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Bringing gold home is modern

More and more countries are bringing their gold from abroad to their home countries. Especially from the Federal Reserve Bank of New York is withdrawn the gold

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.

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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PDAC 2019

Always up to date with the newsletter from SRC

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 info@resource-capital.ch. 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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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