Central banks continue to buy gold
Mongolia, for example, has bought in. The gold treasure has grown by 3.1 tons. From January to November Mongolia bought 14.4 tons of gold. The Mongolian central bank regards the purchase of gold as one of the most important instruments for increasing its official foreign exchange reserves. This is to strengthen the country's economic stability. In the medium term, the reserves are to be increased to at least US$ 6.5 billion.
There is also gold mining in Mongolia. Here Steppe Gold has just risen to the ranks of producers with its ATO gold project - https://www.commodity-tv.com/play/steppe-gold-mongolias-next-gold-producer-corporate-video/. Gold production has started and some 300,000 tonnes of ore (2.13 grams of gold per tonne of rock) have already been mined and crushed.
Australia's data on gold reserves are also interesting. Here the information is somewhat confusing. Now at 80 tonnes, but in the November list of the World Gold Council at 68.74 tonnes of gold, the true figures are unclear. Russia has indicated that it now owns 10.2 tonnes more gold than in the previous month. According to official figures, China's gold reserves have remained unchanged. Turkey has once again bought a lot of gold, Serbia, for example, has also increased its gold treasure.
The investor can participate in the success of gold companies with an investment and, just like the central banks, can bet on the precious metal. It could be rewarding to invest in TerraX Minerals - https://www.commodity-tv.com/play/newsflash-96-with-auryn-resources-terrax-minerals-treasury-metals/. 100 percent owned by the Yellowknife City Gold Project in the Northwest Territories, the Company owns 783 square kilometers of best gold land in the Yellowknife Greenstone Belt.
Latest company information and news releases from TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd/).
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/