According to the World Gold Council, Taiwan ranked 12th in terms of global gold reserves in the first quarter of 2024. The country owns around 422 tons of gold. The stated reason is to support the national currency, according to a Taiwanese central bank official. In addition, gold has always played an important role in the international monetary system. Around 410 tons of gold are being retained as an asset for the issue of new Taiwan dollars. The remaining gold will be used to mint commemorative gold coins for newly elected presidents and vice presidents.
The USA, Germany and Italy hold the most gold. If you look at the seasonal development of the gold price, August is a favorable month. This was also the case this time, as bond yields were rather weak, as was the US dollar, which usually always favors the gold price. Factors influencing the strength of the gold price in August included developments in the US presidential election campaign. The policies of both the Republicans and the Democrats are generally seen as positive for the gold price. Government debt and deficits will continue to cause nervousness among investors.
In addition, gold purchases from India have picked up again, so the gold price should be well supported. Economic data from the US has been fairly mixed in recent weeks, with rather weak data in August. This should therefore also result in uncertainty - positive for gold. In any case, an investment in gold and gold stocks should be part of a well-positioned portfolio. Stocks such as Aurania Resources or Fury Gold Mines could be considered.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - owns projects in Nunavut and Quebec. The Eau Claire project in Quebec has seen a pleasing increase in resources.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - focuses on copper and precious metals in South America. The flagship project is located in the Andes in Peru and visible gold was recently discovered.
Latest corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/de/unternehmen/aurania-resources-ltd/ -) and Fury Gold Mines (- https://www.resource-capital.ch/de/unternehmen/fury-gold-mines-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 USA, Germany and Italy hold the most gold. If you look at the seasonal development of the gold price, August is a favorable month. This was also the case this time, as bond yields were rather weak, as was the US dollar, which usually always favors the gold price. Factors influencing the strength of the gold price in August included developments in the US presidential election campaign. The policies of both the Republicans and the Democrats are generally seen as positive for the gold price. Government debt and deficits will continue to cause nervousness among investors.
In addition, gold purchases from India have picked up again, so the gold price should be well supported. Economic data from the US has been fairly mixed in recent weeks, with rather weak data in August. This should therefore also result in uncertainty - positive for gold. In any case, an investment in gold and gold stocks should be part of a well-positioned portfolio. Stocks such as Aurania Resources or Fury Gold Mines could be considered.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - owns projects in Nunavut and Quebec. The Eau Claire project in Quebec has seen a pleasing increase in resources.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - focuses on copper and precious metals in South America. The flagship project is located in the Andes in Peru and visible gold was recently discovered.
Latest corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/de/unternehmen/aurania-resources-ltd/ -) and Fury Gold Mines (- https://www.resource-capital.ch/de/unternehmen/fury-gold-mines-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/.
