China's gold market
Since 2013, China is the largest market for gold bars and gold coins. The established good reputation of the banks plays a decisive role in this
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The World Gold Council has studied the Chinese gold market in detail. The Chinese investors are strongly backing the precious metal. Gold bars are in third place, followed by gold coins and gold jewelry. Particularly safe investments are in demand, such as gold, insurance and savings accounts. In the case of gold, 72 percent of the Chinese are already invested. That is a lot, but there is still a lot of room for improvement.
Chinese banks made gold products readily available nationwide. As a result, non-physical gold products such as gold ETFs and gold stocks became increasingly popular and even led to a decline in physical gold sales by banks. The World Gold Council currently sees a good economic environment for the banks to revive their gold business. After all, investment demand should be good in the medium term.
This is mainly due to low interest rates, feared inflation scenarios and global uncertainties. Demand for gold bars and coins rose sharply in the third quarter. Wealthy Chinese and increasingly young investors want to preserve and increase their assets with gold investments.
In this country, too, zero and low interest rates are gnawing away at the assets of every individual. An investment in gold or with a leverage in gold shares comes into question, for example in Victoria Gold or Bluestone Resources.
Victoria Gold - https://www.commodity-tv.com/play/victoria-gold-reached-commercial-production-at-the-eagle-gold-mine/ - was able to bring the Eagle Gold Mine in the Yukon up this year. It is located in Victoria Gold's 100% owned Dublin Gulch gold property, which covers 555 square kilometers.
Bluestone Resources - https://www.commodity-tv.com/play/bluestone-resources-virtual-roadshow-investor-presentation-august-2020/ - owns the Cerro Blanco gold project and the Mita geothermal project in Guatemala. Recent drill results have returned up to 1,380 grams of gold over 1.2 metres at Cerro Blanco.
Current company information and press releases from Victoria Gold (
www.resource-capital.ch/en/companies/victoria-gold-corp/)
and Bluestone Resources (www.resource-capital.ch/en/companies/bluestone-resources-inc/).
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