Markets

China’s gold market

China has been the largest market for gold bars and gold coins since 2013. The established good reputation of the banks is a key factor here.

The World Gold Council has looked at the Chinese gold market in depth. Chinese investors are betting heavily on the precious metal. Gold bars come third, followed by gold coins and gold jewelry. Particularly safe investments are in demand, such as gold, insurance and savings accounts. 72 percent of the Chinese are already invested in gold. That’s a lot, but there is still a lot of room for improvement.

The Chinese banks made gold products easily accessible across the country. For example, non-physical gold products such as gold ETFs and gold stocks became increasingly popular and even led to a decline in physical gold sales at banks. The World Gold Council currently sees a good economic environment for the banks to revive their gold business. Because investment demand should definitely be good in the medium term.

This is mainly due to the low interest rates, feared inflation scenarios and global uncertainties. The demand for gold bars and coins rose sharply in the third quarter. Wealthy Chinese and increasingly young investors want to maintain and increase their wealth with gold investments.

In this country, too, the zero and low interest rates are gnawing at the wealth of every individual. An investment in gold or with leverage in gold stocks comes into question, for example in Victoria Gold or Bluestone Resources.

Victoria gold – https://www.commodity-tv.com/play/victoria-gold-reached-commercial-production-at-the-eagle-gold-mine/ – was able to start up the Eagle gold mine in the Yukon this year. It is located on Victoria Gold’s wholly owned Dublin Gulch gold property, which extends over 555 square kilometers.

Bluestone Resources – https://www.commodity-tv.com/play/bluestone-resources-virtual-roadshow-investor-presentation-august-2020/ – owns the Cerro Blanco gold project and the Mita geothermal project in Guatemala. The latest drill results returned up to 1,380 grams of gold over 1.2 meters at Cerro Blanco.

Current company information and press releases from Victoria Gold (- https://www.resource-capital.ch/de/unternehmen/victoria-gold-corp/ -) and Bluestone Resources (- https://www.resource-capital.ch/de/unternehmen/bluestone-resources-inc/ -).

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