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People need to understand few factors here:
Currently, the gold price is increasing because there is a clear need for a safe haven investment,enet. We have seen Federal rate cuts, and the stock markets tanking. This has seen investors look to move their money into more secure investments, and gold is one of the best such investments.
Is it the right time to buy gold?
Now is probably one of the best times to buy gold. It has been ona bullish run for almost a year but instead of turning around it is expected to accelerate because of the fall out of the Covid-19 pandemic.
What would be the gold price in 2020?
Having already grown by a few hundred dollars in the first quarter of the year, it is expected that gold’s price will grow even quicker for the next few quarters. There is every chance it will get close to $2,000 an Oz, but probably fall just short of that resistance level.
What will be the price of gold in 2030?
But 2030, the price of gold will likely be a lot higher than where it is today as the Covid-19 recession will help spike its price. The price may fall back a little from there but more than likely other factors will help grow it again by the time the next decade comes around.
In the world of investing, there is of course always going to be risk and potential for loss. Gold is no different, but it is also one of the least risky investments that there is. It is an asset that will always be in demand, either for its uses in Jewelry, or electronics, and it is also in demand from central banks as well as investors.
Gold is also a resource that has an uncertain, but scarce, supply. This supply is also always dwindling which means the demand will keep rising along with the price. More so, the factors that impact the future gold’s price prediction are only going to get more relevant with the Covid-19 crisis and the ongoing need for a safe haven asset.
Year Gold Price Prediction
2020 $1,884
2021 $2,312
2022 $2,149
2023 $2,221
2024 $2,288
2025 $2,312
2030 $2,732
"Investing in gold has never had a better time to start than right now, the price is primed to explode!!!!!!!"
3 Tons of gold was dig out from this mine, worth in current value 160.000.000$ - the reason why they stop was very simple gold was worth 300$ per ounce - today is worth over 1940$ per once - do the maths folks :)
Modern technology + low cost (manpower 10 people) +premium price = ????
Gold and silver's impressive rally this summer is just the start of the precious metal bull market, according to one Canadian Bank.
In a report published Tuesday, commodity analysts at CIBC upgraded their gold and silver forecasts for the rest of the year into 2021. The analysts said that they see gold prices averaging the third quarter around $1,925 an ounce. The average goes up to $2,000 for the fourth quarter, the analysts said.
Looking ahead, CIBC sees gold prices averaging $2,300 an ounce in 2021, $2,200 an ounce in 2022, $2,100 in 2023 and $2,000 an ounce in 2024.
Do your maths... ;)
Good morning gold dig...s - are you ready for blue finish today??
Ps.
“As well as drilling and bulk sampling we are pushing forward our plans to dewater the Llechfraith mine section, one of our most promising targets, to sample the historical waste tip for gold and to carry out surface trenching and sampling of the first of the many regional gold targets which have been IDENTIFIED by our team.!!!!"
!FOLLOWFEED For many investors and traders finding the right stock is what excites us all! Alba could be a pre Christmas Gem in the making , having gone through all the hard work in getting to the point of sampling in order to prove up their asset, they are well placed to gain more traction, the lowly share price and market cap leaves plenty of room for upside and the Greenland potential is currently not even factored in. With plenty of press coverage expected over the next few months along with updates on the progress due in October (towards the end if I remember correctly) all bodes well to see the price range between 3p to 6p and possibly a breakout if compelling initial results are exceeding expectations! With all this in mind our view is a strong buy ! Verdict : Pile In !
Good luck to all
Gold plus other assets can push this beyond 15p easy what not to like.
Do the maths folks...
"...As such, Alba will be issuing no further Convertible Securities under the Agreement and the Investor will be providing no further funding and receiving no further Alba shares under the terminated investment facility..."
0,56-0,58 - pmsl
See you guys at 7p ;)
I almost collapse LOL
ps.
gr8 summary
https://www.**********.co.uk/articles/alba-mineral-makes-great-progress-at-clogau-gold-project-9e045ab/
IHC Robbins has advised on some of the largest mineral sands projects in the world, including providing engineering, detail and design services for the Definitive Feasibility Study on Iluka Resources' JAA mine in South Australia, and providing design, procurement, site co-ordination, construction and commissioning of the processing plants for Australian Zircon's Mindarie mineral sands mine, also in South Australia.
Ps.
This company have superb reputation - and its absolutely massive - IHC Robbins is a multi-discipline technology business, operating from Brisbane and Perth, specializing in providing services to the Mineral Sands Industry. IHC Robbins was formed following a merger between Robbins Technology Group and Royal IHC (marine sector for more than 350 yrs!!!!) in late 2015.
As a leading service provider to the Heavy Minerals mining and processing sector, IHC Robbins provides clients with metallurgical testwork, practical engineering and specialized equipment at competitive prices.
FOR 10P AND BEYOND FOLKS :)
GLA