Doing it like the central banks
In Japan, for quite some time (since 2001), gold reserves have increased again, according to the World Gold Council. An increase of 80.8 tons of gold was accounted for by the Japanese central bank. Hungary announced a tripling of its gold reserves in early April. The U.S. ranks first in the list published by the World Gold Council with 8,133.5 tons of gold, followed by Germany with 3,362.4 tons of gold. China is in seventh place with 1,948.3 tons of gold.
Gold reserves have also increased in Turkey, Kazakhstan and India. There are also some countries that do not publish regular gold reserves, such as Iran, Israel and North Korea. According to the latest calculations, there are now 35,228.3 tons of gold reserves worldwide. Gold reserves are a part of a country's international currency reserves. In the wake of the 2008/2009 financial crisis, central banks, which were primarily net sellers of gold, became net buyers. At that time, the money supply was greatly expanded, and government debt was high.
Today, governments have accumulated immense mountains of debt, and money is being printed. Likewise, the central banks of many emerging nations want to diversify and increase their gold reserves. Just as governments seek diversification to increase their gold reserves, private investors should also include gold in their focus, especially well-positioned gold companies with solid projects. Here, one might think of Skeena Resources or Tudor Gold.
Skeena Resources - https://www.youtube.com/watch?v=lb62DOQHXpo - is exploring the past-producing Snip gold mine in British Columbia's Golden Triangle. A feasibility study for the Eskay Creek gold property, also located there, is expected to be completed by early 2022.
Tudor Gold - https://www.youtube.com/watch?v=AEZdKJ0pAFg - has four projects, also in the Golden Triangle. The main Treaty Creek project (gold, silver, copper) is operated with partner Teuton, with Tudor Gold holding 80 percent and being operator.
Current corporate information and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/).
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