New highs for gold in 2023

Some analysts see fundamental and profound problems ahead for the U.S. economy. Debt there is enormous, standing at more than $31.4 trillion at year-end 2022. The population is aging not only in this country, but also in the United States. And that leads to problems. The healthcare industry is also a factor that should not be underestimated. On the other hand, gold and silver are forecast by most analysts to grow strongly. Here, the purchases of the central banks also have a supporting effect. New price highs would be no wonder. Base metals are also seen as having great potential, especially copper and lithium. This is because many countries are looking to move away from fossil fuels.

Provisioning in many areas, such as private retirement, is necessary. Preserving assets, or at best increasing them, is difficult in view of negative real interest rates and inflation. Gold and silver are performing well in terms of price, even very well. New highs in price should be exploited. And this is where mining stocks score particularly well. Relative to gold, for example, mining stocks are often very undervalued right now, so they’re cheap, maybe even cheaper than they’ve been in decades. Mergers and acquisitions can happen, providing lucrativeness. Especially if the Fed slows its rate hikes, then gold could find itself in a new uptrend that investors should take advantage of. Here, investments in gold and silver mining stocks would be a good idea, such as Tarachi Gold or Discovery Silver.

In mining-friendly Mexico, Tarachi Gold owns the Tarachi and Magistral Mill and Tailings projects. They contain gold, silver, copper and zinc.

Also in Mexico, Discovery Silver is working on its prospective Codero silver project of about 35,000 hectares. A positive pre-feasibility study has already been completed.

Latest corporate information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).

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