World Savings Day 2019
The significance that World Savings Day used to have is now different. Nevertheless, many Germans still hang on World Savings Day as it was then
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An online survey by YouGov Deutschland reveals that only four percent of Germans still visit a bank branch on 31 October. According to the survey, children should be encouraged to save money, which is still important. German citizens still follow old traditions, such as the savings book. For example, 55 percent say that money is best kept at the bank even when interest rates are low.
At today's interest rate levels, the savings book has lost considerable importance. After all, more than a third see no sense in the classic savings book any more. 81 percent know the term "negative interest". If these threatened, many would get their money from the bank and store it at home. And an increasing number of people are becoming more comfortable with the idea of alternative forms of investment. By the way, this is also a ray of hope for the banks and their business.
It is not surprising that investors have seen gold gain enormously in attractiveness in recent months. Economic worries are weighing on the economy and a possible recession is causing fears. Gold is interest neutral. Bunds, on the other hand, have a negative yield, including inflation. Investing the savings sensibly is only possible with a broad spread of investment vehicles. It is essential that this includes the shares of gold companies.
One company that will soon be able to count itself among the producers is Steppe Gold. - https://www.youtube.com/watch?v=eSK2un88uzU - The company's Tsaagan Ovoo gold project is located in Mongolia and is pleasing with low production costs. Around 150,000 ounces of gold are to be extracted annually from Mongolian soil in a few years' time.
GoldMining - https://www.youtube.com/watch?v=8HPJwetUnG8=207s - impresses with its large portfolio of gold and copper projects in the USA, Canada, Brazil, Peru and Colombia. The strong gold price is of course a big plus for the resources that gain in value.
Current company information and press releases from Steppe Gold (
www.resource-capital.ch/de/unternehmen/steppe-gold-ltd/)
and GoldMining (www.resource-capital.ch/de/unternehmen/goldmining-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.
Disclaimer: The information provided does not constitute any form of recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages arising 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. For the correctness of all contents however no guarantee is taken over. Despite the greatest care, I expressly reserve the right to make an error, particularly with regard to figures and prices. The information contained herein has been obtained from sources believed to be reliable, but does not claim to be accurate or complete. Due to judicial judgements the contents of linked external sides are to be answered for also (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no express dissociation from these takes place. Despite careful content control, I do not assume any liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/