Uncertainties good for the gold price

The biggest debtors are the USA and China. Italy, France, Brazil and the UK are also among them. And a lot is happening around the world – just think of climate change or the ageing population in many countries – and all of this is costing money and driving debt even higher. And this debt situation on earth speaks in favor of gold. Interest in gold investments is very high in Europe. In October, the number of investors worldwide who invested in gold for the first time doubled year-on-year. The same applies to the third quarter as a whole. In the third quarter of 2024, ETF inflows in particular also fueled demand for gold. Even the lower demand for bars, coins and jewelry could not change this.

Further inflows into ETFs should come with the interest rate cuts and high government debt. Gold is and remains the means of choice for preserving value, protecting assets and not having to watch assets dwindle as currencies lose value. The values of mining companies in the gold sector are also an option.

Miata Metals – https://www.commodity-tv.com/ondemand/companies/profil/miata-metals-corp/ – has earn-in options to acquire a 100% interest in the Sela Creek gold project in Suriname and the Cabin Lake property in British Columbia.

Fury Gold Mines – https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ – is active in Nunavut and Quebec. The Eau Claire project has already identified more than 12 grams of gold per tonne of rock. Fury Gold Mines holds a significant common share position in Dolly Varden Silver.

Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Miata Metals (- https://www.resource-capital.ch/en/companies/miata-metals-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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