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The love of the Germans for gold

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Bars, coins or jewellery, German citizens hoard gold. In the last two years alone, their gold assets have increased by 250 tons.

The Germans own more gold than the Bundesbank or the US Federal Reserve. As researchers at the Steinbeis University have calculated, about half of the gold assets of German citizens consist of bars and coins and securities, about 4,000 tons of gold are available in the form of jewellery. On average, every German over the age of 18 can own 58 grams of gold jewellery and 71 grams of gold as bars or coins.

If one were to combine the precious metal from all the warehouses with the gold reserves of the Bundesbank, one would have the incredible mountain of 12,228 tonnes of gold in front of one, 6.5 percent of the global gold reserves after all.

What a pity that physical gold does not yield interest at home and that the upward price trend is rather low. In principle, the higher the interest rates, the more disadvantageous this is for gold. And the price of gold is closely linked to the development of the US economy compared to other economies. Should the economic situation in the USA improve, but still lag behind others, this would be positive for the gold price.

The price of gold is currently supported in any case by the strong purchases of many central banks around the globe. And if you don't like the fact that physical gold assets don't yield interest, you should consider investing in the stocks of gold companies such as Maple Gold Mines or Orsu Metals - a leverage on the gold price could bring the expected return.

Maple Gold Mines (www.maplegoldmines.com/index.php/en/) owns the Douay Gold Project in Quebec, located in the productive Abitibi Greenstone belt. The 2019 winter drilling program on the nearly 400 square kilometre property has been completed and the best zones from 2018 have been followed up.

Orsu Metals - https://www.commodity-tv.net/c/search_adv/?v=299131 -

owns 90 percent of the Sergeevskoe Gold Project in the Russian Federation, which covers an area of 7.6 square kilometers. A current mineral resource estimate indicates an inferred mineral resource of more than 25 million tonnes of rock grading 1.47 grams of gold per tonne of rock.

 

Current corporate information and press releases from Maple Gold Mines (www.resource-capital.ch/en/companies/maple-gold-mines-ltd/).

 

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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