- “New York Times” article reports gold reaching record highs
- Buying gold is “best thing” investors can do to shield themselves from inflation, weakening of so-called fiat, or paper, currencies
- KGS strategic business model designed to deliver the highest benefit possible as prices of precious metals, including gold, increases
As investors look for stability in a precarious financial world, they are turning more often to gold, pushing gold prices up to record levels not seen since 2011. Kingman Minerals (TSX.V: KGS), a Canada-based company engaged in the acquisition, exploration and development of gold and silver properties in North America, is in a strong position to leverage these market trends to create significant value for its shareholders.
“In recent days, gold prices have hit record highs,” reported a recent “New York Times” article (http://ibn.fm/h81b5). “For the year, gold is up 27 percent, a performance that puts it ahead of most stock, bond and commodity markets. . . . Right now, investors are . . . determining that buying gold — which is traditionally considered an investment that holds its value over time — is the best thing they can do to shield themselves from inflation and weakening of so-called fiat, or paper, currencies. As a result, money flows into gold investments have surged in recent months as central banks have stepped up their fight against the downturn.”
The article notes that the COVID-19 pandemic has fueled one of the sharpest downturns in the global economy on record, with some experts predicting that the world economy will shrink by 5%. Consequently, the Federal Reserve, along with other central banks worldwide, have turned to creating fresh currency in an attempt to support the weakening economy.
“The increase in money supply lowers interest rates and raises the amount of a particular currency, such as the dollar, in circulation,” the article noted. “And over time, these moves can both increase inflation (lower interest rates typically spur economic activity) and weaken the value of a currency.”
As a result, gold becomes a more attractive — and stable — investment, a situation that Kingman Minerals is positioned to make the most of. The company’s strategic business model is designed to deliver the highest benefit possible to its shareholders as the prices of precious metals, including gold, increase. In addition, the company is focused on expanding its footprint through the acquisition of new potential exploration targets. KGS’s unique business model outlines careful and deliberate participation in the exploration and expansion success of the historical mines and prospects underlying its current agreements.
Kingman Minerals Ltd. is currently engaged in the business of precious metal mineral exploration for the purpose of acquiring and advancing non-grass-roots mineral properties located in mining friendly jurisdictions of North America. Formerly known as Astorius Resources Ltd., KGS is engaged in the acquisition, exploration and development of gold and silver properties in North America. Based in Canada, KGS is committed to sourcing and developing high-quality properties with significant mining potential as part of its strategy of developing a diverse portfolio of low-cost, lifelong assets.
For more information, visit the company’s website at www.KingmanMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to KGS are available in the company’s newsroom at http://ibn.fm/KGS
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.miningnewswire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.miningnewswire.com/Disclaimer
MiningNewsWire
Los Angeles, California
www.miningnewswire.com
310.299.1717 Office
Editor@MiningNewsWire.com
