Russia and gold

Frank Holmes‘ investment company manages assets worth more than four billion US dollars. However, he does not intend to invest in Russia again until the Kremlin is under new leadership. Unfortunately, the favorable valuation and attractive dividends of Russian shares must now be disregarded, says Frank Holmes. He points to the development of central bank reserves over the past decade. This, he says, shows that the invasion of Ukraine was probably planned for some time. As recently as 2010, only 7.4 percent of Russia’s official reserves were in the form of gold. By the end of the 2010s, gold reserves had already grown to about 23 percent. At the same time, Russia was reducing U.S. dollar and debt holdings on a large scale.

Among central banks, Russia now ranks fifth in the list of official gold treasures with a total of more than 2,298 tons of gold. The USA owns the most gold, followed by Germany, Italy, France and Russia. But gold is completely apolitical, it stands for wealth and security. Gold was the motive of campaigns and wars. And gold is the safe haven for private investors in times of crisis. Especially when, as now, inflation causes savings to lose more and more of their value. In Germany, the largest amount of gold since 2009 went over the counter in the first half of 2021. Not only physical gold, but also gold companies that own gold projects benefit from a high gold price.

Hence, a look at Karora Resources – https://www.youtube.com/watch?v=KAhnvcnVjDY -. Production of 110,000 to 135,000 ounces of gold is expected in 2022. The gold comes from the Beta Hunt and Higginsville mines in Western Australia.

In the Yukon, Victoria Gold – https://www.youtube.com/watch?v=fON0tRuzE0M – is the leading gold producer with its Dublin Gulch property. This includes two successful gold mines.

Current corporate information and press releases from Karora Resources (- https://www.resource-capital.ch/en/companies/karora-resources-inc/ -) and Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -).

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.

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