Northern Irish seek their salvation in gold
In Northern Ireland, a private safe company was able to make a big killing last year. For the Northern Irish bunkers gold
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The private locker operator recorded 70 per cent more customers in 2018, thanks to customers in Dublin who bet on gold. Because they fear a hard Brexit and a devaluation of the pound connected with it. Gold, on the other hand, promises security and gains value. In Dublin, gold bars are now stored in 3,000 permanently installed safes.
If the Brexit deal is not concluded by the end of March, a tough EU exit is to be expected, with negative consequences for the economy. When the Brexit vote came on the table in 2016, the price of gold rose. At the same time, the pound sterling plummeted. The fact that the rush for gold is not yet much bigger is probably due to the fact that a happy outcome is expected at the last minute.
But if it comes to a hard landing, then the safe haven gold will experience a strong influx. Many industry experts also assume that the FED's decision not to raise interest rates so quickly - when it comes - will drive up the price of gold significantly. The dubious policies of the central banks and the existing global crises should push more and more investors into gold investments.
For investors who are a little more willing to take risks, the stocks of successful gold companies such as Osisko Gold Royalties or Caledonia Mining are also suitable. Osisko Gold Royalties - https://www.commodity-tv.net/c/search_adv/?v=298720 - is one of the precious metal licensing companies. Money is earned here through precious metal purchases, streams and royalty agreements (as at the Canadian Malartic mine). There are investments in companies such as Osisko Mining, Barkerville Gold Mines and Falco Resources.
Caledonia Mining - https://www.commodity-tv.net/c/search_adv/?v=298787 - has been successfully mining gold at its blanket mine in Zimbabwe for years. Around 54,500 ounces of gold were mined in 2018. As of 2021, approximately 80,000 ounces per year are to be extracted from the ground as a result of various expansion work at the mine. The company's stake is currently 49 percent - 51 percent is held by domestic investors - but is to be increased to 64 percent.
Current company information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd.html) and Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp.html).
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