Home » Internet, Picture Gallery » UBS and Credit Suisse and the consequences

UBS and Credit Suisse and the consequences



Shortly after the announcement of the Credit Suisse takeover, memorabilia sold like hot cakes.

Gold bars bearing the name of Credit Suisse appeared on online marketplaces, as did blue and red ski caps with the letters \”CS\”. These were popular in the 1970s and now fetched sellers around 200 US dollars. Some buyers also secured Swiss financial history in the form of sports bags or stamps. Because the Credit Suisse brand could soon be over once the merger with UBS is completed. Incidentally, souvenirs related to Lehman Brothers were also in demand during the 2008 financial crisis. Many questions now arise, after all, the merger will create an institution with great market power (1.7 trillion U.S. dollars). Also, after the merger, 25 percent of the Swiss mortgage market will be under one roof. But whether a new financial crisis would have occurred without the merger remains questionable.

In any case, buying gold bars is always a good idea. It is obvious that the banking crisis has triggered a loss of confidence. All the more reason for gold to gain in importance as a safe haven. Thus, large speculators and also small speculators have ensured increases in net long positions. Last year, the gold price averaged around USD 1,800 per troy ounce, and the situation was similar in 2021. So compared to 2019, there has been a significant increase. After all, the pandemic and the Ukraine war, the end of which is not yet in sight, as well as inflation and economic and geopolitical uncertainties also had an impact. Those who do not want to deal with the storage of physical gold, can also put shares in gold companies in the form of shares in the deposit.

Golden Rim Resources – https://www.commodity-tv.com/play/golden-rim-resources-well-funded-for-exploration-in-2023-following-recent-financing/ – with its advanced gold project in Guinea would come into consideration. A second gold project is located in Burkina Faso. In Chile, the company still has two projects with copper, silver, zinc and lead.

Gold and gold-copper projects in North and South America are the focus of GoldMining – https://www.commodity-tv.com/play/goldmining-ceo-insight-on-ipo-of-u-s-goldmining-with-the-whistler-project/ -. A subsidiary, U.S. GoldMining is currently taking care of the IPO.

Latest corporate information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -).

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 30. 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