Among other things, the COVID-19 pandemic has also had an impact on the world's precious metals market.
Due to the crisis caused by the spread of the virus across the planet, in the last few months alone the countries' central banks sold more gold than they acquired. Such a situation was observed in the world for the first time since 2010 and gold producing countries are trying to soften the blow from quarantine measures.
A report from the World Gold Council indicates that the volumes of net sales in the third quarter of this year amounted to 12.1 tonnes of gold bars. However, a year ago the world's central banks bought 141.9 tons of the precious metal.
According to the World Gold Council, the most active sellers of their gold reserves were Uzbekistan which sold 35 tons of gold and Turkey with 22 tons of the precious metal sold. It is noteworthy that the Russian Federation also sold its first bars after having been purchasing for 13 years and their weight amounted to 1.2 tons.
The coronavirus has also affected the luxury life trends among the world's powerful people. For example, Israeli jewelers have order-made the most expensive protective mask on the planet using 18-carat white gold inlaid with diamonds. At the same time, that unique and precious medical mask has the highest level of protection, since the product is equipped with top quality filters.
The cost of the product is estimated at about 1,500,000 US dollars, and the mask's 18-karat white gold is inlaid with 3,600 black and white diamonds.
The total weight of the face mask is 240 grams which is 100 times more than the weight of a standard medical mask.
According to rumors, the customer for that unique device, a Chinese businessman living in the United States, put forward the him requirement for a guarantee that "the jewelry masterpiece has to be ready by the end of 2020 and must become the most expensive among such products in the world."
"Invest only in gold." - Frank Gistra The interview with a Canadian billionaire Frank Gistra, which he gave to the analytical company Stansberry Research, was marked by a statement of the famous financier that "the US dollar can no longer be considered as a safe asset for storing savings in." The purchasing power of the dollar continues to decline, and the stock markets are now so overwhelmed that they "have become detached from the real economy and do not in any way reflect the real situation in the world," said the recognized investment expert. Gistra is confident that "it will take a very long time before the economy recovers from the negative effects of the spread of Covid-19." Therefore, he strongly discourages investors from investing in government bonds or keeping large amounts of cash - all of those investment instruments will not survive the inflation of the next years, which is predicted only to grow while gradually devaluing the world's fiat currencies. In such a situation, one can only talk about investing in gold, assures Frank Gistra. He believes that gold is "one of the few assets that can protect your wealth from destruction." In addition, Gistra is sure that it is necessary to buy gold right now, since its value is still very far from the maximum indicators which are expected in the near future.
Dear ORO ONE Members, we are excited to announce about opening of the NEW OFFICE IN AFRICA, Pretoria Gauteng.
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The price of gold "rushed up" from the first days of 2021
The beginning of the new 2021th year was marked by a noticeable increase in the price of gold, showing a mark above $ 1,900 per ounce of the precious metal.
Dear Oro One Leaders!
We are happy to announce the start of the New Program which is the trigger for all the Leaders to be more acted and to be rewarded for their efforts.
“THE LEADER OF THE MONTH” START OF THE PROGRAM.
Who can participate? - Absolutely all the Leaders who are willing to go towards your own success and hit your own targets.
How are the Leaders are going to be extra rewarded for being active?
1 - “Top recruiter” - a Leader with the most amount of recruiters/referrals invited to the company will receive additional bonus of 1 Preliminary Silver registration.
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ORO ONE company always evaluate, support and reward the active Leaders who are willing to earn, learn constantly and work hard.
The TOP LEADERS will be announced and rewarded monthly.
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