Waiting for the Fed and the timelessness of gold

The gold price will benefit from interest rate cuts. Patience is therefore still required, but there is still time to enter the gold market at a favorable price. If we look to China, where the new year begins on February 10, the buying mood for gold is high there. The new year, the year of the wood dragon, stands for growth and flexibility. In general, strength, luck and growth are expected in the year of the dragon. In China, shares and real estate have crashed and so the Chinese are increasingly turning to gold. This is despite the fact that gold is more expensive than ever. By backing the precious metal, the Chinese population is showing that confidence in the economy has suffered. Younger buyers are also turning to gold as a store of value in these difficult times. Gold jewelry is therefore an attractive investment. This has been the case for months, as shown by the strong sales of gold, as well as silver and jewelry.

Whether in ancient civilizations or modern societies, gold has always been revered. In ancient Greece, gold was a symbol of power. Asia, especially India and China, have a special inner connection to the precious metal. It stands for prosperity, happiness and wealth. Gold is an integral part of many celebrations, such as wedding ceremonies. And gold stands for the safe haven that investors turn to in uncertain times. The precious metal will continue to fascinate generations in the future. Investors have the opportunity to bet on gold with gold companies, for example royalty companies. Royalties and precious metal purchases are the business of these companies, which also offer diversification.

Gold Royalty - https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ - is focusing on North and South America.

Osisko Gold Royalties - https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ - generated record revenues in 2023.

Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/ ) and Gold Royalty (https://www.resource-capital.ch/en/companies/gold-royalty-corp/ ).

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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