Predictions about the price of gold are always difficult. But there are currently voices that believe that US$4,000 per ounce is possible.
The reasons are, on the one hand, the repatriation of gold reserves by various countries, which has gained momentum. These want to protect themselves from sanctions imposed by the West against Russia. The other is the possible easing of monetary policy by the Fed. Impatience seems to be building among investors, gold buyers and stock and ETF holders. The move away from the U.S. dollar is also taking place in some emerging markets as they also seek to reduce their dependence on the Fed and the United States. So, storing assets offshore is no longer desired. And no one knows what will happen to foreign relations with Russia. Tensions could increase here. As countries prefer to keep their assets in the form of physical gold in their own countries, this should increase the demand for gold.
The fact that the gold price is strong can also be seen from the fact that despite interest rate increases, which are actually bad for the gold price, the gold price is holding up well. Normally, the gold price falls when interest rates rise. But in the past months it was just not so. The gold price has held at a high level. If the Fed stops raising interest rates, or if there are even rate cuts, then this heaves the gold price upward. The fact that US$4,000 per ounce of gold is seen as possible is a result of the base ratios when comparing the Dow and gold and gold and money. If money and stock market levels remain the same, the troy ounce of gold should cost around US$4,000. Gold stock investments should not be missing in any portfolio, for example from Caledonia Mining or Calibre Mining.
In Zimbabwe, Caledonia Mining - https://www.commodity-tv.com/ondemand/companies/profil/caledonia-mining-corporation-plc/ - has been producing at its Blanket mine for many years and pays attractive returns. In the first half of 2023, a good 33,000 ounces of gold were produced.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - is a mid-tier gold producer, focused on North and South America, and just announced its third consecutive record quarter.
Latest corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -) and from Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -)
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
The reasons are, on the one hand, the repatriation of gold reserves by various countries, which has gained momentum. These want to protect themselves from sanctions imposed by the West against Russia. The other is the possible easing of monetary policy by the Fed. Impatience seems to be building among investors, gold buyers and stock and ETF holders. The move away from the U.S. dollar is also taking place in some emerging markets as they also seek to reduce their dependence on the Fed and the United States. So, storing assets offshore is no longer desired. And no one knows what will happen to foreign relations with Russia. Tensions could increase here. As countries prefer to keep their assets in the form of physical gold in their own countries, this should increase the demand for gold.
The fact that the gold price is strong can also be seen from the fact that despite interest rate increases, which are actually bad for the gold price, the gold price is holding up well. Normally, the gold price falls when interest rates rise. But in the past months it was just not so. The gold price has held at a high level. If the Fed stops raising interest rates, or if there are even rate cuts, then this heaves the gold price upward. The fact that US$4,000 per ounce of gold is seen as possible is a result of the base ratios when comparing the Dow and gold and gold and money. If money and stock market levels remain the same, the troy ounce of gold should cost around US$4,000. Gold stock investments should not be missing in any portfolio, for example from Caledonia Mining or Calibre Mining.
In Zimbabwe, Caledonia Mining - https://www.commodity-tv.com/ondemand/companies/profil/caledonia-mining-corporation-plc/ - has been producing at its Blanket mine for many years and pays attractive returns. In the first half of 2023, a good 33,000 ounces of gold were produced.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - is a mid-tier gold producer, focused on North and South America, and just announced its third consecutive record quarter.
Latest corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -) and from Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -)
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
