Foresight is good
The so-called anonymous table business is appreciated by investors. Until the end of 2019, gold up to a value of EUR 9,999.99 could be bought without naming the name. Its beginning of 2020 this limit was lowered to 1,999.99 euros. It remains to be seen whether the purchase of gold and silver will be more restricted. Precious metals can still be bought in the desired quantity upon proof of identity.
The Money Laundering Act is cited as the reason for the restrictions. However, the reasons could also lie elsewhere. Because if the monetary system were to operate without cash, then comprehensive control would lie entirely with the banks. These tendencies can be seen, since in various countries the permission for cash payments is already being restricted more and more. And these limits apply to all transactions, not just precious metals transactions.
So it should not be wrong to observe the situation. A gold trading ban would be an extreme decision, but it is always worth being well prepared, especially when it comes to your own finances.
In the last twelve months the price of gold has risen by about 35 per cent. Whereas gold cost around 1,300 euros about a year ago, it is currently just under 1,720 euros. This meant that a healthy profit could be made on who was invested. But further price increases are generally expected. Especially with good gold stocks further profits can be made.
OceanaGold is one of the medium-sized gold producers. - https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ - Projects in the USA, New Zealand and the Philippines generated revenues of US$234 million in the first half of 2020. Production increases are expected in the second half of the year.
Karora Resources - https://www.commodity-tv.com/ondemand/companies/profil/karora-resources-inc/ - also successfully produces gold. The Beta Hunt and Higginsville projects in Western Australia are now complemented by the acquired Spargos Reward gold project (indicated mineral resource of 112,000 ounces of gold).
Recent corporate information and press releases from OceanaGold (https://www.resource-capital.ch/de/unternehmen/oceanagold-corp/) and Karora Resources (https://www.resource-capital.ch/de/unternehmen/karora-resources-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the companies addressed in each case and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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