- The inflation rate in the United States for the 12 months ending February 2022 was 7.9%, the highest it has been since January 1982
- In addition to the rise in inflation, the price of gold has risen to levels not previously seen
- StraightUp Resources Inc. looks to capitalize on this growing price and looks to benefit from it given its investments in properties with a rich history of gold production
Although today there are a number of investments being touted as the best hedges against inflation, the current high rate of inflation, and its long-term prospects for continuing, together with a variety of geopolitical risks, have led investors to take another look at gold. The current inflation rate in the United States for the 12 months ending February 2022 stood at 7.9%, the highest since January 1982 (https://ibn.fm/uSmXi). In addition, the inflation-adjusted value of gold has been touching record high levels. It is further projected that the value will continue to rise given the uncertainty in Europe with the Russia-Ukraine conflict (https://ibn.fm/j6gF0).
StraightUp Resources (CSE: ST) (OTCQB: STUPF) stands to be one of the beneficiaries of the growth in gold’s value. With its flagship property located in the Red Lake Mining District of Ontario, known for…
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://ibn.fm/STUPF
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