Banking crisis - catalyst for the gold price

Perhaps the banking crisis is now the driver that will lift gold to $2,000 or higher, even more so now that Credit Suisse has hit the headlines in Europe. Bloomberg Intelligence is not the only one to assume that the Fed will stop its tightening cycle. The U.S. Department of Justice and the Securities and Exchange Commission reportedly have launched their own investigations into the collapse of Silicon Valley Bank. And Moody downgraded the U.S. banking system from stable to negative. Moody is one of the three largest credit rating agencies in the United States. Looking back at 2018, it is striking that the situation was similar. Back then, signals that a transition from tightening to easing was imminent caused gold to crack $1,350 per ounce. A rally to US$2,060 followed. So today, some experts consider 3,000 U.S. dollars per ounce possible. Above all, if one assumes in addition a recession in the USA. Gold could therefore prove to be a top performer.

Gold is an essential metal in the financial markets and in society. Gold and mining expert Byron King calls gold the only true measure of value in our growing multipolar world. Even though only about seven percent of it is used in industry. Byron King says rampant government spending and low interest rates have led to the global ruin of fiat currencies. More than a decade of loose monetary policy is now taking its toll. Gold can provide value and some stability. Gold is not only a global reserve currency, but also an inflation hedge for private investors. That's where investments in gold companies such as Gold Royalty or OceanaGold come in.

As a royalty company, Gold Royalty - https://www.commodity-tv.com/play/gold-royalty-strong-growth-of-royalty-revenue-in-tier-1-jurisdictions/ - provides diversification in the portfolio. 2022 was a very successful record year. The royalties are located in North and South America.

OceanaGold - https://www.commodity-tv.com/play/oceanagold-presents-strong-results-for-2022-and-gives-growth-outlook/ - is already a producer, with projects located in the U.S., New Zealand and the Philippines. Production of 460,000 to 510,000 ounces of gold is expected in 2023.

Current corporate information and press releases from Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-corp/ -) and OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-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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