Is there still gold price manipulation-
This year, the price of gold rose by double digits compared to previous years.
(PresseBox) - The question of gold price manipulation comes up again and again. Once, when the gold price fell sharply after a record in 2011. In 2015, it was proven that some banks were involved in manipulating gold and silver prices. The LBMA gold price, which replaced the London Gold Fix, later provided more transparency. As history has shown, this resulted in prison sentences and fines running into millions. Today, investors should no longer have to fear manipulation of precious metal prices. There is a consensus that gold should be part of every investment portfolio. The rise in the price of gold also shows that currencies are losing value against tangible assets.
A current positive development, which should benefit the precious metal, can be seen in India, where the all-important monsoon is favorable. The rainfall distribution is favorable for the harvests, and the sowing of the main crops is also better than last year. This will enable India s rural population, which is huge, to buy more gold and silver. An aspect that should not be underestimated. Incidentally, interest rate cuts are expected not only in the USA, but also in India. This should give the gold price a boost. Conservative investment strategies that rely on gold are the right decision in the long term. History shows this. As many gold mining stocks have not yet been able to keep up with the rise in the gold price, it is worth taking a look at U.S. GoldMining or Revival Gold, for example.
U.S. GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ - owns the promising Whistler project in Alaska. It contains copper and gold, and the drilling program is running successfully at full speed.
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - is a pure-play gold mine developer in the west of the USA. The company is conducting technical and economic studies for the Mercur Gold Project in Utah and is preparing the permitting process for the mine. Exploration is also underway for the Beartrack-Arnett gold project in Idaho.
Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -).
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/
Unternehmensinformation / Kurzprofil:
Datum: 10.09.2024 - 05:03 Uhr
Sprache: Deutsch
News-ID 711250
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"Is there still gold price manipulation-"
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