The price of gold has been pleasing investors for some time now. It is currently drawing its strength from geopolitical crises such as the Middle East. As to whether now is a good time to buy gold stocks, some analysts are looking at the possibility of a recession in the USA. After all, in most recessions since the 1960s, gold stocks have gone up. Although they have fallen by two to five percent three times, gold stocks have risen by between 30 and more than 180 percent. Another theory compares the price of gold as a percentage of US government bonds held abroad. This theory concludes that the price of gold will continue to rise in the long term. Goldman Sachs, for example, believes that minor corrections are possible, but all signs point to a further rise in the gold price. This must also benefit gold stocks. Solid companies in this sector include Collective Mining and Miata Metals, for example.
Collective Mining - https://www.commodity-tv.com/ondemand/companies/profil/collective-mining/ - is a copper, silver, gold and tungsten exploration company operating in Colombia.
Miata Metals - https://www.commodity-tv.com/ondemand/companies/profil/miata-metals-corp/ - has earn-in options to acquire a 100% interest in the Sela Creek gold project in Suriname and the Cabin Lake property in British Columbia.
Current company information and press releases from Collective Mining (- https://www.resource-capital.ch/en/companies/collective-mining-ltd/ -) and Miata Metals (- https://www.resource-capital.ch/en/companies/miata-metals-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.
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