Commodity-TV

The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!
Commodity-TV Play Store
Commodity-TV App Store
Commodity-TV

Social Media


Who loves gold the most?

The World Gold Council has created a hit list. Germany landed only on place seven

Receive up-to-date information about the company directly via push notification

When it comes to the question of which country is ahead in terms of per capita demand for gold, the inhabitants of Hong Kong are in the lead with 5.3 grams (in 2019 as a whole), followed by the United Arab Emirates (3.6 grams), Switzerland (3.5 grams) and Kuwait (3.3 grams).

These figures include all private consumption, i.e. gold bars, coins and jewelry. Incidentally, in 2011 Switzerland still led the list with 12.3 grams. Germany was and is still in seventh place with 1.2 grams last year.

Most gold jewelry is sold in China and India. Following a decline in gold jewelry trading in China, demand has now recovered in the third quarter, but is still a good 25 percent down on the same quarter of the previous year. As a result of the pandemic, many weddings have been postponed to the third and fourth quarters.

In India, too, demand for jewelry had fallen sharply, with a record low in the second quarter due to Covid-19. According to the World Gold Council, a recovery, albeit still modest, can be seen here too. Jewelry demand in the US, on the other hand, was fairly stable, with demand in this third quarter only three percent lower than in the third quarter of 2019, and demand for gold jewelry in Japan was also only five percent lower.

Once the pandemic is under control, whether with medication or vaccinations, the demand for jewelry should also recover worldwide. In order to nevertheless achieve something positive with gold, to assert oneself against the current uncertainties and zero interest rates, an investment in gold companies such as Ximen Mining or Condor Gold comes into question.

Ximen Mining is active in British Columbia. In addition to the Gold Drop and Brett Gold Projects, the Company is also working on the Treasure Mountain Project, the Kenville Mine and the Amelia Gold Project. The latter recently returned gold grades of up to 103.5 grams of gold and up to 122 grams of silver per tonne of rock.

Condor Gold owns the La India gold project in Nicaragua. The project is expected to contain approximately 1.12 million ounces of gold (open pit). The environmental permit has already been granted.

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/ 

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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
SRC Mining & Special Situations ZertifikatSRC Mining & Special Situations Zertifikat

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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required