Gold is money - and should not be eaten
Whether one should enjoy one's meals gilded with the precious metal, as at the turn of the year Franck Ribery in Dubay, is at least extremely controversial. The soccer player from Bayern Munich consumed a Ribeye steak covered with gold leaf during his holidays, costing around 1,200 US dollars. But there is also ice decorated with gold, for example.
Gold, however, should be seen as what it is, namely the ultimate asset protection. Risks in the financial system and in the markets make smart people grab gold. Security is the magic word, because already - in view of the immense debts worldwide and the creation of unreal assets - many see the greatest destruction of assets that the world has ever seen approaching us.
Gold is not an object of speculation, but the real possibility to defy current and future financial adversities. What is interesting in this context is how the gold price in many countries has developed against the respective national currency. Due to currency and economic crises, the price of gold rose by almost 2.5 million percent in Venezuela, 39 percent in Turkey and almost 100 percent in Argentina.
As gold is clearly undervalued from today's perspective, a portfolio should include physical gold as well as shares of selected and well positioned gold companies such as TerraX Minerals or Maple Gold Mines.
TerraX Minerals - https://www.commodity-tv.net/c/search_adv/?v=298245 - owns one of Canada's six major gold districts, the Yellowknife City Gold Project in the Canadian Northwest Territories. Best infrastructure facilities and up to 63 grams of gold per ton of rock for drilling speak for the project.
Maple Gold Mines - https://www.commodity-tv.net/c/search_adv/?v=298484 - is also working on its Douay gold project in one of the best gold areas in Quebec. The project is expected to contain approximately 3.2 million ounces of gold, with several directions still open for further gold discoveries.
Latest company information and news releases from TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc.html) and Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-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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