The development of the precious metal over the years shows that investors are backing the right horse by investing in the gold market, at least in the long term. Ten years ago, for example, a fine ounce of gold cost 1,576 U.S. dollars or 1,204 euros. At the beginning of March 2000, a good 290 U.S. dollars or 300 euros had to be paid for an ounce of gold. One factor that always puts pressure on the gold price is the US dollar. It is difficult to say whether it will remain strong in 2023. On the one hand, inflation and interest rate hikes have provided strength. But whether the interest rate differential between the U.S. and Europe (there are two currencies to consider) will continue to provide dollar strength is questionable. If less steeply rising interest rates are an issue with the Fed, as they have been recently, the U.S. dollar has immediately weakened significantly. Over the long term, gold is an excellent investment, including stocks such as Gold Terra Resource – https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ – or Calibre Mining – https://www.commodity-tv.com/play/calibre-mining-2023-corporate-presentation-on-organic-growth-outlook/. Gold Terra Resource owns the large Yellowknife City project in the Northwest Territories in the Yellowknife Greenstone Belt. Calibre Mining is a successful producer with projects in North and South America. Gold sales in 2022 marked a new record.

Latest corporate information and press releases from Gold Terra Resource (https://www.resource-capital.ch/de/unternehmen/gold-terra-resource-corp/) and Calibre Mining (https://www.resource-capital.ch/de/unternehmen/calibre-mining-corp/)

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

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