How precious metals travel around the world
In normal times, millions of dollars worth of gold bars travel in the holds of commercial airliners. Often, they are only a few meters away from the passengers without them knowing it. Once the gold bars have reached their destinations, they are transported in armored vehicles to vaults or refineries.
But times are not normal right now. The restrictions on air traffic have made the industry look for alternative ways. For example, the London gold market has considered allowing deliveries to other cities. Because even if there was room on an airplane for the precious cargo, things for medical care often have priority. Whereas it used to be possible to deliver gold within 24 hours, for example from Malca-Amit Singapore, it now takes 48 to 72 hours and costs have also risen. Because extra planes are chartered.
A German refinery, which used to transport gold bars to Poland by security truck, for example, has switched to transport by air. The costs have risen by 60 percent as a result.
The worldwide transport of gold, silver and other precious metals was certainly not of great interest before the Corona period. On the other hand, there are no logistics problems when buying gold shares. These are easy to acquire, only the promising candidates have to be picked out. Promising candidates are certainly Aurania Resources or Osisko Gold Royalties.
Aurania Resources is using the latest technology on its flagship The Lost Cities Cutucu project in Ecuador: https://www.commodity-tv.com/play/aurania-resources-supporting-indigenous-shuar-with-food-lidar-results-show-possible-veins/. For example, it is possible to look through the jungle from an airplane and take important pictures of the sedimentary rock.
Osisko Gold Royalties - https://www.commodity-tv.com/play/newsflash-with-osisko-gold-royalties-gold-terra-resources-and-caledonia-mining/ - is a large royalty company that is already diversifying due to its many licensing agreements and precious metal purchases.
Recent company information and press releases from Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/) and Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-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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