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Everyone wants gold

Among the central banks, Turkey in particular increased its gold holdings

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In April Turkish gold reserves rose by 32.8 tonnes. Gold now accounts for about 40 per cent of the currency reserves. Serbia and Ecuador also bought in. There were reductions in the euro zone or Kazakhstan, for example. The USA is still in the lead, followed by Germany. The United Arab Emirates also recorded an increase in gold reserves. According to the World Gold Council, the Emirates were the third largest gold buyers on earth in January and February. 

It is generally assumed that central banks will remain net buyers in 2020. And advisors to the rich are also advising more gold. Banks no longer recommend their customers to hold little or no gold at all, but rather advise them to fill around 10 percent of their portfolios with gold. According to Reuters, nine major banks, which manage a good six trillion US dollars for the extremely rich, have recommended increasing investments in gold.

Since the beginning of the year, the price of the coveted precious metal has risen about 14 per cent and many, like the big banks, are betting that the rally will continue. It is important to remember that the gold market is worth just under five trillion US dollars and the bond and stock markets around 200 trillion US dollars. A shift of investments towards gold can therefore act as a strong price driver for gold.

Therefore, it is obvious to deal with the gold companies that own the gold in their projects. 

Vizsla Resources is making good progress with its Panuco silver-gold project in Mexico: https://www.commodity-tv.com/play/newsflash-with-vizsla-resources-oceana-gold-goldmining-endeavour-silver/. Located in the epithermal belt of the Sierra Madre, the mine is only about 80 kilometres from the San Dimas mine. Extensive infrastructure with roads, electricity and a skilled workforce is in place.

Treasury Metals, the owner of several projects in Canada, has the Goliath gold project in Ontario as its top priority: https://www.commodity-tv.com/play/newsflash-with-rnc-minerals-karora-resources-auryn-resources-and-treasury-metals/. The infrastructure is excellent, and the project will initially be operated in open pit mining.

Current company information and press releases from Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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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.

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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