Buy gold even at 2,000 US dollars per ounce or not

If the gold price stabilizes at around $2,000, investors should adjust their ideas to the new high price. Since the price can go even higher, one should position oneself in time. Since the beginning of April, the price of the precious metal was able to overcome the 2,000 US dollar mark. Investors naturally want to buy cheap and sell expensive. The question is, is gold now too expensive to enter or is this a favorable price given the future. The US$2,000 mark is a magic number, so to speak. It must be remembered that gold has already set records in other currencies. Even the US$1,000 mark was once a magic number. Today, investors' displeasure with the decisions of the central banks is probably driving them to gold. After all, the unrestrained money printing and the inflation that now prevails speak in favor of gold investments.

Whether the entry into the gold market is favorable now, the upward trend has perhaps just begun, or the gold price is more likely to go down, it is not an easy decision. However, it is easy in so far as one realizes that gold investments are convincing by their historical development alone. Strategies in gold should be planned for the long term. And gold in the portfolio is not so much an investment, but an insurance. The portfolio should be protected. But if you are not afraid of risks and want to bet on the gold price leverage in gold companies, you can take a look at Golden Rim Resources or Condor Gold.

Condor Gold - https://www.commodity-tv.com/ondemand/companies/profil/condor-gold-plc/ - has three gold projects in Nicaragua, including the prospective La India Gold Project.

Golden Rim Resources - https://www.commodity-tv.com/ondemand/companies/profil/golden-rim-resources-ltd/ - is on the move in West Africa and in Chile. The Kada gold project in Guinea deserves special attention. The projects contain gold as well as copper, silver, zinc and lead.

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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