Inflation and no end - gold helps

Consumer prices in this country continued to rise in May. They are currently up 7.9 percent year-on-year. At the same time, wages in the first quarter of 2022 almost doubled compared with the previous quarter. A wage-price spiral seems inevitable. Many experts even expect inflation to rise further. In this context, it is also interesting to take a look at other countries, such as the Czech Republic. Budget deficits are high, the Czech central bank is keeping interest rates at a high level, and it is pushing for wage restraint. This is because demand-side inflation could spill over. Inflation is expected to peak at around 15 percent in July.

The target of two percent could probably not be reached again for two years. According to the new Czech central bank governor, returns on the bank's large foreign investments are to be increased. The share of equities in the bank's portfolio is to be increased from 16 percent now to more than 20 percent. Central banks in Switzerland, Israel and Norway are acting in a similar way. The Czech Republic also wants to increase its gold holdings from the current eleven tons to 100 tons or more. Because, according to the statements, they want to make profits. 

For the private investor, the question of the right investments arises more than ever before. Farsightedness is called for. The time-honored gold and the values of gold companies should be targeted, as some central banks are doing.

For example, there is GCM Mining - https://www.youtube.com/watch?v=CV7pfLIZadQ -, a mid-sized gold producer with the Segovia operation in Colombia. In 2021, over 200,000 ounces of gold were produced there.

Gold Terra Resource - https://www.youtube.com/watch?v=CV7pfLIZadQ - owns the Yellowknife City Gold Project in the Northwest Territories. Excellent drill results are expected to be incorporated into a new resource estimate later this year.

Current corporate information and press releases from GCM Mining (- https://www.resource-capital.ch/en/companies/gcm-mining-corp/ -) 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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