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August 1st, 2022 | 06:00 CEST

Desert Gold Ventures CEO Jared Scharf on gold as a hedge against inflation

  • Expert
  • DesertGold
  • Gold
Photo credits: Desert Gold Ventures Inc.

As the European Central Bank raised its interest rate by 50 basis points on July 21 in line with the U.S. Fed and the Bank of England, the price of gold in the London Bullion Market Association fell to USD 1,700 per ounce. Recession danger is rising as more rate increases are anticipated. Changing consumer and equity market conditions are reflected in declining physical and exchange-traded fund demand for gold. Desert Gold Ventures CEO Jared Scharf explains us his view.

time to read: 1 minutes | Author: Mario Hose
ISIN: DESERT GOLD VENTURES | CA25039N4084

Table of contents:


    Gary Cope, President and CEO, Barsele Minerals
    "[...] We are convinced that we could already leverage significant potential with a drilling program of around 35,000 meters. However, to finance this, we need a decision. Fortunately, there are already interested parties who can imagine advancing Barsele together with us. [...]" Gary Cope, President and CEO, Barsele Minerals

    Full interview

     

    In the current rising inflation, what advantage can Desert Gold Ventures offer its investors and what is the distinguishing factors that separate the company from its peers?

    'Traditionally gold has performed as a hedge against inflation but also as a safe haven during times on extreme market volatility and uncertainty like we are in today. Generally speaking, gold equities like Desert Gold are a proxy to the gold price and react exponentially both to the upside and downside.

    If you think we are at or near a bottom in gold now is the time to seriously look at investments in gold equities. Desert Gold’s stands out from its peers due to our regional SMSZ Project 440km2 land package. From an investment perspective we are trading at a deep discount to our peers from a market/oz gold basis.

    Also, if you look at the way we spend our investors dollars, Desert Gold has by far one of the lowest, if not the lowest, discovery cost per oz gold.'
    Jared Scharf, CEO, Desert Gold Ventures Inc.


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    Der Autor

    Mario Hose

    Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

    About the author



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