ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
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Blog - Latest News
gold

Gold Considered Haven Asset by Investors

September 5, 2019/in In the News/by Gray Leigh

ETFs for gold seen as safe bets among investing community

Gold is doing well. Indeed, the price of gold has hit a 6-year high, despite the ongoing Sin-US trade war. However, Trump’s anti-China policies could be helping the chemical element’s value. Investors increasingly consider gold a haven asset.

READ: Ultra Lithium Diversifies with Acquisition of Three Gold Exploration Projects in Argentina

Total exchange-traded funds (ETFs) reached nearly 2,500 tons in August 2019. Evidently, the 6-year high is a reflection of the market’s confidence in gold. Virtually all other commodities and sectors are at risk, while gold’s value stands firm.

goldProtection from an economic slowdown

Indeed, this is helped along by an impending recession. Similarly, the China-US trade war and an unpredictable bond market leaves investors searching for security – an invaluable asset.

Moreover, lower interest rates are expected to depreciate the dollar.

Historically, gold’s value rises when the dollar’s falls. This is a good omen for those who stood firm on gold in 2013.

 

.

Bullish on gold

.Goldman Sachs predicted gold will hit $1,600 over the next 6 months.

Consequently, analysts believe the jump is a result of an increase in ETFs.

It appears gold is among the few commodities that doesn’t live and die on global economic growth. Indeed, this thinking fueled Ultra Lithium’s decision to invest in several Argentina gold mining projects.

You can read about them here. For more information on gold, stay tuned to Ultra Lithium.

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Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

 

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LATEST NEWS

  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am
  • Ultra Lithium Inc. Provides Update On Yahua InvestmentOctober 13, 2022 - 4:30 am
  • Ultra Lithium Completes 3,500 Meters Drilling To Date At Forgan Lake And Georgia Lake Lithium Properties Northwestern Ontario Intersecting Lithium Pegmatites With Widths Up To 15 MetersOctober 11, 2022 - 4:00 pm
  • Ultra Lithium Inc. Closes Private PlacementOctober 7, 2022 - 5:00 pm
  • Ultra Lithium Announces Private PlacementSeptember 8, 2022 - 4:30 am

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LITHIUM

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Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
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Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

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CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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