Investors turn to gold and government bonds in times of crisis

This flashpoint is influencing operations by the US and is also having an impact on the gold price. Shortly before the attack by Iran, the gold price fell, but then recovered quickly. Gold is regarded as a safe haven, as one of the advantages of gold is its liquidity. As a rule, gold bars can be exchanged for cash without any problems. Almost 90 percent of global annual gold production even changes hands every day. According to data from the World Gold Council, gold is the second most liquid asset of all.

The US dollar and ten-year government bonds are also currently in demand. Over the past three months, the US dollar index DXY has risen by 2.7% and the yield on ten-year US government bonds by around 14%. Private investors are selling coins, gold bars and jewelry because they are attracted by the record high gold prices. This is understandable, but perhaps not the right way to go, because who knows where the gold price is heading. The situation with gold ETFs is that gold is flowing out and not flowing in. This is absolutely unusual, but recently gold and the US dollar have gone up in parallel. It was different between 1998 and 2008, for example, when the US dollar fell sharply in value.

At that time, the price of gold almost tripled. Gold has been anchored in the financial system for decades. Gold dates back some 5,000 years in the history of mankind. Gold was and still is a symbol of wealth. Gold is still revered in numerous cultures today and has never lost its significance. And gold is still a rare commodity, with only around four kilograms of gold per billion kilograms of the earth’s crust. Gold in the ground is owned by gold companies such as GoldMining or Skeena Resources.

GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ – owns gold and gold-copper properties in North and South America and one of the largest gold resources in the world.

Skeena Resources – https://www.commodity-tv.com/ondemand/companies/profil/skeena-resources-ltd/ – is working to revitalize two past producing gold properties in British Columbia’s Golden Triangle.

Latest corporate information and press releases from Skeena Resources (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -).

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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