Germans love gold, especially in recent years private gold ownership has increased enormously. A good 250 tons were added in the past two years alone. Whether bars, coins or jewellery, around 6.5 percent of the world's gold stocks are in the hands of Germans. This is about 8,918 tons of gold.
For comparison, the German Bundesbank owns 3,370 tons of gold, the US Federal Reserve brings it to 8,130 tons of precious metal. 39 percent of the German citizens' private gold treasure is safely stored in bank lockers. According to surveys, about three quarters of those who have bought gold in recent years want to buy more gold in the future. A major reason is certainly the political uncertainties.
And the Germans can afford to get their hands on gold, because they are becoming increasingly wealthy. The Bundesbank survey, which takes place every three years, was currently carried out and the average value of the assets after deduction of debts amounts to 233,000 euros.
Investing part of your assets in physical gold is certainly not a bad idea. However, those who are not entirely risk averse and would like to leverage the price of gold should fancy investing in shares of solid and successful gold companies. For example Osisko Gold Royalties or Steppe Gold could be considered.
Osisko Gold Royalties - http://www.commodity-tv.net/c/search_adv/?v=299134 - is a precious metal company that earns with Royaltys (for a one-time payment to a mine for financing, Osisko Gold Royalties then receives a certain percentage of the gold produced). In addition there are streams and precious metal take offs. Through a silver stream facility with Falco Resources, for example, Osisko Gold can receive up to 100 percent of the silver produced on Horne 5 in Quebec.
Steppe Gold - http://www.commodity-tv.net/c/search_adv/?v=299041 - wants to start producing gold on its ATO gold project in Mongolia this year. High gold contents and low production costs are a big plus of the project.
Current company information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd.html).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting 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. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents 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/en/disclaimer/