Home » Internet, Picture Gallery » Germans\- hunger for gold expands

Germans\- hunger for gold expands


The largest gold reserves worldwide are held by the USA, followed by Germany.

Since the 1950s, the U.S. has held the leading position in the world\-s largest gold reserves. It is well known that gold stands for permanence and value. Wars were fought over gold, for example by the conquistadors in the 16th and 17th centuries. When it comes to the Deutsche Bundesbank and gold, there are exciting facts. The gold is completely physical and is stored in Frankfurt, London and in New York at the Fed. After the end of World War II, Germany had no gold reserves because the Reichsbank\-s gold had been confiscated by the Allies. But then during the period of economic recovery, most of Germany\-s gold reserves were built up. Current account surpluses and the Bretton Woods system led to a peak of 4,033 tons of gold in 1968. Today, gold reserves are shrinking as collector coins are produced and sold in gold. This is done by selling gold to the Federal Treasury.

Today, there are still countries, such as Spain, where gold as coins and bars is not so important for investors. In Spain, the state wants to ensure attractiveness so that the citizens put more private money on gold. Gold reserves in Spain amount to about $17 billion. At the end of 2021, Spain announced that it would issue an annual bullion coin (one ounce). Spain has just approved 40 million euros for an expanded supply of gold coins, compared to a maximum of ten million euros in the past. This is because demand had gone up sharply. In addition to physical gold, an investment in gold companies can also help against inflation and uncertainty, for example in Revival Gold or Skeena Resources.

Revival Gold – https://www.commodity-tv.com/play/revival-gold-pre-feasibility-study-coming-early-2023/ – is working full steam ahead on its Beartrack-Arnett gold project in Idaho. A soon to be completed pre-feasibility study will soon provide more details.

Skeena Resources – https://www.commodity-tv.com/play/skeena-resources-further-drilling-at-eskay-deeps-in-2023-updated-resource-coming-soon/ – is pleased to report expanded zones of mineralization at its Eskay Creek gold-silver mine in British Columbia. It has been producing previously.

Current corporate information and press releases from Skeena Resources (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -).

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 28. March 2023. 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

You must be logged in to post a comment Login


Recent Comments

    © 2023 So-Co-IT. All Rights Reserved. Log in - Copyright by LayerMedia

    Blogverzeichnis - Blog Verzeichnis bloggerei.de Blog Top Liste - by TopBlogs.de Bloggeramt.de