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Where the gold lives

Switzerland probably has the highest amount of gold per capita. This corresponds to a savings rate of 11.6 percent

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There are about 920 tons of gold in private hands in Switzerland, not counting the gold of foreign gold owners. The central bank there owns 1,040 tons of the precious metal, according to official figures. With a total of around 230 grams of gold per capita, Switzerland is thus ahead of Germany and France and even ahead of India and China. These figures are based on a study commissioned by the precious metal dealer philoro Schweiz AG.

When asked about the reasons for the accumulation of physical gold, 53 percent of the Swiss state that long-term investments are the main reason. 39 percent name security reasons and 34 percent rely on financial stability. The distribution of gold in the individual countries is of particular interest to those who believe that a global gold standard is possible in the future.

As the CPM Group investment company has calculated, this corresponds to the optimal ratio of a portfolio. The portfolio should contain approximately 20 percent in the form of gold and 20 percent in the form of shares. In the case of gold shares, solid companies with good projects should be selected. Bluestone Resources or Caledonia Mining are examples of such companies.

Bluestone Resources is rather an exotic among gold companies: https://www.commodity-tv.com/play/bluestone-resources-virtual-roadshow-investor-presentation-august-2020/. This is because the company owns a gold (Cerro Blanco) and a geothermal energy project (Mita) in Guatemala. The very good and experienced management wants to bring Cerro Blanco, a gold mine that is already well advanced, to production maturity. According to the feasibility study, a good 900,000 ounces of gold are to be extracted there over 8 years at favourable mining costs. However, the area is far from being exhausted for further gold deposits. The geothermal project could host a 50-megawatt power plant in the future. The electricity could then be used to reduce gold mining costs or be sold.

Caledonia Mining - https://www.commodity-tv.com/play/special-news-with-chart-analysis-on-gold-and-silver-and-mining-news/ - can look forward to an operationally and financially strong first half of 2020 at its Blanket Gold Mine in Zimbabwe. Compared to the same period last year, gold production increased by 12.4 percent to 27,732 ounces of gold. The dividend was increased in July.

Current company information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively 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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