The greed for gold

In Germanic mythology, the goddess Gullveig brought the greed for gold upon the gods. The gods demanded the secret of where the source of wealth was located. Eventually, Gullveig was banished, and a war broke out. Germans are particularly fond of gold today. According to a survey, there were almost 9,100 tons of gold in private households in 2021. The German Bundesbank lags far behind, owning only about 3,360 tons of gold. The reason for the large amount of private gold in this country is the Germans‘ inherent need for security. Because worries and fears about the future are looking for a way out, and thus for gold ownership.

Banks and states also strive for hedging and security and buy gold. In 1971, the gold standard ended. Since then, the U.S. dollar has no longer been tied to the national gold supply. And gold continues to be in the great interest of banks and states. Incidentally, one third of German gold owners store their gold treasure at home. A safe deposit box in a bank would probably be a better idea. Gold ownership bans as well as restrictions have existed since ancient times and not only in dictatorships but also in democracies. In more than 120 countries restrictions1973 were still given in the year. However, most of them also came to an end with the end of the gold standard or with the collapse of the Eastern bloc.

Today, investors can bet on gold not only with physical gold, but also with leverage on the gold price with shares of gold companies.

One option would be Vizsla Silver – https://www.youtube.com/watch?v=h-Pc6tkcRAs -, whose formerly producing Panuco property in Mexico contains high-grade gold and silver.

Tudor Gold – https://www.youtube.com/watch?v=M1tQxkYRgu4 – owns the Treaty Creek project in British Columbia’s Golden Triangle, with nearly 18,000 hectares of land.

Latest corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-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/