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Gold - supply and demand

The World Council has once again published new figures. It's always worth a look.

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Mine production in the third quarter of 2019 was about one percent lower than in the prior-year quarter and amounted to 977.8 tonnes of gold. Gold production in Mexico rose particularly by 11 percent. The increase was mainly due to the re-producing Peñasquito mine. In Australia, gold production rose by around 7 percent. Overall, gold supply increased by four percent in the third quarter as the recycling rate has risen.

So where did all the gold go? Especially in gold-backed ETFs. These reached a new all-time high of 2,855.3 tonnes of gold in the third quarter of 2019, the highest quarterly inflow since the first quarter of 2016, driven by the safe-haven mentality and value preservation concerns. In terms of prices, gold was able to gain ground due to fears of further geopolitical tensions, the low interest rate policy and slower economic growth.

Central banks increased their gold inventories by 156.2 tonnes in the third quarter. Turkey, Russia and China were particularly active here. Buyers were reluctant to buy gold jewellery, as gold had become significantly more expensive. Similarly, purchases of gold bars and coins have decreased over the same period. Here, too, the higher gold price is likely to have had an impact, as well as investors' intentions to take profits with them.

Making a profit, avoiding a loss in value - an investment in gold stocks such as TerraX Minerals or Treasury Metals are a good choice.

TerraX Minerals - https://www.youtube.com/watch?v=GmZpC44kBXY - owns 735,000 ounces of inferred gold in soil from its Yellowsknife City gold project in the Northwest Territories according to an initial mineral resource estimate. The surface of the project has hardly been scratched," says Gerald Panneton, Chairman of the company.

Treasury Metals - https://www.youtube.com/watch?v=_QnPMAyKcPo=3s - is is working hard to make its Goliath gold project one of Canada's next gold mines. General exploration and development expenditures are secured by a recent private placement.

Current corporate information and press releases from TerraX Minerals (www.resource-capital.ch/de/unternehmen/terrax-minerals-inc/) and Treasury Metals (www.resource-capital.ch/de/unternehmen/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 and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages arising from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. For the correctness of all contents however no guarantee is taken over. Despite the greatest care, I expressly reserve the right to make an error, particularly with regard to figures and prices. The information contained herein has been obtained from sources believed to be reliable, but does not claim to be accurate or complete. Due to judicial judgements the contents of linked external sides are to be answered for also (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no express dissociation from these takes place. Despite careful content control, I do not assume any liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/

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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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