LONDON, Jan. 27, 2021 (GLOBE NEWSWIRE) — In periods of financial disaster, gold has confirmed to be a long-standing safe-haven funding automobile. Being restricted and its multifunctional use has made this treasured steel a sought-after commodity by way of the recorded human historical past. No matter type could or not it’s — bodily or paper — gold is the world’s go-to monetary hedge in relation to any financial uncertainty. Remington Sterling understands this; that is why this commodity monetary agency proclaims its plans of buying gold mines to assist their purchasers in opposition to inflation and financial downturns.
Gold’s effectiveness as a safe-haven asset underwent a tough take a look at throughout the 2020 coronavirus pandemic. Traders, merchants, people, and even central banks took an effort in buying gold belongings on a worldwide scale. This resulted in constant value volatility and affirmation of gold’s intrinsic worth. Remington Sterling is on the forefront of this and plans to accumulate gold mines sooner or later.
“In 2020, the coronavirus pandemic has introduced us with a tremendous alternative to accumulate current functioning gold mines. Gold is an inflation and recession-proof asset class that has proven robust resilience throughout many international crises for the previous century. Be it the Power Disaster within the 70s to the International Monetary Disaster in 2008; gold all the time comes out the winner,” says Joseph Riley, COO of Remington Sterling.
All through the early levels of the COVID-19 pandemic, gold was a staple asset within the international monetary market. Increasingly more establishments are stockpiling gold as an insurance coverage coverage in opposition to the unknown. It’s because gold is and can all the time be a monetary safe-haven for all.
“Since final 12 months, we’re extraordinarily bullish on gold and we’ve got launched into gold mine evaluations all over the world. Our staff of finance and geological consultants has been conducting rigorous on-site assessments and monetary modelings to make sure the standard of gold produced is as much as normal and the best grade doable,” concludes Riley.
Remington Sterling’s first gold mine acquisition will quickly be introduced within the first quarter of 2021.
About Remington Sterling
Remington Sterling is a commodity monetary agency that gives monetary options that facilitate commerce and mitigate trade-related dangers for firms doing enterprise in rising and developed markets. By tapping into its wealth of expertise within the provide chain, finance, and technological experience, Remington Sterling can cater to the wants of companies of all sizes, enhancing their cash-flow and securing the debt assortment each in home and in worldwide markets.
Media contact
Firm: Remington Sterling
Contact: Gabriel Roberts
E-mail: marketing@remingtonsterling.com
Web site: https://remingtonsterling.com/
A photograph accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/794dfc4d-669c-4200-90ab-830bfa763d3a
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