Bringing gold home is modern
Romania is now also interested in bringing gold home. Germany, the Netherlands and Austria have already done it, Hungary has announced it. 61 tons of gold belonging to Romania are to be stored at the Bank of England and find their way home again. That's what a current bill wants. In total, the Romanian gold reserves should amount to a good 103 tons. By the way, Romania wants to become part of Euroland in 2022.
But there are also voices in Romania that fear that gold will only be fetched to improve the budget. Wage increases for public employees and an expansive fiscal policy are increasing the budget deficit. Inflation is increasing and reducing the disposable income of Romanian citizens. Whether the gold should only be brought home to be stored at home remains questionable, at least.
Just think of Venezuela, which is much deeper in the crisis, but has taken gold from its central bank to counter the crisis. Gold as a crisis currency, but also as a means of preserving value, is therefore still the horse on which it is worth betting. Private investors should also think about investing in gold and gold companies. Gold companies like Bluestone Resources or Aurania Resources.
Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=298852 - owns the Cerro Blanco gold project in Guatemala (drilling results up to 27.9 grams of gold and up to 260 grams of silver per tonne of rock). According to the feasibility study, this is expected to yield an average of 146,000 ounces of gold per year over the first three years. The total costs amount to a favourable 579 US dollars per ounce of gold.
Aurania Resources - https://www.commodity-tv.net/c/search_adv/?v=298827 - focuses on precious metals and copper in its projects. The main project is the Lost Cities project in the Andes in Ecuador, which combines state-of-the-art techniques with professional historical archive work. Samples have already produced good results.
Current company information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc.html) and 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.
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