Gold – the queen of currencies

In 2020 and also in 2022, the gold sell-off started from around US$2,080 per ounce, but this time the queen of currencies is showing strength. From a chart perspective, a further price increase is likely and this before a reaction in the opposite direction sets in. The development of the US dollar is synchronous. A further decline is likely before a rally could occur. Thus, the ounce of gold could cost $2,200 to $2,400 before the U.S. dollar rises. Let’s say the U.S. dollar were to rise. Gold and the U.S. dollar would go up together, bank failures would then be pretty much inevitable. The Fed would then have to rescue the banks, this would require money printing and gold would become very expensive.

If in the 1970s we experienced the dollarization of the world due to oil, today de-dollarization is the global theme. From 2020 into the next few decades, gold, mining, higher interest rates and commodities will be the themes. And unlike American stock market investors who sell gold when stocks rise, the Chinese are trading. Higher rates lead to more gold buying. This, too, could drive up the price of gold. So, it’s time for investments in gold companies such as Victoria Gold or Tudor Gold.

Victoria Gold – https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ – is successfully producing gold in the Yukon at the Eagle Gold Mine. This and the Olive gold deposit are part of Victoria Gold’s Dublin Gulch property.

Tudor Gold – https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ – is taking care of its Treaty Creek Gold Project in British Columbia. The 2023 diamond drill program (minimum 25,000 meters) will start shortly.

Latest corporate information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-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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