The price of gold can rise even further, many think

In the history of gold, no one who has ever bought gold (and held on to it until today) has lost money. Nevertheless, many investors are still not as positive about the precious metal as gold deserves to be, even if the number is decreasing. It is proving true once again that gold performs particularly well at the end of an interest rate peak. Nevertheless, mainstream interest seems to remain muted. When the price of gold reached a new record in August 2020, the Google algorithm (relevance of websites) recorded a value of 100. The price of the precious metal then fell for around two years. In September 2022, a troy ounce of gold cost just USD 1,615. The interest of mainstream investors should be seen as a contrary indicator for the future price of gold. Because if the majority are interested in gold, then the majority have already bought. Then there are hardly any buyers left and so the price falls.

What does it look like now? Investor sentiment is 50 percent worse than in 2020, and many believe that the price of the yellow metal will continue to rise. At least according to chart technicians, the strong rate of increase in the price of gold means that a further price surge is possible. Back to the mainstream. If the mainstream hasn’t bought gold, who has? Central banks or large multinational institutions come to mind. At some point, mainstream investors will also pounce on the gold market. In the meantime, those who are already invested can rejoice. And when the mainstream enters the market, it may be time to take profits. Investors should now also take a look at well-positioned gold companies.

In the Golden Triangle in British Columbia, for example, this would be Tudor Gold – https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ -. The Treaty Creek project there contains gold, silver and copper. The updated mineral resource estimate boasts 16 percent more gold, 14 percent more silver and 32 percent more copper.

With its Metates project in Mexico, Chesapeake Gold – https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ – owns one of the largest undeveloped gold and silver deposits in the world.

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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