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Central banks love gold - that should give some food for thought

In 2018, the central banks increased their gold inventories sharply. The underlying motives should continue to take hold in 2019 and support the gold price.

According to the World Gold Council, 16 central banks have increased their gold holdings extremely. One of the biggest gold buyers was Russia. Hungary has struck for the first time since 1986. Turkey, Morocco, Iraq, Kazakhstan and even India have also increased their reserves.

That the central banks bought so much gold this year is no coincidence. For thousands of years, gold has proven itself as a hedge against crises, uncertainties and political imponderables.

Hungary was particularly keen to buy - with an increase from 3.1 to 31.5 tonnes of gold. There are also impressive figures from Morocco - 3.3 tons of gold turned into 22.1 tons of gold. Incidentally, there are still a number of countries that have nothing to say about their gold reserves. These include Iran, North Korea and Iran, for example. According to official figures, China has not bought any gold for 25 months. Whether that's true or not is written in the stars.

Gold is therefore more popular than ever with central banks. As an investor, you should hold in a well diversified portfolio not only gold in physical form but also well selected stocks of gold companies. One might think of Auryn Resources or Orsu Metals.

Auryn Resources - https://www.commodity-tv.net/c/search_adv/?v=298762 - is still a junior mining exploration company, but has an excellent track record of projects. This includes gold projects in British Columbia, Peru and Nunavut. A very experienced management team and the presence in mining friendly regions are a plus.

In Russia, in Eastern Siberia, Orsu Metals - https://www.commodity-tv.net/c/search_adv/?v=298670 - works on its Sergeevskoe gold project, 90 percent of which is owned by the company itself. Recent drilling has returned excellent gold grades and up to 35.15 grams of gold per ton of rock. Also, to the delight of Orsu Metals, a brand new discovery was made which, together with the already known deposit, forms a single large system.

Current corporate information and press releases from Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc.html).

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 English 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.html 

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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.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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