As the title of this article suggests, a soaring price of gold isn’t necessarily going to transform gold enthusiasts into wealthy individuals. Surprisingly, it might even do the opposite. I’m going to unpack this misunderstanding by showing you why one must be careful what they wish for. The key is in relative prices levels and its links to affordability and household wealth. Soaring price levels can also wreak havoc on the mining industry, as the past two years have shown.
Stay Informed About the Latest Developments in the Gold Market
Gold has proven itself time and time again throughout history as an important tool to preserve wealth. It has maintained its purchasing power over time. An ounce of gold has historically always been able to buy you a decent suit.
Our team of experts diligently monitors the Australian gold market, scouring financial news sources to ensure you're always up-to-date with the most recent developments, market trends, and breaking news related to the Gold Price.
Astral Resources [ASX:AAR] Post Fifth Resource Upgrade at Mandilla Gold Project
Astral Resources posted its fifth MRE upgrade of the Mandilla Gold Project in WA. The MRE total is now 1.27Moz of contained gold at the project site. The share price rose 5.48% by midday on the news as investors now look for the scoping study for mining the site due in early 2024.
How Best to Play This Commodities Revival
Only last week I wrote that a commodities bull market could take a while to materialise. However, things turned around quickly last week as the commodities indices rallied strongly, aided by a favourable CPI reading out of the US that signals inflation is slowing down. While this is no doubt great news, there’re two key variables that I want you to keep an eye on, which could help maximise your profit potential. Read on to find out why…
Mako Gold Intersect High-Grade Gold at Napié Project
Mako Gold updated its testing surrounding its main MRE resource at its Napié Gold Project in Côte d’Ivoire. RC drilling confirmed multiple zones spanning off the central sheer of the highly prospective mine. Shares were down by 3.23% today, trading at three cents per share.
How to Combat the Next Wave of Inflation
For years globalists have leveraged governments, banks, multinational corporations, universities and mass media to implement their egalitarian agenda, dividing society and taking away many people’s liberties. All this to bring upon their ‘utopia’. They even have a name for it, ‘The Great Reset’. Find out how to protect yourself from this corruption below…
A Brighter Year Ahead for Commodity Investors!
Many of you would’ve ridden the financial rollercoaster during the last financial year. While most stock market indices rose, if you look at individual company performance, that wasn’t the case. Those invested in commodity stocks had it tough as they were all over the place. Almost every commodity went through some turbulence. I’m sure over the course of the year, you’d wonder why the Green Agenda — which, ironically, will cause mining activity to ramp up — didn’t result in a mining boom and deliver easy profits to those who participated. Let me try to shed some light on this puzzle…
