Arguments for gold investments
Holding premiums for bonds instead of interest are just one of the arguments in favour of gold
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The exit of the Brexit is still open. Currently, the leaving date has been moved to 31 January. This is just one of the factors that affect the price of gold. There are still uncertainties from a trade policy perspective. As long as the trade conflict entails risks for the economy and the financial markets, the safe haven of gold will be increasingly headed for. Meanwhile, monetary easing is continuing.
A further risk for the markets is the enormous global debt. In the meantime, around 260 trillion US dollars have accumulated. Weak currencies threaten in the coming years and if currencies are weak, then gold is strong. According to the EU Commission's assessment, next year eight EU states will be threatening to violate the Euro Stability Pact.
The central banks' hunger for gold is also unbroken. At the end of the third quarter of 2019, gold purchases were already 18 percent above the level of the previous year. China, Turkey and Russia in particular are buying heavily. This is because both investors and central banks appreciate the value preservation and diversification function of the precious metal.
Investments in gold also include investments in gold companies with solid projects in favourable mining regions, good management and sufficient funds. For example, TerraX Minerals - https://www.commodity-tv.com/play/newsflash-96-with-auryn-resources-terrax-minerals-treasury-metals/ - with its Yellowknife City gold project in the Northwest Territories. The 100% owned mine has the best infrastructure and a mineral resource estimate of 735,000 ounces of gold in the inferred category.
Treasury Metals - https://www.commodity-tv.com/play/treasury-metals-environmental-permit-granted-next-step-pre-feasibility-study-project-financing/ - owns the promising Goliath Gold Project in Canada, Ontario. Every year about 88,000 to 100,000 ounces are to be extracted from the ground. Three further gold projects in Ontario and a polymetallic project in British Columbia round off Treasury Metals' portfolio.
Current corporate information and press releases from TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/).
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