Now gold shares instead of physical gold
In Switzerland, known as a producer of gold bars, three of the major bar producers have had to cease operations, but there are still gold stocks
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Just now, when many want to buy gold bars, three of the most important producers of gold bars in the Canton of Ticino have had to close down - because of Corona. 30 to 50 percent of all newly cast gold bars come from Switzerland. There is a shortage of gold bars, even of otherwise not so popular historical gold bars with such common weights, as well as coins.
Degussa or Pro Aurum, for example, currently see an enormous demand for physical gold. In some cases, there is more demand than in record times such as 2011. If crises, inflation or currency depreciation threaten, people have always liked buying gold. After all, ownership also gives a feeling of security. However, fees or surcharges - currently not exactly low - have to be paid when buying.
But it is comparatively easy to invest in gold that is still in the ground. This can be done with shares of gold companies. Gold shares also offer leverage on the gold price. If the price of gold rises, the shares of the gold companies rise all the more. The current losses - some shares have halved - will probably soon be a thing of the past again.
And stocks such as White Gold or Auryn Resources, for example, will once again give investors pleasure. White Gold owns the White Gold property in the Yukon, which covers around 422,000 hectares: https://www.commodity-tv.com/play/white-gold-intercepts-significant-gold-values-around-golden-saddle/.
Auryn Resources is well positioned with six projects: https://www.commodity-tv.com/play/newsflash-with-isoenergy-sibanye-stillwater-skeena-resources-and-auryn-resources/. Committee Bay is one of the gold projects in Nunavut. In southern Peru, the Sombrero gold-copper project (130,000 hectares) shines.
Latest corporate information and press releases from White Gold (https://www.resource-capital.ch/en/companies/white-gold-corp/) and Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/).
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.
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