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Again, a central bank buys gold

The National Bank of Poland has increased its gold reserves and wants even more.

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In the next few years, Poland wants to increase its gold reserves by more than 100 tons. For the first time in two years, the National Bank of Poland has just increased its gold reserves by 60,000 ounces of gold to 230.54 tons. This puts the bank in line with the trend, as investments in precious metals are in the spotlight. With the purchase of additional gold, the banks associate a strengthening of the security of the state finances. Gold is also a safe commodity. Likewise, the Hungarian central bank is betting on tripling its gold reserves. The main reason is the crisis in connection with the Covid 19 pandemic. Hungary has already made purchases and has thus risen from 56th to 36th place in the international ranking of countries with gold reserves. Poland, by the way, is in 22nd place.

In total, according to the World Gold Council, central banks added an estimated nearly 70 tons to their gold reserves in April. Like private investors, central banks like the characteristics of gold. It is highly liquid, scarce, and it retains its value, plus there is no credit risk and gold is not liable. It benefits many different buyers because it is a capital investment, jewelry, reserve, or component of technology products. Also, gold and also the shares of gold companies add value to a portfolio.

2020 was an extraordinary year with a strong impact on the economy and social life. Uncertainties and risks became a companion. And with negative real interest rates and the need for many economies to take further fiscal measures, investors should also keep an eye on gold stocks.

Tudor Gold has projects in British Columbia in the Golden Triangle. The flagship Treaty Creek project contains gold, silver and copper. 
Adventus Mining - https://www.youtube.com/watch?v=Cngx_r_ZpPk - operates primarily in Ecuador. The El Domo copper-gold project and the Curipamba District are important. Other projects in Ecuador are being explored with partners.

Latest corporate information and press releases from Adventus Mining (https://www.resource-capital.ch/en/companies/adventus-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/ 

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