Savings behaviour changes during the crisis
Surveys show that savers in Germany are beginning to rethink. While in October 2019 around 75 percent wanted to save about as much in 2020 as in 2019, many have now abandoned their savings plans. At the same time, the number of those who are focusing their interest on old-age provision and shares has increased.
Because society is changing. Demographic change (society is ageing) is in full swing. Sustainable strategies are in demand, there are enough uncertainties in the 21st century. Provision for the old age has become a central topic.
Savers have not had an easy time of it over the last 20 years. Four financial and savings crises caused quite a stir. At the same time, the amount saved in German households has risen steadily. So what to do? The long-term consequences of the Corona pandemic are difficult to assess. The situation in Europe, the sabre-rattling between the USA and China and the environmental problems, all of this weighs heavily.
Investing money safely is a great wish of savers. Security and yield are in the foreground. Precious metals, especially gold, have proven their worth over the millennia. Silver is also a good investment. Diversification is achieved through various instruments such as physical precious metals and also shares of precious metal companies.
Promising gold companies include OceanaGold and Treasury Metals. OceanaGold is a strong company producing gold, silver and copper: https://www.commodity-tv.com/play/newsflash-with-vizsla-resources-oceana-gold-goldmining-endeavour-silver/. In the first quarter of 2020, its turnover was almost 140 million US dollars. The portfolio includes the Haile (USA), Waihi and Macraes (New Zealand) and Didipio (Philippines) projects.
Treasury Metals owns the high-grade Goliath gold project in Ontario: https://www.commodity-tv.com/play/treasury-metals-ceo-update-on-the-goldlund-acquisition/. The recently added adjacent Goldlund Project has created two gold properties that can now be developed together.
Recent corporate information and press releases from OceanaGold (https://www.resource-capital.ch/en/companies/oceanagold-corp/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-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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