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A look at the gold of France

At a time when many central banks are piling up gold, France is going other ways

The vice-governor of France, Sylvie Goulard, announced last October that the goal was to make Paris a marketplace for gold. The vault of the Parisian bank was renovated so that forklift trucks could also be used to move gold bars. Behind this, however, is probably the desire to do lucrative business with gold.

According to Reuters JP Morgan, the "commercial bank in the gold market" involved in this event, of which Sylvie Goulard spoke, is after all a leading speculator in the commodity and currency market. It is recalled that JP Morgan confessed in December 2018 to years of manipulation of the precious metals market. Gold is a sensitive monetary commodity and the gold market is sometimes very opaque.

The Banque of France is said to have 2,436 tons of gold in its coffers. The central banks buy gold as seldom before, even those that have not been among the buyers so far, and France wants to mobilize the French gold stock. But what would happen in the event of another financial crisis? France would be in the dark without gold. For if the euro no longer has any value due to an economic or political crisis, one would be happy about gold stocks.

So let us not take France, but the other countries as a model and bet on gold or gold stocks. There's, like, Orsu Metals - https://www.commodity-tv.net/?v=298821. The Company's main focus is on the Sergeevskoe Gold Project in the Russian Federation, 90 percent of which is owned by Orsu Metals. An economic valuation is expected in the first quarter of 2019.

Aurania Resources - https://www.commodity-tv.net/c/search_adv/?v=298827 - is pursuing a particularly interesting project with its Lost Cities project in the Andes in southeastern Ecuador. Very good metal contents give reason to hope for a lucrative project with precious metals and copper.

Latest company information and press releases from Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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