In the first six months of 2023, the Chinese central bank bought an estimated 353 tonnes. Demand was still strong and a driving force of the price of gold.
There are numerous reasons why all paper currencies die, but in general, the reasons are tied to this same pattern. Holding gold and silver protects you from having paper notes that are becoming increasingly worthless year after year.
Finding ways to actively build a store of value that exceeds the real costs of inflation is the key to success. Hedging is a bit like insurance in that there are costs upfront.
The President of New Pacific Metals joins GoldSeek TV to discuss the inaugural mineral resource estimate for Carangas which shows a huge Silver-Gold deposit with over a 1/4 Billion Silver Ounces! Over 1.8 million Gold Ounces along with Lead, zinc, copper..
