Gold investments should not be seen as a short-term investment. In the longer term, gold should bring joy.
Experts generally agree that current price setbacks are temporary events. Chart analysts foresee long-term price increases. In the medium term, the gold price is expected to hover around $2,300 US dollars. Citigroup analysts anticipate prices to reach up to $3,000 US dollars per ounce over the next twelve months. The rise is attributed mainly to several interest rate cuts that the US Federal Reserve will implement. There are also voices, such as those of chart analysts, predicting a price increase to up to $4,000 US dollars per ounce of gold by 2030. Real interest rates seem to have somewhat diminished in their significant influence on the gold price. Currently, the gold price is strongly driven by the demand from Chinese private investors.
Money is not flowing much into real estate in the Middle Kingdom; instead, the Chinese prefer to invest in gold. The real estate market is ailing, and the stock market is rather subdued. Therefore, alternatives for investments are sought after, and the Chinese have increasingly discovered gold. It is even said that the Chinese gold supply from mines is being depleted for this purpose. This is compounded by the demand from central banks. Even though the development of the gold price has already been phenomenal this year, there still seems to be room for further growth.
Corrections in the gold market have always occurred and will continue to do so. Profit-taking at high prices is also possible. As long as Asian trading remains strong and US data suggests interest rate cuts, price setbacks should always be seen as entry opportunities. By the way, the gold price is not only less affected by real interest rates but also, as recent times have shown, by the yields of government bonds. Investors can opt for gold with Tudor Gold or Sierra Madre Gold and Silver.
In British Columbia, Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - has its eye on its Treaty Creek project (gold, silver, copper) for the 2024 exploration program.
Sierra Madre Gold and Silver - https://www.commodity-tv.com/play/sierra-madre-gold-and-silver-restart-of-silver-gold-mine-ahead-of-schedule/ - holds gold and silver in three projects in Mexico.
For current company information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/de/unternehmen/sierra-madre-gold-and-silver-ltd/ -).
According to §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned, creating a potential conflict of interest. No guarantee is provided for the translation into German. Only the English version of these messages applies.
Disclaimer: The provided information does not constitute any recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages resulting from the use of this blog. It should be noted that stocks and especially options trading are generally associated with risks. The total loss of the capital invested cannot be excluded. All information and sources are researched with the utmost care. However, no guarantee is given for the correctness of all content. Despite careful content control, errors, especially regarding numerical data and prices, are expressly reserved. The information contained herein is derived from sources believed to be reliable but does not claim to be correct and complete. Due to judicial rulings, the contents of linked external sites may also be deemed to be the responsibility of the respective operators (in particular, the Hamburg Regional Court, in its judgment of May 12, 1998 - 312 O 85/98), as long as there is no explicit distancing from these. Despite careful content control, no liability is assumed for the content of linked external pages. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/
Experts generally agree that current price setbacks are temporary events. Chart analysts foresee long-term price increases. In the medium term, the gold price is expected to hover around $2,300 US dollars. Citigroup analysts anticipate prices to reach up to $3,000 US dollars per ounce over the next twelve months. The rise is attributed mainly to several interest rate cuts that the US Federal Reserve will implement. There are also voices, such as those of chart analysts, predicting a price increase to up to $4,000 US dollars per ounce of gold by 2030. Real interest rates seem to have somewhat diminished in their significant influence on the gold price. Currently, the gold price is strongly driven by the demand from Chinese private investors.
Money is not flowing much into real estate in the Middle Kingdom; instead, the Chinese prefer to invest in gold. The real estate market is ailing, and the stock market is rather subdued. Therefore, alternatives for investments are sought after, and the Chinese have increasingly discovered gold. It is even said that the Chinese gold supply from mines is being depleted for this purpose. This is compounded by the demand from central banks. Even though the development of the gold price has already been phenomenal this year, there still seems to be room for further growth.
Corrections in the gold market have always occurred and will continue to do so. Profit-taking at high prices is also possible. As long as Asian trading remains strong and US data suggests interest rate cuts, price setbacks should always be seen as entry opportunities. By the way, the gold price is not only less affected by real interest rates but also, as recent times have shown, by the yields of government bonds. Investors can opt for gold with Tudor Gold or Sierra Madre Gold and Silver.
In British Columbia, Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - has its eye on its Treaty Creek project (gold, silver, copper) for the 2024 exploration program.
Sierra Madre Gold and Silver - https://www.commodity-tv.com/play/sierra-madre-gold-and-silver-restart-of-silver-gold-mine-ahead-of-schedule/ - holds gold and silver in three projects in Mexico.
For current company information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/de/unternehmen/sierra-madre-gold-and-silver-ltd/ -).
According to §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned, creating a potential conflict of interest. No guarantee is provided for the translation into German. Only the English version of these messages applies.
Disclaimer: The provided information does not constitute any recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages resulting from the use of this blog. It should be noted that stocks and especially options trading are generally associated with risks. The total loss of the capital invested cannot be excluded. All information and sources are researched with the utmost care. However, no guarantee is given for the correctness of all content. Despite careful content control, errors, especially regarding numerical data and prices, are expressly reserved. The information contained herein is derived from sources believed to be reliable but does not claim to be correct and complete. Due to judicial rulings, the contents of linked external sites may also be deemed to be the responsibility of the respective operators (in particular, the Hamburg Regional Court, in its judgment of May 12, 1998 - 312 O 85/98), as long as there is no explicit distancing from these. Despite careful content control, no liability is assumed for the content of linked external pages. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/
