After hitting a price of $1,370 per ounce, the precious metal has shown a significant decline in recent months; losing 12% of its value and falling to $1,200 per ounce. Financial and precious metal markets expert Dimitri Speck has explained to Sputnik why he is still championing investments in gold despite its fall.
Speck explained that the key difference between gold and currencies like the euro or dollar is that it is not some kind of commodity money and its mass can’t be increased arbitrarily. Gold also can not go bankrupt and be declared worthless, the financial expert continued.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.
Goldplat is run by highly experienced mining industry professionals, and has an active development strategy primarily focussed on building on the strong revenue growth of its core gold recovery operations and expanding its footprint in Africa to take advantage of the continent’s primary gold production.