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Italy and the Gold

According to the Italian daily La Stampa the coalition government of the country wants to sell part of its gold reserves

After the USA and Germany, Italy is the third largest gold owner in the world. It's more than 2,451 tons of gold. With the statements of the coalition government, Italy is entering a fight for gold. Because the question is who really owns it, not necessarily the state. According to the Banca d'Italia, 1,199 tons of gold will be stored in Rome and the other part in New York. Now there would be a draft law, which would bring the state directly into the possession of all the gold.

500 to 600 tons are to be sold, generating revenues of 16 to 20 billion euros over the next four to five years. Italy may need an additional budget urgently. Because the gold still belongs to the Banca d'Italia. It should not be certain whether Italy's gold reserves are really that high. Because in the 1990s and 2000s, unlike today, many central banks rich in gold sold gold - perhaps even Italy.

In any case, there are a number of places in Euroland that are boiling. In Spain, tens of thousands are demonstrating against the government, the Brexit negotiations are not progressing either, and in Italy the dispute is over who owns the gold. The price of the precious metal is currently stable, at more than 1,308 US dollars the troy ounce. Investors should also invest part of their assets in gold companies such as Osisko Gold Royalties or Auryn Resources.

With Osisko Gold Royalties - https://www.commodity-tv.net/c/search_adv/?v=298720, an investor brings shares of a precious metal licensing company into his portfolio, which it has in itself. With participations, streams and license fees (Malartic Mine, Falco Resources, etc.) you earn well. At the end of 2018, the Company had approximately $1 billion in cash, equity investments and credit facilities available for the acquisition of royalties and streams.

Auryn Resources - https://www.commodity-tv.net/c/search_adv/?v=298815 - focuses on high grade gold projects, Committee Bay and Gibson MacQuoid in Nunavut, Homestake Ridge in British Columbia and other gold copper projects in Peru.

Current company information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd.html) and Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc.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 English 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: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

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 info@resource-capital.ch. 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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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