Are Gold and Silver Mining Stocks Ready for Some “Breaking” Out News? See It Market
Month: April 2020
GR Silver Mining Identifies Additional High-Grade Drill Results at Plomosas Yahoo Finance
FXStreet/Dhwani Mehta/4-23-2020
“[Saxo Bank] sees gold prices pushing to $1,800 an ounce by the end of this year, hitting a new record high by 2021 and sees a long-term gold price above $4,000 an ounce. If ever there was a time where it made sense to put a part of your savings into something tangible, then I think that is now.”
USAGOLD note: Given the complexities involved with the evolution of three major crises simultaneously – the pandemic, the oil collapse and the slow-motion unraveling of credit and financial markets – it is going to be very difficult to time short-term gold market speculation. Anything can happen in this chaotic situation. The best approach, in our view, is to buy the physical metal outright for long-term storage in order to be fully positioned for the time when the gold price does go into a full-out, upward trajectory.
Image courtesy of Visual Capitalist
Seeking Alpha/Calvin Ayre/4-21-2020
“Therefore, I advise people amass gold now not because I have no faith in human civilization, but precisely because I do. The division of labor will live on, and amassing the means through which it will survive, is going to make its current holders very, very rich in real terms. If and when the dollar is destroyed, human civilization will not simply end. It will continue to use gold as money, just as it does right now, but without the dollar intermediate. Unfortunately, most people will be very poor, because they only have the intermediary. Those people will have to work for those who have the real thing. The real thing will then filter down and through the new economy.”
USAGOLD note: This is an extraordinary argument in favor of gold ownership and gold’s value as money. Ayre strips away all the fluff on what money is and should be leaving the reader with a practical, down-to-earth philosophy on why it should inhabit significant space within the overall asset portfolio.
How Gold Mining Stocks Are Safer Than Gold ETFs Seeking Alpha
Papua New Guinea to take control of Barrick Gold mine Reuters
Be prepared for “major correction” in gold price in the coming months says analyst Kitco NEWS
Gold ends lower, but tallies a gain of more than 2% for the week MarketWatch
Is gold price action warning of imminent monetary collapse? Kitco NEWS
Investors are turning to the miners as gold, silver prices move higher – CIBC Kitco NEWS