Rising gold consumption - rising price
Gold jewelry is a status symbol. Growth phases support gold purchases, and gold is increasingly being used in technology applications. Uncertainties of a political nature and risks such as the creeping depreciation of money and the paper money inflation of the central banks are increasing the demand for the precious metal, the keyword being "safe haven gold".
The world will consume an estimated 4,370 tons of gold in 2019. In 2018 it was still 4,364 tons, and the trend is rising. There are enough trouble spots, so one might wonder why the price of gold is not higher. The answer probably lies in this: gold is not so much a crisis metal, of course, but rather an insurance in the form of a currency. And there was no crash in 2018. Therefore, many are still waiting to hedge with the help of gold.
Physical gold is never bad, but to get more return it is worth taking a look at the stocks of gold companies. Not only the development of the raw material market is decisive for their success, but also company-specific factors. These are important for the successful progress of gold companies, which makes this investment more speculative than physical gold.
Steppe Gold - http://www.commodity-tv.net/c/search_adv/?v=299041-, a company that wants to become a leading gold company in Mongolia, is a way of portfolio diversification. The Altan Tsaagan Ovoo Gold Project, which will include the new high-grade Mungu Gold Project, is wholly owned by Steppe Gold. The project is even below budget, the financial side of the company is good and the project is close to production. Phase I mining is completed with 230,000 tonnes of ore at a total mined gold grade of 2.3 grams gold per tonne of rock.
A company that seeks its fortune in the Yukon also pleases. With a huge property over 439,000 hectares, more than 40 percent of the Whitegold district, the prospects for White Gold are likely to be excellent - http://www.commodity-tv.net/c/search_adv/?v=298911. The 2019 exploration program is expected to include 17,000 metres of diamond drilling and 7,500 metres of RC (reverse circulation) drilling. Partners are no less than Kinross Gold and Agnico Eagle.
Current company information and press releases from White Gold (https://www.resource-capital.ch/en/companies/white-gold-corp/) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd/).
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