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Gold is the means of storing purchasing power





 

This storage has potential monetary collateral that can be repaid at some point.

Gold can support confidence-based currencies that have lost the confidence of the mark. For example, the governor of the Dutch central bank, Klaas Knot, talks about the revaluation of gold. This is because it is intended to restore the bank\-s solvency. Voices are being raised that central banks are now striving to drive up the price of gold. Gold has proven itself as the standard security for money. Gold has always been money. It is not currently used as a currency or medium of exchange, and it has not backed a currency since 1971. Some see gold as a speculation that it will eventually be again. In the third quarter of 2022, central banks added a record amount of nearly 400 tons of gold to their holdings. That\-s 300 percent more than in the same quarter a year earlier.

Since the beginning of 2022, 673 tons of gold have been purchased by central banks, which is more than any other year since 1967 (when the U.S. dollar was still backed by gold). This figure, by the way, was arrived at by combining reported purchases with a significant estimate for unreported purchases, according to the World Gold Council. Countries that do not report their gold purchases regularly or only after a long delay include China and Russia. Gold prices have been falling for months, but investors might want to follow the lead of central banks and get in on gold. Gold companies such as Tarachi Gold or Osisko Development could be considered.

Tarachi Gold has two projects in Mexico, Magistral Mill and Tailings in Durango and the Tarachi Project along the Sierra Madre Gold Belt. Gold, silver, copper and zinc are the contained commodities.

Osisko Development – https://www.youtube.com/watch?v=L5DSJRy1B2w&t=592s – has the prospective Cariboo gold project in British Columbia in its portfolio. In addition, there are other promising projects in the USA and Mexico.

Current corporate information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/





Posted by on 9. November 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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