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Rich, richer, Musa

The richest man on earth once bet on gold. Even today, the precious metal is still the bearer of value preservation. Whoever bets on gold is therefore right in the long run. This should also apply to good gold stocks.

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Mansa Musa I, King of Mali, is considered the richest man who ever lived on earth. His property is estimated by historians at the peak at around 360 billion euros (400 billion US dollars). Much of it was held in gold by the ruler who led the city of Timbuktu to prosperity. At the age of 33, the ruler of Mali probably took over the throne in 1313. His wealth came from trading mainly in salt, which was produced in the country and was important for commercial travelers.

In 1324 Mansa Musa embarked on a pilgrimage to Mecca. His entourage is said to have comprised about 70,000 people. The king of Mali financed this trip with gold. The precious metal was also at that time the best and most mobile value store in North Africa and accepted everywhere. In Cairo, Mansa is said to have spent a lot of gold, which led to high inflation and even a collapse in gold values. But the price of gold has also dented again over the next few decades.

The history of Mansa Musa shows that gold can store wealth, is mobile and also corrects value declines, at least in the long term. Anyone who therefore also bets on gold today should not be wrong in the long run. Shares of gold companies can also be used for short-term investments. Especially in times of an increased gold price, such as the present one, they can be a dynamic component for risk-conscious investors as a depot addition.

An example of a promising gold share from today's perspective is GoldMining - https://www.youtube.com/watch?v=64LwDmT8Nxo - . Their projects are located in Brazil, Colombia, Canada, Peru and the USA. With gold resources of around 23 million ounces, GoldMining is one of the world's largest gold mining companies.

 

Today, wealth is no longer achieved with salt. High-tech is the new magic word. In this segment of the economy, mobility based on electricity is currently very much the focus of attention. Powerful batteries are required for this to work. One element that is very important for electromobility is cobalt. It is needed for just powerful batteries. A company with promising cobalt projects is First Cobalt.

First Cobalt - https://www.youtube.com/watch?v=bsxhKJJY1sk - owns the Iron Creek Cobalt Project in Idaho. In addition, the company's cobalt refinery is of particular importance. In cooperation with Glencore, the plant will produce over 5000 tonnes of cobalt per year from third-party material in 2021.

 

Current corporate information and press releases from GoldMining (www.resource-capital.ch/de/unternehmen/goldmining-inc/) and First Cobalt (https://www.resource-capital.ch/de/unternehmen/first-cobalt-corp/).

 

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for
damages arising 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. For the correctness of all contents however no guarantee is taken over. Despite the greatest care, I expressly reserve the right to make an error, particularly with regard to figures and prices. The information contained herein has been obtained from sources believed to be reliable, but does not claim to be accurate or complete. Due to judicial judgements the contents of linked external sides are to be answered for also (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no express dissociation from these takes place. Despite careful content control, I do not assume any liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/

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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 [email protected] 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.

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