World Gold Council satisfied with gold sales
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).
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