Gold is the second most liquid commodity on earth
Currently, the US dollar is at its highest level in a year compared to other currencies. This is not so positive for exporters and for the price of gold and other commodities that are traded in US dollars. So gold is closely linked to the US dollar. Investors should not underestimate this. But investors should also remember that gold is one of the most heavily traded assets in the world. Until recently, at least according to industry expert Frank Holmes, gold was the fourth most liquid asset. According to the latest data from the World Gold Council, gold has now moved up to second place, just behind S&P 500 stocks.
For the daily average trading volume of precious metals for a year to September 28 reached $ 183 billion. The World Gold Council's research uses gold liquidity data, global commodity exchanges, over-the-counter (OTC) markets and gold-backed ETFs. With consumer prices currently rising sharply and various uncertainties in world affairs continuing to prevail, gold could become even more of a focus for investors.
The fact that gold is so highly liquid is an advantage, because it means there are many buyers and many sellers, so the desired prices converge more. And gold is not only liquid, but also the ultimate liquidity reserve of all. With that, it's also worth looking at gold companies.
For example, Fiore Gold - https://www.youtube.com/watch?v=4wzUoeJmHrM - and its Pan Mine in Nevada, which is producing successfully. There are other projects in Washington, Nevada and Chile.
In Zimbabwe, Caledonia Mining - https://www.youtube.com/watch?v=XkYjo1T4diE - has been producing gold for years. The company has just bought the Maligreen property with two historic open pit mines.
Current company information and press releases from Fiore Gold (www.resource-capital.ch/en/companies/fiore-gold-ltd/) and Caledonia Mining (www.resource-capital.ch/en/companies/caledonia-mining-corp/).
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