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Central banks take advantage of low gold price

For the first time in 20 years, the Polish Central Bank has struck and bought gold.

The official gold reserves were increased by nine tonnes, or 355 million US dollars. This is, after all, the largest purchase made by any EU country in this century. Even if the Polish central bank did not say anything about the reasons, one important reason might be the diversification of the currency reserves and thus away from the US dollar and the Euro.

In general, buying gold for central banks seems to have just come into fashion. Russia, Turkey and Kazakhstan have also bought gold this year. And India imported twice as much gold in September as in September 2017, namely 93.8 tonnes. In August, more than 90 tonnes of gold had already been purchased from India. The Bundesbank in Germany, on the other hand, has not bought any gold in recent years, but has recovered about half of the gold stored abroad.

In 2018, the central banks increased their gold reserves by a total of 264 tonnes of gold. Should even more central banks make similar decisions, this is certainly not bad for the gold price. Perhaps one should do the same with the central banks and bet on gold or gold companies. Treasury Metals or Revival Gold, for example, could be considered.

Treasury Metals‘ flagship project Goliath is located in Ontario - https://www.commodity-tv.net/c/search_adv/?v=298478. It scores with excellent infrastructure, an estimated 1.14 million ounces of gold and approximately two million ounces of silver. Initially an open pit mine will be built, later an underground gold mine. Production is scheduled to start in 2019.

Revival Gold is drilling at the Beartrack Gold Project located in Lemhi County, Idaho. The Company has also commenced drilling on the adjacent Arnett Gold Project. Revival Gold's portfolio also includes the Diamond Mountain Phosphate Project in Utah, which is at an advanced stage.

Current company information and press releases from Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-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: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

Always up to date with the newsletter from SRC

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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