Central banks increase their gold treasures
The National Bank of Poland bought 100 tons of gold in the form of gold bullion in London in 2019 and then immediately had it flown to Warsaw. Now Poland's central bank plans to buy another 100 tons of gold in 2022. If one was already surprised in view of the purchase in 2019, so also this time. Confirmed the renewed purchase has already the President of the Polish Central Bank, Adam Glapiński, who is also an economics professor. Poland currently has 230 tonnes of gold reserves.
Russia can call 73.9 million ounces of gold its own, the equivalent of about 2,300 tons. Now about 3.1 tons have been added. Last September, about 100,000 ounces of gold were added. If the Bank of Russia still announced at the beginning of 2020 that it did not want to increase the gold reserves any further, Russia has apparently decided otherwise. Gold in the form of bars or coins is immortal, it will never perish. Currencies, on the other hand, can diminish in value or, in the worst case, even disappear altogether. The fact that gold coins or bars can be counterfeited is nothing new, this was already attempted in earlier centuries. Gold has retained its value. The printing of money, as is happening in our time, diminishes the value, but people seem to have got used to it.
But that should not be the case. Therefore, a well-diversified portfolio should also include the stocks of solid gold companies, such as Adventus Mining or Aguila American Gold.
Adventus Mining - https://www.youtube.com/watch?v=S-yOuL-Cj8Y - is particularly active in gold and copper in Ecuador. The focus is on the El Domo project and the Curipamba district.
Aguila American Gold - https://www.youtube.com/watch?v=XkYjo1T4diE - owns a promising gold project with its Wusa project in Oregon. The project covers almost 70,000 hectares of land.
Current corporate information and press releases from Adventus Mining (www.resource-capital.ch/en/companies/adventus-mining-corp/).
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