Whether in Russia or in the USA - gold investments are increasing
According to Alexander Afanasiev, Managing Director of the Russian trading platform Moscow Exchange, Russian gold should be preferred to investments in US dollars. Russia is the third largest gold producer in the world and increased its production by more than six percent in 2017. Currently, Russian gold reserves amount to almost 68 million ounces, equivalent to 2,125 tonnes of gold.
China bought gold in December for the first time in two years. And India continued its shopping tour after gold purchases started in the spring. With almost 600 tons of gold, India has the tenth largest gold reserve in the world. The central banks of Egypt, Brazil, Tajikistan and Kyrgyzstan were also among the gold buyers at the end of 2018.
In Arizona, too, legislators have recently emphasized the importance of creating state reserves of gold and silver. The Arizona Budget Stabilization Fund has assets of nearly $500 million. The money is currently invested in the stock market and in various debt securities. Gold and silver are still missing. This is set to change because precious metals lack the inflation and default risk of bonds and fixed-income investments. In addition to hedging, the aim is to increase the total return.
Private investors should also invest a portion of their portfolio in physical precious metals and, for diversification purposes, in equity securities of well-positioned gold companies such as Bluestone Resources or GoldMining.
Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=298807 - is the sole owner of the Cerro Blanco Gold Project in Guatemala as well as a geothermal project. According to the current mineral resource estimate, the project has 3.7 million tonnes of rock with a gold grade of 10.1 grams gold per tonne rock (measured and indicated) and 1.4 million tonnes with a grade of 8.1 grams gold per tonne rock (inferred). A feasibility study should be completed shortly.
GoldMining - https://www.commodity-tv.net/c/search_adv/?v=298668 - is particularly focused on the São Jorge Project in the State of Pará, Brazil, and the Yellowknife Project in the Northwest Territories, Canada. In addition, GoldMining has a substantial portfolio of further gold projects and further high-quality acquisitions are planned.
Current corporate information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc.html) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc.html).
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