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Pressemitteilung Box-ID: 1130220

Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Schweiz http://www.resource-capital.ch
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Not only private investors, but also central banks rely on gold

(PresseBox) (Herisau, )
 

The World Gold Council has once again published the latest figures on central bank gold purchases and sales.

In August, some of the central banks were probably on vacation when it came to increasing their gold assets. Because in August, only a few central banks have increased their gold reserves, there were hardly any significant sales. Turkey has bought the most gold so far this year. In August, nine tons of gold were added. In total, Turkey has thus bought about 84 tons of gold in 2022 and the Turkish central bank now owns a total of 478 tons according to official figures. Uzbekistan was also in a buying mood in August, also adding nine tons of gold to its gold reserves. Thus, Uzbekistan bought as much gold as in the previous two months. And that after the country sold almost 25 tons at the beginning of 2022. There has probably been a rethink in favor of gold.

Looking at Qatar, the numbers are still unclear - Qatar is in the interest of many due to the upcoming sporting event - but the gold reserves have probably increased. If so, this would be the fifth month in a row that Qatar has added gold. In total, as of the end of July, Qatar holds 72 tons of the precious metal, up about 27 percent, or 16 tons of gold, from the beginning of the year. Central banks have always liked to hoard gold as a hedge. Even if there has been a bit of a summer lull now, gold buying may pick up soon and be indicative for private investors as well. In addition to physically owning gold, private investors can add a few stocks of gold companies to their portfolio, such as Tarachi Gold, Trillium Gold Mines or Vizsla Silver.

Tarachi Gold has a second project there, in addition to its promising Tarachi project in Mexico, that will soon produce gold.

Trillium Gold Mines - https://www.youtube.com/watch?v=5ILnR9Y6Vfc - is taking care of prospective properties in the Red Lake district of northern Ontario.

In Mexico, Vizsla Silver - https://www.youtube.com/watch?v=Dn_KRPL6GDM - is working on its Panuco silver-gold project. High-grade ore veins have already been found.

Current corporate information and press releases from Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-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/

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Für die oben stehenden Pressemitteilungen, das angezeigte Event bzw. das Stellenangebot sowie für das angezeigte Bild- und Tonmaterial ist allein der jeweils angegebene Herausgeber (siehe Firmeninfo bei Klick auf Bild/Meldungstitel oder Firmeninfo rechte Spalte) verantwortlich. Dieser ist in der Regel auch Urheber der Pressetexte sowie der angehängten Bild-, Ton- und Informationsmaterialien. Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an service@pressebox.de.