Countering the decline in interest rates
German private households have suffered net interest losses of 358 billion euros since the beginning of the low-interest phase. Looking at deposits, insurances and bonds, the loss amounts to 648 billion euros. For the current year, the value of interest-bearing financial assets is expected to fall by up to 50 billion euros. On the other hand, there are savings by borrowers, which, however, only amounted to 290 billion euros in the last ten years.
This was all caused by the ECB lowering key interest rates in response to the sovereign debt and financial crisis. And there is no end in sight to this development, which has been going on for about ten years. Weaker economic growth in Europe, the trade war between China and the USA, between the USA and other countries and the uncertain outcome of the Brexit are putting too much strain on the economy.
This is compounded by the disagreement over Italian public finances and the nuclear dispute between the USA and Iran.
At its last meeting, the ECB announced that it would extend the promise of unchanged key interest rates until at least 2020. For the last quarter of 2019, many industry experts expect a further rate cut. So it's no wonder that the price of gold is profiting and just taking off, because gold is a proven means of preserving value and the opportunity costs are currently non-existent.
If you want to leverage the gold price, you should take a look at the gold companies, for example White Gold or Osisko Gold Royalties.
In the White Gold district of the Yukon, White Gold - http://www.commodity-tv.net/c/search_adv/?v=298911 - owns nearly 440,000 hectares of best gold land, with partners Agnico Eagle Mines and Kinross Gold. According to the recent resource estimate update, there are indicated mineral resources of more than one million ounces of gold here.
With Osisko Gold Royalties - http://www.commodity-tv.net/c/search_adv/?v=299134, you bring shares of a royalty company into your depot, which invests in projects and companies that are carefully selected. Osisko Gold Royalties is on the road to success with precious metal purchases and royalties, for example to Falco Resources, Barkerville Gold or the Canadian Malartic Mine.
Current company information and press releases from White Gold (www.resource-capital.ch/en/companies/white-gold-corp/) and Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-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.
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