The sovereign debt train is rolling – gold is becoming more attractive

The effectiveness of the Federal Reserve’s monetary policy could also potentially be restricted, as could its ability to make monetary policy decisions. Some aspects of the US economy appear to be falling into recession, while other areas are growing. What is driving the debt is social security (the US is also experiencing demographic change, it is not only in this country that there are fewer and fewer workers to provide pensions) and healthcare spending, which is not efficient. Military spending has also risen sharply. And then there is the interest on debt. Japan, for example, is also plagued by very high national debt. Japan’s debt ratio is estimated to be a good 254% of gross domestic product in 2024. To counteract this, Japan is keeping interest rates low and devaluing its currency and bond holders. In view of the situation in the USA, gold, which has performed very well in terms of price this year, should become even more attractive. This is also positive for gold companies such as Tudor Gold and Collective Mining.

Tudor Gold’s – https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ – Treaty Creek project is a prospective gold and copper property in British Columbia. Recent drilling has returned up to almost 14 grams of gold equivalent per tonne of rock.

Collective Mining – https://www.commodity-tv.com/ondemand/companies/profil/collective-mining/ – is a copper, silver, gold and tungsten exploration company with projects in Colombia, including the flagship Guayabales project.

Current company information and press releases from Collective Mining (- https://www.resource-capital.ch/en/companies/collective-mining-ltd/ -).

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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