Central banks are increasing their gold holdings. Private investors cannot avoid gold either.
Just a few years ago, central banks often reduced their gold reserves, but this has changed. Gold is more popular than ever, just look at the price trend. Around 2.7 trillion US dollars are hoarded by central banks today. Their reserves amount to around 12.3 trillion US dollars, according to the IMF. The reasons for this are concerns about financial crises, political risks, economic stability and inflation. The loss in value of the US dollar is also to be offset and currencies supported. The period of money printing has not done the value of many currencies any good. The USA has accumulated more than 35 trillion dollars in national debt. In absolute terms, this is the largest debt worldwide.
The fact that currencies have lost much of their value has prompted Russia and China in particular to buy gold aggressively. In recent years, these two countries have soaked up around half of the total tonnage of gold bought worldwide. The trend of central banks buying gold will continue, according to unanimous opinion. This is because gold is now also considered a strategic asset. Overall, central banks own around 17 percent of the gold ever mined. And this share is likely to increase, as geopolitical risks, so-called black swans, exist and may increase.
In contrast to paper money, gold and silver have an intrinsic value that can be relied upon. Hungary, for example, relies on gold, as it has the highest gold reserves per capita in Central and Eastern Europe with 110 tons. Qatar, Singapore, Uzbekistan, Kazakhstan, India, Turkey and India have also been particularly eager buyers of gold in recent years. The front runner is Russia. Private investors can also bet on the precious metal with the shares of gold companies. The producers Calibre Mining and Fortuna Mining would be a good choice.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ -, with its mines in the USA and Nicaragua, is a medium-sized gold producer and is also debt-free. A pleasing gold production of 230,000 to 240,000 ounces is expected for the full year 2024.
Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - is active in Mexico, as well as in Peru, Burkina Faso, Argentina and the Ivory Coast. Production of 457,000 to 497,000 ounces of gold equivalent is expected for the current year.
Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -) and Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Just a few years ago, central banks often reduced their gold reserves, but this has changed. Gold is more popular than ever, just look at the price trend. Around 2.7 trillion US dollars are hoarded by central banks today. Their reserves amount to around 12.3 trillion US dollars, according to the IMF. The reasons for this are concerns about financial crises, political risks, economic stability and inflation. The loss in value of the US dollar is also to be offset and currencies supported. The period of money printing has not done the value of many currencies any good. The USA has accumulated more than 35 trillion dollars in national debt. In absolute terms, this is the largest debt worldwide.
The fact that currencies have lost much of their value has prompted Russia and China in particular to buy gold aggressively. In recent years, these two countries have soaked up around half of the total tonnage of gold bought worldwide. The trend of central banks buying gold will continue, according to unanimous opinion. This is because gold is now also considered a strategic asset. Overall, central banks own around 17 percent of the gold ever mined. And this share is likely to increase, as geopolitical risks, so-called black swans, exist and may increase.
In contrast to paper money, gold and silver have an intrinsic value that can be relied upon. Hungary, for example, relies on gold, as it has the highest gold reserves per capita in Central and Eastern Europe with 110 tons. Qatar, Singapore, Uzbekistan, Kazakhstan, India, Turkey and India have also been particularly eager buyers of gold in recent years. The front runner is Russia. Private investors can also bet on the precious metal with the shares of gold companies. The producers Calibre Mining and Fortuna Mining would be a good choice.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ -, with its mines in the USA and Nicaragua, is a medium-sized gold producer and is also debt-free. A pleasing gold production of 230,000 to 240,000 ounces is expected for the full year 2024.
Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - is active in Mexico, as well as in Peru, Burkina Faso, Argentina and the Ivory Coast. Production of 457,000 to 497,000 ounces of gold equivalent is expected for the current year.
Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -) and Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
