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Desperate hunt for yield forces investors to take 'extreme risk'
So why don't they just start buying gold instead?
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By Colby Smith
Financial Times, London
Sunday, July 26, 2020
The hunt for yield is getting harder than ever for fixed-income investors. Roughly 86 percent of the $60 trillion global bond market tracked by ICE Data Services traded with yields no higher than 2 percent -- a record proportion -- with more than 60 per cent of the market yielding less than 1 percent as of June 30.
... Dispatch continues below ...
Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System
Company Announcement via Globe Newswire
Thursday, July 2, 2020
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.
The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:
In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...
... For the remainder of the announcement:
This has pushed investors into riskier segments in search of income, compelling them to lend to lower-quality companies and countries. Just 3 percent of the investable bond world today yields more than 5 percent -- a share that is close to an all-time low, and represents a precipitous drop from levels seen roughly two decades ago.
"Yield-chasing behaviour has become much more pronounced," said Matt King, global head of credit products strategy at Citigroup. "If you are a pension fund or an insurance company, you are forced to go down in quality and take extreme risk." ...
... For the remainder of the report:
Toast to a free gold market
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