A weakening economy and inflation are keeping gold prices high
(PresseBox) - Everything looks at energy and other prices, inflation and how the central banks react.
The U.S. Federal Reserve wants to raise interest rates, but it is not yet known how many steps this will be. Because the economy should not be damaged, that is the problem. Inflation and a weakening economy are not easy to get a grip on. According to gold expert Ronald-Peter Stöferle, the market has already priced in interest rate steps to 3.5 percent by mid-2023. Stöferle believes a recession in the U.S. and Europe is possible. After all, the planned interest rate steps are quite aggressive. The market even expects interest rate cuts again for the USA in 2023.
One possibility, which has been used in the U.S. before and Japan is currently doing, would be to set a cap on bond yields (yield curve control). If necessary, the central bank could then buy government bonds, which would be quantitative easing. What happens to the gold price then? As we have already seen in the recent past, inflation or negative real interest rates are the ideal ground for the gold price to rise. According to industry experts, these negative real interest rates, especially in the U.S. and Euroland, will probably continue for years. Gold as a protection against inflation works and will increasingly drive investors into the safe haven gold. Because there are hardly any safe investment options left in the current situation of rising inflation and weak economic development, except for the tried and tested gold. Gold shares therefore belong in every portfolio. Skeena Resources or Fury Gold Mines would be suitable.
Skeena Resources - https://www.youtube.com/watch?v=qwQHXVfmBy4 - has very large land positions in the Golden Triangle of British Columbia and is working to revitalize the formerly producing Eskay Creek gold-silver mine.
Fury Gold Mines - https://www.youtube.com/watch?v=OxpuMtl-rsE - has very good projects in Quebec and British Columbia.
Current corporate information and press releases from Skeena Resources (-https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).
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/
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Datum: 27.04.2022 - 01:45 Uhr
Sprache: Deutsch
News-ID 659080
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"A weakening economy and inflation are keeping gold prices high"
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