Years of high inflation have undermined the value of fiat currencies. Gold helps.
Investors who missed out on the recent rise in gold and silver prices will now be paying particular attention to buying opportunities. It is interesting to note that central banks are not holding back on their gold purchases even when the gold price is high. Central banks around the world increased their gold reserves by 33 tons in April. According to the World Gold Council, Turkey, China, India and Kazakhstan were the biggest buyers of gold. In May, the gold price recorded its third consecutive monthly gain. Even though the price increase in May was not as high as in March and April, the gold price reached a new all-time high of USD 2,427 per ounce in mid-May.
Gold ETFs saw net inflows in May 2024 for the first time since May 2023. The fact that the gold price is so high is not only due to central bank purchases, but also to its attractiveness in uncertain times. And that's what we have. Central banks, especially in the emerging markets, seem to be moving away from the US dollar and towards gold. As a result, high demand is meeting a dwindling supply. Gold is simply part of a well-balanced portfolio. If you want to hedge against geopolitical risks and the effects of inflation, you should also invest in gold, in physical form and with the stocks of solid gold companies with good projects in mining-friendly regions.
In British Columbia, Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - is working on the 2024 exploration program at its Treaty Creek project (gold, silver, copper).
With its Metates project in Mexico, Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - has one of the largest undeveloped gold and silver deposits in the world.
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/
Investors who missed out on the recent rise in gold and silver prices will now be paying particular attention to buying opportunities. It is interesting to note that central banks are not holding back on their gold purchases even when the gold price is high. Central banks around the world increased their gold reserves by 33 tons in April. According to the World Gold Council, Turkey, China, India and Kazakhstan were the biggest buyers of gold. In May, the gold price recorded its third consecutive monthly gain. Even though the price increase in May was not as high as in March and April, the gold price reached a new all-time high of USD 2,427 per ounce in mid-May.
Gold ETFs saw net inflows in May 2024 for the first time since May 2023. The fact that the gold price is so high is not only due to central bank purchases, but also to its attractiveness in uncertain times. And that's what we have. Central banks, especially in the emerging markets, seem to be moving away from the US dollar and towards gold. As a result, high demand is meeting a dwindling supply. Gold is simply part of a well-balanced portfolio. If you want to hedge against geopolitical risks and the effects of inflation, you should also invest in gold, in physical form and with the stocks of solid gold companies with good projects in mining-friendly regions.
In British Columbia, Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - is working on the 2024 exploration program at its Treaty Creek project (gold, silver, copper).
With its Metates project in Mexico, Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - has one of the largest undeveloped gold and silver deposits in the world.
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/
