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Large gold reserves





 

Central banks officially hold around 36,000 tons of gold. The USA has the largest gold reserves, followed by Germany. And since 2009, the central banks have been gold buyers in total. At the end of March 2022, China had around 1,776 tons of gold, although it is questionable whether the official figures indicate the true size of the gold hoard. The U.S. brings it to just over 8,133 tons of gold at the same time. China\-s foreign exchange reserves, on the other hand, fell to about $3.2 trillion at the end of March compared with February.

Countries hoard gold to hedge against economic disasters or currency problems. Even though the U.S. holds significantly more gold, China is in a strong position due to its significantly higher foreign exchange reserves. This is because the U.S. has relatively low foreign exchange reserves. In any case, in 2021, central banks bought about 82 percent more gold than in the previous year. Gold is popular everywhere, as can be seen from the current high gold price of close to 2,000 U.S. dollars per troy ounce. According to various banks, gold investments should not be disregarded now. For example, analysts at SocGen Bank expect a significant upward price breakout for the precious metal in the next three months. Because high inflation and low interest rates speak now times for rising gold prices. According to the analysts, the yellow metal could even reach USD 2,200 per ounce in the second quarter. So it\-s time for gold investments in companies like GCM Mining or Karora Resources. GCM Mining – https://www.youtube.com/watch?v=Sr5GaectIig&t=533s – is a successful gold producer in Colombia with its Segovia property. Karora Resources – https://www.youtube.com/watch?v=kW5xpyL3OKE&t=3s – is also extracting gold from its mines in Western Australia. It aims to produce just over 200,000 ounces per year by 2024.

Current corporate information and press releases from GCM Mining (https://www.resource-capital.ch/de/unternehmen/gcm-mining-corp/) and Karora Resources (https://www.resource-capital.ch/de/unternehmen/karora-resources-inc/).

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are generally 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 a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 – 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The

disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/de/disclaimer-agb/.





Posted by on 21. April 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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