According to the World Gold Council, global gold demand is at a historical peak.
Gold is not only of great interest to central banks but increasingly to people of all ages. Currently, gold demand in tons as well as in the value of trading volumes is greater than ever before. The third quarter of 2024 saw a global demand of 1,313 tons of gold, which is five percent higher than the third quarter of 2023. For the first time, the value exceeded $100 billion. Notably, central banks tend to purchase gold when it is considered "cheap." Others buy gold even when it is expensive. The declining demand for gold in the jewelry sector did not alter the massive overall demand for gold in the third quarter.
In the jewelry sector, the high price seems to deter gold purchases. China recorded its worst third quarter since 2010. In contrast, India saw a different trend, where reduced import duties spurred gold purchases. Particularly strong in the third quarter was the demand for gold for investments, especially regarding ETFs and securities. The industrial sector is also increasingly requiring gold, including electronic products such as smartphones and computer chips - especially with the rise of artificial intelligence. According to the World Gold Council, record levels of gold production may be expected. Geopolitical tensions, declining interest rates, and ongoing interest from central banks are likely to support gold prices, and new record prices are possible.
Short-term pullbacks are normal and should be accepted calmly, as fundamentally, everything points to gold. Gold is long-term stable in value. Mining companies with gold in the ground deserve attention, such as Osisko Development or Revival Gold.
Osisko Development - https://www.commodity-tv.com/play/news-miata-metals-osisko-dev-collective-mining-premier-american-uranium-and-millennial-potash/ - focuses on previously producing gold projects and is involved in projects in Canada, Mexico, and the USA.
Revival Gold - https://www.commodity-tv.com/play/revival-gold-update-on-current-status-of-pea-and-latest-exploration-at-beatrack-arnett/ - is a pure gold mining developer in the western USA. Special attention should be given to the Mercur gold project in Utah and the Beartrack-Arnett gold project in Idaho.
Current company information and press releases from Osisko Development can be found at (- https://www.resource-capital.ch/de/unternehmen/osisko-development-corp/ -).
In accordance with §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned, thus creating a potential conflict of interest. No guarantee is given for the translation into German. Only the English version of this news applies.
Disclaimer: The information provided does not constitute any recommendation or advice. The risks of trading securities are expressly pointed out. No liability is accepted for damages arising from the use of this blog. I would like to remind you that investing in stocks, especially options, is inherently risky. The total loss of the invested capital cannot be excluded. All data and sources are thoroughly researched. However, no guarantee is given for the accuracy of all content. Despite the greatest care, I explicitly reserve the right to errors, particularly regarding numerical data and prices. The information contained comes from sources deemed reliable, but does not claim to be complete and accurate. Due to court rulings, the content of linked external sites is also my responsibility (e.g., Hamburg District Court, ruling of May 12, 1998 - 312 O 85/98), unless there is an explicit distancing from them. Despite careful content control, I accept no 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: Swiss Resource Capital AG Disclaimer.
Gold is not only of great interest to central banks but increasingly to people of all ages. Currently, gold demand in tons as well as in the value of trading volumes is greater than ever before. The third quarter of 2024 saw a global demand of 1,313 tons of gold, which is five percent higher than the third quarter of 2023. For the first time, the value exceeded $100 billion. Notably, central banks tend to purchase gold when it is considered "cheap." Others buy gold even when it is expensive. The declining demand for gold in the jewelry sector did not alter the massive overall demand for gold in the third quarter.
In the jewelry sector, the high price seems to deter gold purchases. China recorded its worst third quarter since 2010. In contrast, India saw a different trend, where reduced import duties spurred gold purchases. Particularly strong in the third quarter was the demand for gold for investments, especially regarding ETFs and securities. The industrial sector is also increasingly requiring gold, including electronic products such as smartphones and computer chips - especially with the rise of artificial intelligence. According to the World Gold Council, record levels of gold production may be expected. Geopolitical tensions, declining interest rates, and ongoing interest from central banks are likely to support gold prices, and new record prices are possible.
Short-term pullbacks are normal and should be accepted calmly, as fundamentally, everything points to gold. Gold is long-term stable in value. Mining companies with gold in the ground deserve attention, such as Osisko Development or Revival Gold.
Osisko Development - https://www.commodity-tv.com/play/news-miata-metals-osisko-dev-collective-mining-premier-american-uranium-and-millennial-potash/ - focuses on previously producing gold projects and is involved in projects in Canada, Mexico, and the USA.
Revival Gold - https://www.commodity-tv.com/play/revival-gold-update-on-current-status-of-pea-and-latest-exploration-at-beatrack-arnett/ - is a pure gold mining developer in the western USA. Special attention should be given to the Mercur gold project in Utah and the Beartrack-Arnett gold project in Idaho.
Current company information and press releases from Osisko Development can be found at (- https://www.resource-capital.ch/de/unternehmen/osisko-development-corp/ -).
In accordance with §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned, thus creating a potential conflict of interest. No guarantee is given for the translation into German. Only the English version of this news applies.
Disclaimer: The information provided does not constitute any recommendation or advice. The risks of trading securities are expressly pointed out. No liability is accepted for damages arising from the use of this blog. I would like to remind you that investing in stocks, especially options, is inherently risky. The total loss of the invested capital cannot be excluded. All data and sources are thoroughly researched. However, no guarantee is given for the accuracy of all content. Despite the greatest care, I explicitly reserve the right to errors, particularly regarding numerical data and prices. The information contained comes from sources deemed reliable, but does not claim to be complete and accurate. Due to court rulings, the content of linked external sites is also my responsibility (e.g., Hamburg District Court, ruling of May 12, 1998 - 312 O 85/98), unless there is an explicit distancing from them. Despite careful content control, I accept no 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: Swiss Resource Capital AG Disclaimer.
