A new geopolitical situation and new opportunities for the gold price

Some industry insiders believe that a price of US$2,500 per ounce of gold will soon be possible, for example the MKS Pamp Group, a financial services provider that operates a precious metals refinery. This is because it is believed that the war in Ukraine could not be fully resolved in the course of 2022. In addition, there would be a stronger risk of recession, not least triggered by the Fed's interest rate hikes and slower economic growth. This is because the interest rate hikes are intended to counter inflation, but this greatly increases the risk of recession. In the USA, after all, there is a threat of double-digit inflation.

Another argument is that the war is now triggering efforts away from globalism and toward isolationism. This, in turn, is additionally fueling inflation. Investors are looking for hedges against inflation, recession risks and uncertainty. And that's where gold is often the first choice, and rightly so. A headwind could only arise if the Russian central bank decides to sell gold. On the other hand, more non-Western central banks may now increase their gold holdings, because there is a risk that their U.S. dollar holdings will be sanctioned by the West, as currently seen with Russia. So, for the end of the current year, the analysts at MKS Pamp Group see a gold price of $2,500 and a silver price of $25.

Noteworthy, for example, is Fury Gold Mines - https://www.youtube.com/watch?v=R8_e53ggZfo - with its very good projects in Quebec and British Columbia. The company is backed by a very experienced management team.

Gold Terra Resource - https://www.youtube.com/watch?v=nMVbyxX92_U - controls one of the largest gold deposits in Canada with its large Yellowknife City project in the Northwest Territories. Drilling is in full swing.

Current corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-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/

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