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Why Gold Prices Are Set to Skyrocket

Gold prices have been testing the $1,800 mark for weeks, but gold experts think this is just the beginning.

Gold prices just hit a 7.5-year high of $1,796.10 in June and are expected to beat the all-time record high of $1,900 later this year.

In fact, Bank of America says gold could hit $3,000 in the next 18 months, 50% higher than the highest gold price ever.

Why?

Well, for starters, the Fed Balance Sheet is already over $7 trillion and is headed for $10 trillion by the end of the year.

As the Fed balance sheet grows, market experts see the gold price following.

But the monetary stimulus isn’t the only catalyst that’s going to support the yellow metal.

From the US-China trade war to US unemployment claims to a second wave of the virus, there are several reasons why gold is the smartest investment to make this year.

We’ve had our finger on the pulse of the gold market for quite some time, which is how we uncovered this exciting junior gold exploration company.

This company’s stock has been on a rise and surface exploration was announced on June 24th at Chevrier, one of the world’s most gold-endowed regions.

Genesis Metals Corp. (TSX.V:GIS) (OTC:GGISF) has commenced a staged surface exploration program that will be executed in the coming months at its Chevrier gold project in the eastern Abitibi greenstone belt of central Quebec. The company completed a phase I drilling program in May which consisted of a total of 2,502 metres in nine holes. Results from holes GM-20-59 to 62 were reported by the company on June 2, 2020; results for holes GM-20-63 to 67 are pending and should be released in the coming weeks.

As gold prices inevitably go higher, this is definitely a stock to keep your eye on.

To learn more about Genesis Metals Corp. (TSX.V:GIS) (OTC:GGISF), please visit this link.

This content contains “forward‐looking information” and “forward-looking statements” under applicable Canadian and U.S. securities laws (collectively, “forward‐looking statements”). These statements relate to future events or the Company’s future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management’s experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the Company’s business strategy; future planning processes; commercial mining operations; cash flow; budgets; the timing and amount of estimated future production; recovery rates; mine plans and mine life; the future price of gold and other metals; costs of production; and completion of milestones thereunder. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon guidance and forward-looking statements as there can be no assurance that the plans, assumptions, or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward‐looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “forecast”, “potential”, “target”, “intend”, “could”, “might”, “should”, “believe” and similar expressions) are not statements of historical fact and may be “forward‐looking statements”.

Cautionary Statements

Junior Mining Network (“JMN”) is not a financial advisory or advisor, investment advisor or broker-dealer and does not undertake any activities that would require such registration. The information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation, nor is the information an offer or solicitation to buy, hold or sell any security. JMN does not represent or warrant that the information posted is accurate, unbiased or complete and make no representations as to the completeness or timeless of the material provided. JMN receives fees for producing content on financial news and has been compensated by Market Jar Media Inc. to publish this content. Investors should consult with an investment advisor, tax and legal consultant before making any investment decisions. All materials are subject to change without notice.

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