Asia craves gold again
China and India want gold again. Gold imports by India, the world's largest gold consumer, are the highest they have been in almost eight years. In March, 82.6 tons of gold landed in India, coming from Switzerland. How the just enormously rising Covid 19 pandemic numbers will affect this rising gold demand is still uncertain. China is also just responsible for increases from the gold refining center of Europe, Switzerland. About 75 tons of gold are said to be allowed to be imported monthly. In February, China resumed gold purchases. Approximately $600 million per month has been spent by China on gold imports since the beginning of 2020, which is about ten tons. As recently as 2019, about 75 tons of gold were brought into the country per month.
With the pandemic over, China also returned to its strong gold demand. Gold bars, coins and jewelry have been in demand again since the second half of 2020. India's and China's reawakened appetite for gold should support the gold price and be able to counteract a possible price decline. Overall, the upward trend in the price of the precious metal seems to be intact. Especially in recent weeks, the price of gold has recovered and recovered losses. Those who want to bet on the bull market can do so with well-positioned gold companies.
Fiore Gold or Ximen Mining, for example, could be considered.
Fiore Gold - https://www.youtube.com/watch?v=4qm1R9MiQzw - extracted nearly 11,000 ounces of gold from the ground in the second quarter of 2021. Fiore Gold's Pan open pit mine in White Pine County, Nevada is responsible for this. The nearby Gold Rock project is also moving forward. Nevada is gold and silver country in the USA.
In Canada, however, Ximen Mining - https://www.youtube.com/watch?v=5d7nnbs8a34 - owns two high-grade gold projects, both in British Columbia. In addition, Ximen owns a silver project. With control of the Kenville project and a just acquired royalty on the Greenwood Mining Camp, Ximen Mining has a nice and prospective portfolio.
Latest corporate information and press releases from Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/).
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