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Why central banks like gold

Today central banks own more than 30,000 tons of gold. Most of it has been added since 2010

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This, one can almost speak of a gold rush, of course has its reasons. In 2019 alone, around 650 tons of gold were added to the reserves of central banks worldwide. That was the second highest amount in 50 years. This year it will be less, since they bought "only" 8.4 million ounces of gold from January to August, compared to 15.8 million ounces of gold in the same period in 2019.

The reason for the decline is certainly the high price of gold. But the central banks will continue to buy. A gold bar always retains its value, crisis or no crisis. If a central bank owns gold, this promotes confidence. Central banks are supposed to give their currency stability and protect the banking system, hence the focus on inflation.

The central banks want to use gold to reduce risks. Because "gold is money, everything else is credit," says JP Morgan. Gold should also serve as a hedge against inflation. And central banks should promote the economy. And they do this by devaluing currencies slightly over time. This in turn is beneficial to the value of gold.

The US Federal Reserve owns the most gold (8,134 tons), followed by Germany (3,364 tons). Whoever wants to hedge with gold, just like the central banks, should look around the gold companies, for example.

For example, with GoldMining. - https://www.youtube.com/watch?v=42YOOPxclKU&t=7s - The company, with founder and chairman Amir Adnani, owns gold and gold-copper projects in Canada, Brazil, Colombia, Peru and the USA. GoldMining has also established its own royalty company.

Osisko Gold Royalties - https://www.youtube.com/watch?v=wbpv6weLNlg - is also interesting, especially in connection with royalty companies. The portfolio, which is focused on North America, comprises more than 138 royalties and precious metal purchases.

Recent company information and press releases from GoldMining (www.resource-capital.ch/en/companies/goldmining-inc/) and Osisko Gold Royalties (www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/).

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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