Noble in the ground
Lockers can go into money for years. When investing in precious metals, smart investors therefore also think of gold, which is still safely stored in the ground.
Once you get a locker, it costs 80 to 100 euros a year, often more. After all, this is also over several years seen still clearly cheaper than a suitable safe in your own house to be built in. Because from the household contents insurance there are conditions for it, which investors should consider, so that their protection remains. But not everything is safe even in bank lockers. If, for example, a bank robbery occurs, the assets there are usually only rudimentarily insured or up to 25,000 euros. A higher sum should therefore be insured. That can be money again.
In the case of the supposedly safe storage locations, it is therefore important to pay close attention to what is insured. Sometimes your own household insurance also helps with extra protection for bank lockers. In any case, it will usually be said that locker capacities are exhausted if an investor wants to keep his treasure.
Investors who want to invest in the precious metals sector via the basic security with gold can therefore also think of the more speculative shares of companies with gold projects. In these societies, the precious metal is naturally still hidden in the ground. Management errors, geological conditions, political influences and commodity prices can have a negative impact on share prices. But the gold in the ground should not be stolen so easily. Orsu Metals and Cardinal Resources have examples of gold stocks that may be of interest to risky investors.
In Africa, politically stable and democratic Ghana, Cardinal Resources - https://www.commodity-tv.net/c/search_adv/?v=298484 - is working on its gold projects. In particular, Cardinal Resources' Namdini project is one of the most promising areas in Ghana. The development is planned for the third quarter of 2019. A preliminary feasibility study assumes ore reserves of 4.76 million ounces of gold.
Orsu Metals - https://www.commodity-tv.net/c/search_adv/?v=298604 - owns 90 percent of the Sergeevskoe Gold Project in Russia, Eastern Siberia. The necessary infrastructure is available. The neighboring mines, one formerly producing and one still producing, have resources of approximately 5.5 and 2.2 million ounces of gold, respectively. Orsu Metals was already able to identify high-grade gold and silver inclusions on its project.
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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