A view from the world's tallest building, the Burj Khalifa, is an experience. The sight of the 300-kilogram gold bar is no less beautiful. The previous record of 250 kilograms was held by a gold bar from Japan. The "Dubai bar" consists of 9600 troy ounces of gold, i.e. 24 Good Delivery gold bars (each containing 400 ounces of gold) and is worth around 25 million US dollars. After 19 years, Japan was thus knocked off its throne. The 24 gold bars were placed in a large crucible, the gold was heated to 1,064 degrees Celsius, it melted and cooled down to create the new giant gold bar with a purity of 99.99 percent. It now sits in a display case. The second largest gold bar in the world was produced in Japan in 2005 and can be found in the Toi Gold Mine Museum in Toi.
Back in 2000, Japan took first place with a 200-kilogram gold bar. Then in 2004, a 220-kilogram gold bar was produced in Taiwan, which at the time was number one in the hit list of the largest gold bars. For this, the Taipei district government had to borrow gold from the Taiwanese central bank. Eight strong men were responsible for the transportation. This international competition demonstrates the importance of the gold market. The gold markets of Japan and Taiwan have now been overtaken by Dubai. The Dubai gold market is growing and gaining global dominance. It will be interesting to see when Dubai's record will be broken. If at all, because Dubai is rich. Unlike Japan or Taiwan, which display their record gold bars in museums, the Dubai gold bar is set to find its way into the capitals of the world's gold markets, thus demonstrating Dubai's desire to strengthen its own gold market even further.
Gold comes from the gold mines, for example from the Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - properties. The projects are located in Mexico, as well as in Peru, Burkina Faso, Argentina and the Ivory Coast. Production of around 450,000 ounces of gold equivalent is expected for the current year.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - owns mines in the USA and Nicaragua, is a medium-sized gold producer and is also debt-free. Gold production of around 240,000 ounces is expected for the full year 2024.
Current company information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -) and Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-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/
Back in 2000, Japan took first place with a 200-kilogram gold bar. Then in 2004, a 220-kilogram gold bar was produced in Taiwan, which at the time was number one in the hit list of the largest gold bars. For this, the Taipei district government had to borrow gold from the Taiwanese central bank. Eight strong men were responsible for the transportation. This international competition demonstrates the importance of the gold market. The gold markets of Japan and Taiwan have now been overtaken by Dubai. The Dubai gold market is growing and gaining global dominance. It will be interesting to see when Dubai's record will be broken. If at all, because Dubai is rich. Unlike Japan or Taiwan, which display their record gold bars in museums, the Dubai gold bar is set to find its way into the capitals of the world's gold markets, thus demonstrating Dubai's desire to strengthen its own gold market even further.
Gold comes from the gold mines, for example from the Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - properties. The projects are located in Mexico, as well as in Peru, Burkina Faso, Argentina and the Ivory Coast. Production of around 450,000 ounces of gold equivalent is expected for the current year.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - owns mines in the USA and Nicaragua, is a medium-sized gold producer and is also debt-free. Gold production of around 240,000 ounces is expected for the full year 2024.
Current company information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -) and Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-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/
