Savings behavior changes during the crisis

Since the Covid 19 pandemic, more savers have been looking to build wealth. Pensions and stocks have become more important.

Surveys show that savers in Germany are starting to rethink. In October 2019, around 75 percent wanted to save about as much in 2020 as in 2019, so many have now given up their savings plans. At the same time, the number of those who are interested in retirement provision and shares increased.

Because society is changing. Demographic change (society is aging) is in full swing. Future-proof strategies are in demand; there is enough uncertainty in the 21st century. Retirement planning has become a key issue.

It has not been easy for savers in the past 20 years. A total of four financial and savings crises caused excitement. The savings in German households have risen steadily. So what to do? The long-term consequences of the corona pandemic are difficult to assess. The situation in Europe, the saber-rattling between the USA and China and the environmental problems all weigh heavily.

Investing money safely is a big wish of savers. Security and return are paramount. Precious metals, especially gold, have proven themselves over the millennia. Silver is also a good investment. Diversification is achieved through various instruments such as physical precious metals and also stocks of the precious metal companies.

The promising gold companies include, for example, OceanaGold or Treasury Metals. OceanaGold – – is a strong company that produces gold, silver and copper. In the first quarter of 2020, sales were nearly $ 140 million. The portfolio includes the projects Haile (USA), Waihi and Macraes (New Zealand) and Didipio (Philippines).

Treasury metals – – owns the high-grade Goliath gold project in Ontario. The recently added neighboring Goldlund project has created two gold properties that can now be developed together.

Current company information and press releases from OceanaGold (- -) and Treasury Metals (- -).

In accordance with section 34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies in question and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of this news applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Attention is drawn to the risks in securities trading. No liability can be accepted for damage arising from the use of this blog. I would like to consider that stocks and especially warrant investments are inherently risky. 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 content. Despite the greatest care, I expressly reserve the right to make a mistake, particularly with regard to figures and courses. The information contained comes from sources that are believed to be reliable, but in no way claim to be correct and complete. Based on judicial judgments, the content of linked external sites is also responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as there is no explicit distance from them. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The Swiss Resource AG disclaimer also applies:

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that has been posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content is particularly recognizable by a corresponding “von” label below the article heading and / or by the link “To read the full article, please click here.”; the named third party is solely responsible for this content.

Related Articles

Back to top button