Gold in and dollars out
Currently 18 percent and next year 20 percent Russians have to pay when buying gold - unlike here in Germany. It is said that many people in Russia are keen to invest and, above all, buy gold. The abolition of VAT would of course be an incentive. In Kazakhstan, the abolition of value-added tax has already led to a sharp rise in demand for gold.
By the way, the Russian leadership buys gold from China and pays with rubles. Because father Russia no longer likes dependence on the United States so much. U.S. bonds are being sold and gold is being piled up, according to voices from the Russian financial sector. A fifth of Russia's central bank reserves are now to consist of gold and foreign exchange from China.
The reason for this development is the imposition of sanctions by the West against Russia. Russia prefers to approach the East and tries to escape the United States' grip. Today Russia owns just over 1,650 tons of gold, because since November 2017 alone, the gold stock has been increased by around 81 tons.
Investors cannot avoid gold as the perfect investment and, above all, protection. Here, an investment in well-established gold companies such as Bluestone Resources or Osisko Gold Royalties could also be considered.
Bluestone Resources- https://www.commodity-tv.net/c/search_adv/?v=298564 - is developing the Cerro Blanco gold project (a total measured resource of 96,184 ounces of gold or 290,153 tonnes grading 10.31 grams of gold per tonne of rock) and the Mita Geothermal Project in Guatemala. The latter already holds a licence to build and operate a 50 megawatt plant.
Osisko Gold Royalties - https://rohstoff-tv.net/c/c,search/?v=298465 - owns more than 130 royalties, precious metal purchases and streams. The company thus has a stake in outstanding precious metal properties. These include the Canadian Malartic Mine, Canada's largest gold mine. Other investments include Barkerville Gold Mines, Osisko Mining and Falco Resources.
Current company information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd.html) and Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc.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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