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China\-s hunger for gold

There are several indications that China-s hunger for gold is growing. The so-called Golden Week has just come to an end. The seven-day celebration of China-s National Day began on October 1, it is the peak travel season for the Chinese and gold goes over the counter. This time, many retailers saw an increase in sales. Seasonality, government incentives and positive consumer sentiment drove gold consumption. In contrast, business was not as good in cities with a renewed covid resurgence and it ....

Baden Wüberg , Red Lake , Western Australia , World Gold Council , National Day , Golden Week , Spring Festival , Trillium Gold Mines , Gold Mines , Karora Resources , Swiss Resource Capital ,

Gold as a medium of exchange

  In times of crisis and catastrophe, means of exchange such as gold and silver can become significant - keyword blackout. We are encountering more and more lists of how individuals should provide for the event of a blackout. On the one hand, confidence in paper currencies is sinking, as inflation is mercilessly hitting right now. On the other hand, in times when paper money is of no help, gold and silver can help. Already a very long time ago, these precious metals were a popular me ....

Baden Wüberg , United States , New Zealand , Second World War , Trillium Gold Mines , Gold Mines , Red Lake , Newman Todd , Swiss Resource Capital ,

Not only private investors, but also central banks rely on gold

  The World Gold Council has once again published the latest figures on central bank gold purchases and sales. In August, some of the central banks were probably on vacation when it came to increasing their gold assets. Because in August, only a few central banks have increased their gold reserves, there were hardly any significant sales. Turkey has bought the most gold so far this year. In August, nine tons of gold were added. In total, Turkey has thus bought about 84 tons of gold i ....

Baden Wüberg , World Gold Council , Tarachi Gold , Trillium Gold Mines , Gold Mines , Red Lake , Vizsla Silver , Swiss Resource Capital ,