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Buying gold on a grand scale

Russia is currently one of the central banks that buys large quantities of gold. India also relies on gold by discussing a gold standard

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Most of the Russian gold buys comes from the mines in the country itself. In March, Russian gold reserves rose again by 600,000 ounces (18.66 tonnes of gold). Since the beginning of January, the gold reserves of the Russian central bank have thus increased by almost 56 tonnes of gold and now amount to around 69.7 million ounces of gold (2,167.91 tonnes). This corresponds to the enormous value of 90.01 billion US dollars.

India is also striving to increase its domestic supply of gold and reduce its need for imports. A meeting of top ministers recently took place on the subject of gold status. India wants to become less dependent on imports. The gold is to be mined in coins or jewellery. Gold is to rise to the asset class. The Indian citizens who melt gold jewellery or coins into bars in special approved refineries are to receive certificates similar to share certificates. Interest should be possible.

Gold has traditionally been considered a safe place to invest in uncertain times. It is estimated that global demand for gold will rise to a four-year high this year, equivalent to around 4,370 tonnes of gold. It is a good thing that there are gold companies that could ensure supplies in the future, such as Treasury Metals or US Gold.
Treasury Metals is on track to bring one of Canada's next gold mines into production with its Goliath gold project. Located in Ontario, the mine is 100 percent owned by Treasury Metals and is already in the approval process. The interests of local groups (Wabauskang First Nation) are taken into account.

US Gold has a number of exploration and development properties and is focused on gold and copper. At the Keystone gold project in Nevada, the investigations in the 20 square kilometre project area were greatly expanded. The similarity with other large gold deposits in Nevada gives reason to hope for large gold discoveries.

Current corporate information and press releases from US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/ 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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