Volatile Economy Makes Gold Space 'Increasingly Attractive'
NEW YORK, Oct. 12, 2023 /PRNewswire/ -- In uncertain economic times, stability is a rare commodity. Historically, one of the most stable spaces during fragile economies is gold, a highly liquid asset that carries no credit risk and preserves its value over time. The precious metal also benefits from diverse sources of demand: as an investment, a reserve asset, gold jewelry, or a technology component. These attributes mean gold can enhance a portfolio in three ways: delivering long-term returns, improving diversification and providing liquidity. Many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) (profile), are seeing significant growth and success during the recent volatile economy. Quickly graduating past startup phase and seeing global growth in mere months, GEMXX is now eyeing vertical integration — a noteworthy differentiator in the gold sector. In addition to gold, the company mines ammolite, a gemstone similar to black opal. With colored gems sparking a hot jewelry trend, this added offering distinguishes GEMXX from many in the gold space. Other mining companies seeing notable success in the gold sector include Wheaton Precious Metals Corp. (NYSE: WPM); McEwen Mining Inc. (NYSE: MUX); Fortitude Gold Corp. (OTC: FTCO); and Gold Fields (NYSE: GFI).
- Many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) ( profile ), are seeing significant growth and success during the recent volatile economy.
- With colored gems sparking a hot jewelry trend, this added offering distinguishes GEMXX from many in the gold space.
- Other mining companies seeing notable success in the gold sector include Wheaton Precious Metals Corp. (NYSE: WPM); McEwen Mining Inc. (NYSE: MUX); Fortitude Gold Corp. (OTC: FTCO); and Gold Fields (NYSE: GFI).
- · The pending acquisition of the Yukon Gold Project would significantly increase GEMXX's gold asset portfolio.