Strong, stronger, the gold price

The price is hovering around USD 2,900 per troy ounce of gold. Presumably because the price is already high, some (more pessimistic) speculative financial investors have withdrawn and reduced their net long positions. China has bought gold for the fourth month in a row. In February, the figure was five tons. From November to January, the total was around 20 tons of gold. Before the pause - the Chinese central bank had refrained from buying gold for six months - it was usually at least ten tons of gold per month. However, gold purchases could also have taken place without an official announcement.

History shows that gold investments pay off in the long term. Since 1971, the price of the precious metal has risen by eight percent annually. As an insurance against inflation, it can also be seen from the development that gold has outperformed the global and US consumer price indices since 1971. And gold has not only outperformed most major currencies after the end of the gold standard, but also in the recent past. At the same time, gold mine production has only grown slowly, namely by around 1.7 percent annually over the past 20 years. Gold has also lived up to its name as a portfolio diversifier. Gold investments have almost always generated lucrative returns when times have been particularly risky and uncertain. For this reason, the portfolio should also include shares in gold companies, such as Tudor Gold or Aurania Resources.

Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - owns the Treaty Creek Project in British Columbia's Golden Triangle (gold and copper). In 2024, resources grew, and high-grade discoveries were made

Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - focuses on precious metals and copper in South America. The Lost Cities-Cutucu project is the flagship project in the Andes.

Current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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/.