Private investors and central banks back gold
41.8 tons of gold were purchased by the central bank in Brazil to strengthen reserves. For many years, the volume of gold remained about the same. Now, with the gold purchase, the central bank has ensured a 52.7 percent increase in gold reserves, and it now owns 121.1 tons, for a total value of about $6.87 billion. How much was paid for it is not known.
The gold price has been on something of a roller coaster ride in recent months. Even though the price of gold is high, central banks are adding to their gold reserves, that can't be overlooked. And most expect central banks to continue adding to their reserves. A survey of central banks showed that none plan to reduce their reserves. Mostly, these banks are buying the good-delivery bars. These are gold bars and silver bars that comply with the Good Delivery Rules for Gold and Silver Bars of the LBMA (London Bullion Market Association). This is because strict rules are intended to ensure uniform standards. A Good Delivery gold bar weighs 12.51 kilograms. In the case of kilo bars, the central banks take less. Good Delivery bars are hardly represented among private individuals due to their value and weight.
Many investors also trust the asset protection gold, in times of crisis and in calmer times. In addition to physical gold, an investment in gold companies is worth considering.
Gold Terra Resource - https://www.youtube.com/watch?v=77_09R87uDg -, for example, deserves attention. Located in the Northwest Territories in the high-grade Yellowknife Greenstone Belt, the Yellowknife City Gold Project covers about 800 square kilometers of land.
Gran Colombia Gold - https://www.youtube.com/watch?v=L5hh1HKQP7Y - is in Colombia with its Segovia mine, a mine that has been producing for 150 years. The company is the most important gold and silver producer in Colombia in terms of underground mining.
Latest corporate information and press releases from Gold Terra Resource (https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/) and Gran Colombia Gold (https://www.resource-capital.ch/en/companies/gran-colombia-gold-corp/).
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