German savers are getting poorer and poorer
If more is saved, the saved money grows, but not through interest, but through further savings. On average, every citizen has lost 380 euros in 2019, because the saved euros end up in the checking account or call money account and there the return is missing, according to a study by Professor Oscar A. Stolper from Marburg.
And so, we end up with the incredible sum of 130 billion euros in losses, with around 100 billion euros of this occurring between 2017 and 2019. This is because the real rate of return, i.e., interest minus the inflation rate, has almost always been zero over the last 20 years. Added to this is the dilemma of making private provision today for the time after working life. Not an easy thing to do.
It is clear that women are particularly affected by a pension gap, with child-rearing periods, part-time jobs and lower salaries gnawing away at pension prospects. After all, the number of future pensioners has to be financed by an ever-decreasing number of employees.
Yields are therefore in demand, but this is hardly achievable with the low interest rate policy. Many savers have now realized that there is nothing to be gained from a traditional savings account. Investors are increasingly recognizing that securities are a suitable form of investment.
Therefore, one could look at the shares of well-positioned companies that own the value vehicle gold in the ground. For example, there is Fiore Gold or Maple Gold Mines.
Maple Gold Mines - https://www.youtube.com/watch?v=QuxZIOYR5TA - now has Agnico Eagle Mines as a joint venture partner in its Douay gold project in Quebec. Agnico Eagle, a well-known and strong partner, is contributing its Joutel project as well as money for joint exploration.
Fiore Gold - https://www.youtube.com/watch?v=7SP1_IgXkhk - is already producing at its Pan property in Nevada. The nearby Gold Rock project is state-permitted and has a mineral resource estimate. The two mines can share management and infrastructure.
Current corporate information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/) and Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/).
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.
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