Large gold reserves

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/…) and Karora Resources (https://www.resource-capital.ch/…).

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