Where does the most gold lie dormant-
(PresseBox) - .
Most gold mined in 2022 was in China, Australia, Russia and North America.
China was the largest gold producer last year, responsible for about 330 tons of gold production, about twice as much as the U.S.! South Africa used to be the world s largest gold producer, for more than 100 years, until 2007, but those days are over. The central bank with the largest gold reserves is the U.S., followed by Germany. At the German Bundesbank, around 70 percent of the currency reserves consist of gold.
For the individual investor, gold is one of the most important components of investment. If the fine ounce of gold cost an average of 1,824 U.S. dollars in 2022, the price currently stands at around 1,960 U.S. dollars per ounce. Compared to 2008, for example, gold is about three times as expensive today. Estimates of how much gold can still be mined put Australia in first place, followed by Russia. Incidentally, gold, calculated in Australian dollars, provided profits last year and so far this year. That s when the Australian sovereign wealth fund also added gold to its portfolio. According to calculations, around 20 percent of global gold reserves are still dormant in Australia. Gold has also outperformed major assets there.
The metal has provided a return of seven percent in Australia. Also, for the second half of 2023, the chances for gold prices should not be bad. Positive for gold prices should be the central banks hunger for gold, the growing interest in gold in China, and investors confidence in gold as a safe haven. After all, gold is stable in value and inflation. This means that shares in gold companies such as Gold Terra Resource or Sierra Madre Gold and Silver are also of interest to investors.
Gold Terra Resource - https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ - is active in the Northwest Territories in the Yukon. The Yellowknife City Gold Project is located there in the Yellowknife Greenstone Belt and scores with good drill results.
Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ - takes care of three projects in Mexico, they are high grade gold and silver projects.
Latest corporate information and press releases from Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/ -) Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-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/.
Unternehmensinformation / Kurzprofil:
Datum: 01.08.2023 - 01:27 Uhr
Sprache: Deutsch
News-ID 688492
Anzahl Zeichen: 0
contact information:
Contact person: Jörg Schulte
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"Where does the most gold lie dormant-"
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