GOLD

We are also one of largest gold producers, with our peers being other global gold mining companies producing similar levels of annual production. For gold, demand is largely driven by its status as a safe haven, with consumers and investors buying the metal to protect their savings and purchasing power and as a means to diversify away from the US dollar. In some markets gold has strong cultural allure, with China and India leading the demand for gold jewellery. Mine output accounts for the majority of the global gold supply, with the remainder coming from recycling.

Raw material gold – no other material is so associated with luxury, elegance and durability. Gold has been used in the form of jewelry for thousands of years and was probably already used as currency around 560 BC. In this function, however, the raw material gold is no longer used for almost 50 years. Today, coins as well as gold bars are an attractive investment and are considered a crisis-proof investment. The way from the raw material gold to the piece of jewelry, to the coin or to the gold bar is long. After the gold has been mined, it is refined and then manufactured. In this way, even the rock, which at first hardly differs from any other, becomes one of the most valuable materials in the world.