On August 16, an ounce of gold cost USD 2,500 for the first time. A new all-time high was reached at 2,685 US dollars. This is also the first time that the 400-ounce gold bar, which is usually seen in films, has cost more than one million US dollars. This so-called "good delivery bar" is the standard size that is traded and held internationally by central banks. Gold Delivery refers to the rules of the London Bullion Market Association and describes the characteristics of gold (and silver) bars that are traded for settlement on the London precious metals market. The fineness must be at least 995.0 parts per thousand of fine gold. A serial number, the refiner's seal of approval and the year of manufacture must be indicated.
Smaller bars are available for "normal" consumers. The one-ounce bar is significantly smaller than an iPhone, for example. Incidentally, the US retail chain Costco sells gold bars worth up to 200 million US dollars to its members every month in its online store. It is not only central banks that love gold, but also private investors. Especially in these times, when the financial and geopolitical landscapes have become increasingly difficult. The gold price therefore started a dynamic buying impulse in August and then from mid-September. Chart technicians recognize a triangle formation that could perhaps lead to the gold price overcoming the 2,770 US Dollar mark. However, it could also go in the other direction, i.e. downwards. But this would certainly only be temporary, as everything speaks for the strength and attractiveness of gold in the near future. Investors should also take a look at the gold companies and consider investments.
Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ -, for example, is pleased with its Treaty Creek project (Tudor holds 60 percent of it) in British Columbia. It contains gold and copper and covers almost 18,000 hectares.
In Alaska, U.S. GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ - owns 100% of the prospective Whistler project, which also contains gold and copper. The indicated mineral resource estimate has just been doubled.
Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-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/
Smaller bars are available for "normal" consumers. The one-ounce bar is significantly smaller than an iPhone, for example. Incidentally, the US retail chain Costco sells gold bars worth up to 200 million US dollars to its members every month in its online store. It is not only central banks that love gold, but also private investors. Especially in these times, when the financial and geopolitical landscapes have become increasingly difficult. The gold price therefore started a dynamic buying impulse in August and then from mid-September. Chart technicians recognize a triangle formation that could perhaps lead to the gold price overcoming the 2,770 US Dollar mark. However, it could also go in the other direction, i.e. downwards. But this would certainly only be temporary, as everything speaks for the strength and attractiveness of gold in the near future. Investors should also take a look at the gold companies and consider investments.
Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ -, for example, is pleased with its Treaty Creek project (Tudor holds 60 percent of it) in British Columbia. It contains gold and copper and covers almost 18,000 hectares.
In Alaska, U.S. GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ - owns 100% of the prospective Whistler project, which also contains gold and copper. The indicated mineral resource estimate has just been doubled.
Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-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/
