It is not only central banks that want to be financially secure; private investors are also looking for investment opportunities.
The Bank of Russia has announced its intention to resume gold purchases from the domestic market. For almost two years, the domestic gold purchase program had been suspended. This also happened at a time of (then) high gold prices. In the years before, Russia had substantially increased its gold reserves. The reason for the now announced new gold purchases is the desire for a financially stable situation. However, gold sales could also occur as Russia struggles with a falling ruble and sanctions. Other central banks could also increase gold purchases due to geopolitical uncertainties. This is usually a good price driver. Should Russia really sell gold and turn it into cash, then not insignificant amounts of the precious metal would come onto the market, which in turn would tend to weaken the price.
Currently, the gold price has risen significantly, flight to safe havens and inflation hedges are the reasons. Even if the war situation calms down, which it does not look like it will at the moment, the inflation problem still remains. Inflation could be driven even more significantly if the rejection of Russian oil has disastrous consequences for the world market. Unpredictable price increases would be possible. For gold, this scenario should mean more demand. Already, one hears voices of precious metals experts who, after breaking through the all-time high, also consider 3,000 U.S. dollars per troy ounce of gold to be achievable.
As a result, gold companies are also rising in value. Noteworthy are for example Mawson Gold or Tudor Gold.
Mawson Gold - https://www.youtube.com/watch?v=aTUjNf8p8uM - has not only gold but also cobalt at its Rajapalot property in Finland. In addition, there are three significant gold fields in Victoria.
Tudor Gold - https://www.youtube.com/watch?v=ZsBiHNBGkjo - has a large prospective land area in the Golden Triangle in British Columbia, including the Treaty Creek project (nearly 18,000 hectares).
Latest corporate information and press releases from Mawson Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-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/
The Bank of Russia has announced its intention to resume gold purchases from the domestic market. For almost two years, the domestic gold purchase program had been suspended. This also happened at a time of (then) high gold prices. In the years before, Russia had substantially increased its gold reserves. The reason for the now announced new gold purchases is the desire for a financially stable situation. However, gold sales could also occur as Russia struggles with a falling ruble and sanctions. Other central banks could also increase gold purchases due to geopolitical uncertainties. This is usually a good price driver. Should Russia really sell gold and turn it into cash, then not insignificant amounts of the precious metal would come onto the market, which in turn would tend to weaken the price.
Currently, the gold price has risen significantly, flight to safe havens and inflation hedges are the reasons. Even if the war situation calms down, which it does not look like it will at the moment, the inflation problem still remains. Inflation could be driven even more significantly if the rejection of Russian oil has disastrous consequences for the world market. Unpredictable price increases would be possible. For gold, this scenario should mean more demand. Already, one hears voices of precious metals experts who, after breaking through the all-time high, also consider 3,000 U.S. dollars per troy ounce of gold to be achievable.
As a result, gold companies are also rising in value. Noteworthy are for example Mawson Gold or Tudor Gold.
Mawson Gold - https://www.youtube.com/watch?v=aTUjNf8p8uM - has not only gold but also cobalt at its Rajapalot property in Finland. In addition, there are three significant gold fields in Victoria.
Tudor Gold - https://www.youtube.com/watch?v=ZsBiHNBGkjo - has a large prospective land area in the Golden Triangle in British Columbia, including the Treaty Creek project (nearly 18,000 hectares).
Latest corporate information and press releases from Mawson Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-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/
