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Losing savers, winning gold investors

Putting money aside for old age - a high goal. Especially in today's environment of low interest rates. Investments in gold could provide a remedy

Comdirect Bank puts it in a nutshell: savers lose billions every year. The bank's financial market experts calculated that last year every German citizen incurred an average loss of 470 euros on his savings deposits. After all, that is around 40 billion euros. In 2017 the figure was 34.2 billion euros.

Few savers are aware of the fact that their savings on their savings bank and house bank only bring in bad money. In nominal terms, the savings amount also increases. But the calculation is actually simple, because it is about the loss of purchasing power. It's calculated that way: Interest on the money saved minus the inflation rate. For 2018, the Comdirect experts assumed that there was an average interest rate of 0.19 percent on savings deposits, time deposits and overnight money. However, the inflation rate stood at 1.93 per cent. This meant that Germans had to cope with a loss of purchasing power of 1.74 percent in their savings.

Fatal: The trend is still rising. In the last three months of the year, the deposit rate was 0.17 percent and the inflation rate 2.15 percent, according to the Comdirect experts. Money devaluation thus accelerated to 1.98 percent. That may not sound like much. But over a longer period of time that actually cuts in. Example: 10,000 euros are invested for 10 years. At an interest rate of 0.17 per cent, this will amount to 10,173 euros, according to Comdirect Bank. On the other hand, the inflation rate of 2.15 percent means that the purchasing power of this money melts down to only 8010 euros.

Investors should therefore not only set on their money on the daily money account. Diversification is needed. This should include gold. The precious metal is the epitome of intrinsic value. For thousands of years, gold has braced itself against the loss of purchasing power. For investors who prefer a little more risk, investments in shares of gold companies are also an option. From today's perspective, Treasury Metals and Aurania Resources should be among the fundamentally good stocks.

Treasury Metals - https://www.commodity-tv.net/c/search_adv/?v=298722, a development and exploration company, owns 100% of the Goliath Gold Project in Ontario. The necessary infrastructure is in place and the project is in the permitting process so that production of the approximately 1.3 million ounce gold equivalent is expected soon according to the current resource estimate.

Aurania Resources - https://www.commodity-tv.net/c/search_adv/?v=298803 - is pursuing a special project in the Andes in southeastern Ecuador, the Lost Cities project. Precious metals such as gold and copper are included and drilling results to date have been very encouraging. Aurania Resources also holds three projects in Switzerland (gold, copper, uranium).

Current corporate information and press releases from Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc.html) and Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-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 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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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.

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