Finanzen / Bilanzen

Inflation high – demand for gold high

Inflation in the UK is at its highest level in a decade. The British Royal Mint has a lot to do.

Investors are looking for inflation hedges. The British Royal Mint just recorded its second-strongest day this year. So physical demand for the precious metal is strong. To be precise, it was November 30 when the British Royal Mint counted twice as many transactions as usual on average for its gold products. Ten-ounce gold bars crossed the counter the most that day. The only other day in 2021 with more buyers was May 14, when the gold price fell back to US$1,900.

Normally, the pre-Christmas period is rather quiet in this area. But now it looks different, investors are reacting to monetary policy and inflation. Because even if the Bank of England tries to raise interest rates in the new year, they are unlikely to get above the inflation curve. So real interest rates will remain negative. In the UK, the situation is similar to that in many euro member states; inflation is causing a decline in purchasing power because of the negative real interest rates. The consumer price index rose by 4.2 percent in the UK in October, compared with 3.1 percent in September. In the Kingdom, the consequences of the measures taken in the course of fighting the pandemic are coming up against the effects of the Brexit.

But even without Brexit, gold can be used to counteract currency devaluation. Because gold cannot be multiplied at will like fiat currencies, it retains its value.

Gold companies are therefore in focus, such as Osisko Gold Royaltieshttps://www.youtube.com/watch?v=IJM_VsIaxmw -, a royalty company that also provides diversification with more than 160 licenses and precious metal purchases in North America.

Chesapeake Goldhttps://www.youtube.com/watch?v=VOJaIs6gVK8 – is also committed to the search for gold. Its Metates project in Durango, one of the largest undeveloped gold and silver deposits in the world, is 100 percent owned by the company.

Current corporate information and press releases from Osisko Gold Royalties (- https://www.resource-capital.ch/en/companies/osisko-gold-royalties-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/

Firmenkontakt und Herausgeber der Meldung:

Swiss Resource Capital AG
Poststrasse 1
CH9100 Herisau
Telefon: +41 (71) 354-8501
Telefax: +41 (71) 560-4271
http://www.resource-capital.ch

Ansprechpartner:
Jörg Schulte
Telefon: +49 (2983) 974041
E-Mail: info@js-research.de
Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.

counterpixel