Investor interest in gold unbroken
In 2011 the situation was different: physical demand reached a peak. China and India were strong gold buyers. Today, supply and demand from the Asian region dominate less, but the environment - negative and falling real interest rates, weak US dollar, uncertainties - is driving the gold price through Western investors. Jewellery made of gold is not in great demand at the moment, but nevertheless the price of gold has risen by more than 34 percent since the beginning of the year. Especially the physically deposited gold ETFs have risen strongly.
It is investor interest that is growing and is responsible for price increases. The World Gold Council has published data in this sense in a report. Gold bars and coins have not been in such high demand in India, the Middle East and China in recent months. Economic uncertainties triggered gold sales, mind you, physical gold. By contrast, gold was in demand in Turkey, Europe and the USA in the first half of the year. After all, demand here was about 40 per cent higher than in the first half of 2019.
Especially the Europeans, mainly from Germany, Austria, Great Britain and Switzerland bought up to 137 tonnes of gold in the first half of the year, the largest amount since the Euro crisis. In the USA about four times as much gold went over the counter in the same period as in the previous year (first half year).
The interest of institutional investors has risen significantly. For they too have recognised that gold is an excellent diversification for portfolios. Two gold stocks with great potential are Tarachi Gold and Skeena Resources.
Tarachi Gold - https://www.commodity-tv.com/ondemand/companies/profil/tarachi-gold-corp/ - has "great potential in the shadow of the giants". It is a gold development and discovery company with the option to acquire 100 percent of high grade mineral concessions in northwest Mexico, in Sonora. The nearby "Giants" are two large producing mines.
Skeena Resources - https://www.commodity-tv.com/ondemand/companies/profil/skeena-resources-ltd/ - is focused on the formerly producing gold and silver mines Snip and Eskay Creek in British Columbia. A major shareholder will soon be Barrick Gold.
The latest corporate information and press releases from Skeena Resources (https://www.resource-capital.ch/de/unternehmen/skeena-resources-ltd/ ).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the companies addressed in each case and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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