Gold price – the journey is likely to continue
A small hoard of gold is also a good idea for private investors, just as the stocks of gold companies benefit from the rising gold price. Even if inflation is falling, hoarding cash is often not such a good idea. In Genoa, two sisters discovered 158 million lire, or around 82,000 euros, in their deceased grandfather’s cellar. But now the Italian central bank is refusing to exchange them. According to the bank, this is no longer possible more than ten years after the introduction of the euro. In this country, there is no time limit for the exchange of old D-Mark holdings. Investors should keep an eye on gold companies such as Osisko Development or Miata Metals.
Osisko Development – https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ – aims to become a mid-tier gold producer, focusing on early producing projects in Canada, Mexico and the USA.
Miata Metals – https://www.commodity-tv.com/ondemand/companies/profil/miata-metals-corp/ – The company currently holds earn-in options to acquire 100% of the shares in the Cabin Lake property in the Omineca Mining Division in British Columbia and 100% of the shares in the prioritized Sela Creek gold project in Suriname.
Current company information and press releases from Miata Metals (- https://www.resource-capital.ch/en/companies/miata-metals-corp/ -) and Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-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.
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