More than half of the gold sold is attributable to the younger generation.
Contrary to expectations, it is not predominantly the older generation in China that is buying gold, but those born in the 1990s. This is because many of them rightly see gold as the most profitable long-term investment. So-called gold beans are very popular as an entry-level investment. They are often pieces of gold cast in the shape of lucky symbols and weigh around one gram. They cost between 54 and 82 US dollars and are increasingly being bought by the Chinese Generation Z. On social media platforms, you can see how young Chinese people are increasingly filling small glass bottles with gold beans.
Gold has been a financial hedge for a long time. According to the World Gold Council, the precious metal has generated a return of 5.8 percent per year over the last 30 years. Bonds and cash cannot keep up with this. And the drive towards gold is likely to increase as the financial markets struggle with volatility and the global economy faces many challenges. According to calculations by the China Gold Association, China's gold consumption rose by around 16.40% in the first six months of 2023. The fact that the price of gold has risen again is influenced by expectations of the Fed regarding further interest rate decisions or cuts.
Added to this are the well-known geopolitical crises and uncertainties. Investors who invest in physical gold generally have a longer investment horizon. This also applies to investors who take gold companies into their portfolios. Two well-positioned candidates that are among the producers and have the best prospects are OceanaGold and Caledonia Mining.
OceanaGold - https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ - produces gold and copper in the USA and the Philippines.
Caledonia Mining - https://www.commodity-tv.com/ondemand/companies/profil/caledonia-mining-corporation-plc/ - is pleased to announce a new quarterly production record at its Blanket Gold Mine in Zimbabwe.
Current company information and press releases from OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-corp/ -) and Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -).
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/
Contrary to expectations, it is not predominantly the older generation in China that is buying gold, but those born in the 1990s. This is because many of them rightly see gold as the most profitable long-term investment. So-called gold beans are very popular as an entry-level investment. They are often pieces of gold cast in the shape of lucky symbols and weigh around one gram. They cost between 54 and 82 US dollars and are increasingly being bought by the Chinese Generation Z. On social media platforms, you can see how young Chinese people are increasingly filling small glass bottles with gold beans.
Gold has been a financial hedge for a long time. According to the World Gold Council, the precious metal has generated a return of 5.8 percent per year over the last 30 years. Bonds and cash cannot keep up with this. And the drive towards gold is likely to increase as the financial markets struggle with volatility and the global economy faces many challenges. According to calculations by the China Gold Association, China's gold consumption rose by around 16.40% in the first six months of 2023. The fact that the price of gold has risen again is influenced by expectations of the Fed regarding further interest rate decisions or cuts.
Added to this are the well-known geopolitical crises and uncertainties. Investors who invest in physical gold generally have a longer investment horizon. This also applies to investors who take gold companies into their portfolios. Two well-positioned candidates that are among the producers and have the best prospects are OceanaGold and Caledonia Mining.
OceanaGold - https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ - produces gold and copper in the USA and the Philippines.
Caledonia Mining - https://www.commodity-tv.com/ondemand/companies/profil/caledonia-mining-corporation-plc/ - is pleased to announce a new quarterly production record at its Blanket Gold Mine in Zimbabwe.
Current company information and press releases from OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-corp/ -) and Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -).
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/
