Inflation ghost – Gold as Ghostbusters

Not since 1997 has the inflation rate in the eurozone been as high as it was in November 2021. The spectre of inflation is haunting us. But there are ways to curb it, especially gold.

Since 2017, the Vienna Stock Exchange has been asking its Austrian financial community which word they consider to be the stock market nonword of the year. "Inflation ghost" was chosen as the stock market nonword of 2021. "The term "inflation" is being bandied about particularly frequently in the stock market environment this year," writes the Vienna Stock Exchange in response. "In 2021, experts are divided over the impact that price increases will have on the stock markets in the coming years and at what point countermeasures such as interest rate hikes will be necessary," is the explanation for the choice. Yet it is not a vote, but a determination by a panel. "The decision by a panel of judges focuses on the significance, popularity and linguistic meaning of the words. The aim is to strike a thematic and linguistic nerve of the stock exchange year that is coming to an end and to make a contribution to contemporary history with the annual publication," according to the Vienna Stock Exchange.

In fact, inflation is hitting the nerve of investors who "only" have their savings in a savings account. With zero interest and a currency devaluation of more than four percent, the purchasing power of the savings decreases significantly over the years. A tried and tested means that has helped to maintain this purchasing power for many centuries is gold – and also its little sister silver. It may be that a gold treasure may no longer bring you the wealth you dreamed of. But it can at least make the spectre of inflation smaller and less dangerous for everyone. At least the heirs would be happy about the treasure, which is actually the preserved value of savings. Those who are willing to take risks themselves and trust in gold can also try to earn returns themselves with gold investments. This can work with shares of gold companies that own good gold projects. But everyone must be aware that these gold stocks are always speculative in nature. For example, Victoria Gold and Trillium Gold Mines look promising from today’s perspective.

Victoria Gold – produced nearly 56,000 ounces of gold at its Eagle Mine in the Yukon in the third quarter of 2021, up 58 percent from the same quarter last year.

Trillium Gold Mines – is active in the Red Lake Mining District in Ontario. Exploration and development of properties are the focus.

Current corporate information and press releases from Victoria Gold (- -) and Trillium Gold Mines (- -).

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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