2021 brought the world significant asset growth
The 13th edition of the Global Wealth Report published by Credit Suisse Research Institute reveals continued wealth growth across all regions. In 2021, global wealth grew at a record pace. China and North America in particular stood out. At the end of 2021, global assets totaled $463.6 trillion, up 9.8 percent. Africa, Europe, India and Latin America accounted for only a combined 11.1 percent of asset growth. The lowest growth came from Europe at 1.5 percent.
Global asset growth sounds good for now, but in the current year the growth could be wiped out again. Inflation and rising interest rates will have an impact, and everyone is feeling the inflation. The inflation rate for September has just been published and it now stands at a good ten percent. In August, it was still at 7.9 percent. The annual inflation rate has not been this high since 1951, when it was 10.5 percent. Rising prices for energy, food and raw materials are to blame. In 2021, the debt of all private households also rose by 4.4 percent.
The fact that global assets rose so enormously last year was mostly due to price gains in equities. For example, share prices in Austria, Sweden, Saudi Arabia and Israel rose by more than 30 percent. Now, inflation and interest rates are creating a headwind, and the next Global Wealth Report will probably speak a different language. So, it should be a matter of course to hedge part of one’s wealth with gold mining stocks, for example Aurania Resources, Gold Terra Resource or Revival Gold.
Gold Terra Resource Corp. – https://www.youtube.com/watch?v=Dn_KRPL6GDM – owns approximately 800 square kilometers of prime gold country in the Northwest Territories in the Yellowknife Greenstone Belt.
Aurania Resources – https://www.youtube.com/watch?v=6yimnLRjdy8 – is taking care of its flagship project The Lost Cities (gold and copper) in Ecuador.
And Revival Gold – https://www.youtube.com/watch?v=S_kqNjeK0qc – is just pleased to report excellent drill results and gold grades from its Beartrack-Arnett gold project in Idaho.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-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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