World Gold Council invites
From 26th to 28th November important people will meet in Singapore. Experienced central bankers, investors in sovereign wealth funds and finance ministry officials will be the participants. How the gold market works will be explained. The event has the following topics: Fundamentals of gold demand and supply, case studies on managing gold reserves in practice, gold market operations and accounting.
Interesting is probably the last point, because governments and central banks keep their gold market operations and gold reserve accounting secret. This leads to the idea that the participation of governments and central banks in the gold market is more intensive than is suggested.
According to the World Gold Council, the goal is "to stimulate and sustain demand for gold, take the lead in the industry and be the global authority on the gold market". For ordinary gold investors the days in Singapore and the secrets of the central bank secret service would certainly also be very interesting. I'd love to be a fly on the wall.
Founded in 1987 by gold mining companies, the World Gold Council is a not-for-profit association and now has offices in seven locations worldwide. The company is based in London. Gold fascinates mankind today just as it did thousands of years ago. No less fascinating are the companies that take care of the production of this valuable precious metal, such as Caledonia Mining or Osisko Gold Royalties.
Caledonia Mining - https://www.commodity-tv.net/c/search_adv/?v=298590 - has been delighting its shareholders again, since 2014 by the way, with its quarterly dividend payment. Because Caledonia's Blanket gold mine in Zimbabwe produces gold with great success. Production is expected to increase from an estimated 55,000 to 59,000 ounces of gold in 2018 to approximately 80,000 ounces annually by 2021. The company currently has a 49 percent stake in the mine and may soon have a 64 percent stake.
Osisko Gold Royalties - https://www.commodity-tv.net/c/search_adv/?v=298466 - has also been successful in the gold business since 2014, with the business model relating to investments in gold projects. With the royalties, precious metal acceptance and streams, the operation is running smoothly. The portfolio includes investments in the Malartic mine, Falco Resources and Barkerville Gold Mines.
Current company information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd.html) and Caledonia Mininghttps://www.resource-capital.ch/en/companies/caledonia-mining-corp.html).
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