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World Gold Council satisfied with gold sales

The third quarter of 2018 was particularly marked by the central banks' hunger for gold. Demand for bars and coins was also strong, according to the World Gold Council.

Central banks bought more gold in the three months than they have since 2015. The central banks absorbed 148.4 tonnes of gold in the third quarter of the current year. This is the highest quarterly demand in years. Turkey, Russia and Kazakhstan were particularly eager to make purchases. The first deputy governor of the Russian Central Bank called gold "a hundred per cent guarantee of legal and political risks". The Russian reserves now amount to more than 2,000 tons of gold for the first time. The declared goal is risk hedging and "de-dollarisation".

India was also among the gold buyers among the central banks. The same applies to Europe, for example Poland. Hungary has also built up its gold reserves to 31.5 tonnes of gold. And Iran and Mongolia also took advantage of the weak gold prices. In the Czech Republic and Germany, on the other hand, sales of gold declined slightly. Nevertheless, the direction is clear and the motives are easy to understand for the buyers. The valuable gold secures.

Private investors have strong gold bars and coins - an increase of around 28 percent to 298.1 tonnes in the third quarter of 2018. One incentive was certainly the low gold price. In China, the largest gold bullion and coin market, demand even rose by 25 percent. The demand for jewelry grew by six percent. In the technology sector, too, one percent more gold was consumed. This is the eighth time in a row, calculated in quarters.

For the private citizen, it is almost a must to invest part of the assets in gold and also in gold shares. Stocks such as TerraX Minerals and US Gold are ideal investments.
TerraX Minerals - https://www.commodity-tv.net/c/search_adv/?v=298245 - is located in the Northwest Territories of Canada with its Yellowknife City gold project. Near the city of Yellowknife the infrastructure is excellent. Drilling has found up to 63 grams of gold per tonne of rock on the 780 square kilometre property.
US Gold - https://www.commodity-tv.net/c/search_adv/?v=298583 - has a number of gold exploration and development projects in the USA. These include the Copper King project in Wyoming and the Keystone project in Nevada. With an extensive drilling program, previously inaccessible targets are now being drilled here.

Current corporate information and news releases from US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp.html) and TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

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 info@resource-capital.ch. 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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