A look at the gold of France
At a time when many central banks are piling up gold, France is going other ways
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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).
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