Investors hungry for gold bars and coins
Already in 2020, the demand for gold rose sharply. This was also shown by the run on the gold ETFs
Receive up-to-date information about the company directly via push notification
In the US, retail investment in 2019 was about 20 tons of gold. The following year, 66 tons went to investor interest. In terms of value, gold bullion and coin demand rose to approximately $3.8 billion, the highest level since 2011. And according to the U.S. Mint, this demand trend continues. In January 2021, gold eagle gold coins totaling 220,000 ounces of gold crossed the counter. This represents the strongest January sales this century, and February sales were similar.
Investing money in gold has now become very popular. One reason was certainly the Corona fear factor that hit last year. Had there not been various closures of mints, refineries or airports, more bars and coins would certainly have been sold. According to the U.S. Mint, so far, the pace of demand for physical gold continues unabated. Even if many have to accept financial losses due to the pandemic, the severely restricted life has also saved some money - which can then flow into gold investments, for example. Fears of inflation and a sharp rise in the price of gold in the past year has certainly attracted additional investors.
Gold companies that are high quality should also attract more investors, such as CanaGold and Condor Gold.
CanaGold - https://www.youtube.com/watch?v=UXfEnIBz_PE - owns the extremely high-grade New Polaris gold project in British Columbia, as well as other gold projects.
In Nicaragua, Condor Gold is in prospective historic territory with its La India gold project.
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/