Keep calm and believe in gold
History shows that tariffs and counter-tariffs often have negative consequences. However, the gold price could benefit.
(PresseBox) - Customs duties are a form of tax that leads to additional costs, which are usually passed on to consumers. This can fuel inflation. And trade wars can arise. Gold is seen as a hedge against inflation and instability, and it retains its value. Various examples show how the price of gold has developed as a result of the imposition of tariffs. For example, France s customs policy during the Third Republic. The tariffs led to higher consumer prices and higher inflation. Investors increasingly turned to gold. In 1971, Richard Nixon imposed an import surcharge, and the gold standard was ended. Gold rose from 35 US dollars per troy ounce to more than 180 US dollars.
Inflation was high at the time. In 2002, US President Bush caused a stir with tariffs on steel and aluminum. While a troy ounce of gold cost 280 US dollars in 2002, the price rose to over 400 US dollars in 2003. Then there was the tariff war between China and the US in 2018 and 2019, which resulted in inflation and economic uncertainty. The price of gold went up, from USD 1,200 to more than USD 1,500 per troy ounce.
If the gold price is high and bond yields fall, and if this is exacerbated by the tariffs, negative real yields could occur. These usually cause the gold price to rise. The gold price is currently on a downward trend, and the general sell-off has probably also dragged the precious metal down with it. However, this could now be an opportunity to enter the market because, as history has shown, tariffs are good for the gold price. A new upward dynamic should therefore come as no surprise. Among the gold mining stocks, Goldshore Resources and Calibre Mining are appealing.
Goldshore Resources - https://www.commodity-tv.com/ondemand/companies/profil/goldshore-resources-inc/ - owns 100 percent of the advanced-stage Moss Gold Project in Ontario, Canada.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - produced more than 240,000 ounces of gold in 2024. The proposed merger between Calibre and Equinox Gold will create a significant gold producer with the potential to produce more than 1.2 million ounces of gold annually.
Current company information and press releases from Goldshore Resources (- https://www.resource-capital.ch/en/companies/goldshore-resources-inc/ -) and Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-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/
Unternehmensinformation / Kurzprofil:
Datum: 09.04.2025 - 06:30 Uhr
Sprache: Deutsch
News-ID 720153
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contact information:
Contact person: Jörg Schulte
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Phone: +49 (2983) 974041
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"Keep calm and believe in gold"
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