Take advantage of gold price weaknessHerisau, )
Many are still waiting in vain for gold to shine again, to benefit from inflation hedging or the flight from risky equity markets, but the phoenix has not yet risen from the ashes. Bond yields have risen, making gold less attractive. Arguably, many investors have also invested in the U.S. dollar. But the stock markets are volatile, which could be seen on Wednesday. Gold should therefore be in greater demand again. Also, the economic uncertainty is increasing, so now is perhaps the time to bet on gold. After all, just attract favorable prices. Also, the attractiveness of the gold companies should not be lost sight of.
When gold has regained its former glory, a strong recovery could come. It is difficult to predict whether it is better to take action right away or to wait for a signal from the precious metal. Looking at the central banks, recently Egypt has significantly increased its gold reserves. With 44 tons of additional gold, Egypt has now increased its holdings by more than 50 percent. According to the World Gold Council's ranking of global gold reserves, Egypt has moved up eight places. India has also recently bought. About 2.4 tons were added, so India now owns more than 760 tons of gold. Turkey also appeared as a buyer (1.7 tons of gold). So, after gold is just cheap and it will go on times again up with the price, gold companies such as Trillium Gold Mines and Ximen Mining could be considered as an investment.
In Ontario, the Red Lake Mining District is home to Trillium Gold Mines - https://www.youtube.com/... - with its prospective Newman-Todd complex.
Ximen Mining - https://www.youtube.com/... - is active in southern British Columbia. Two gold and one silver project are part of the portfolio.
Latest corporate information and press releases from Trillium Gold Mines (- https://www.resource-capital.ch/... -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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