RENK AG O.N.

Commented by Armin Schulz on February 21st, 2024 | 07:30 CET

Barrick Gold, Desert Gold, Renk - Golden times everywhere?

• Mining
• Gold
• Defense

The world is full of economic uncertainty and geopolitical tensions. These are ideal conditions for gold, which is still considered a safe haven. There are now several factors that point to a sustained upswing in gold prices. One factor is the increased involvement of central banks, which are increasing their reserves to an extent not seen for decades. Another factor is the discussion within the BRICS nations about introducing a new currency backed by gold as a counterweight to the dominant US dollar. Therefore, today, we look at two gold companies and shed light on Renk, a representative of the defense industry, which is also experiencing golden times.