Sumatra - the island of gold
Fishermen in Sumatra discovered a massive treasure trove. Among them was a jewel-studded life-size Buddha worth millions, as well as coins, rings, precious stones and monk bells. Accumulated all this was a mighty kingdom, the civilization of Srivijaya, which mysteriously perished some 700 years ago. With increasing maritime trade in the sixth and seventh centuries, a huge Chinese market opened up, a great deal was exported. The power of Srivijaya was based on the control of international maritime trade, which extended to China and India. Presumably, the empire controlled access to the sea from China. Srivijaya also had the necessary navy. By the end of the 12th century, power waned, treasures were taken, and Srivijaya shrank to a small kingdom.
Sumatra was called the island of gold in ancient times because it had rich gold deposits. Incidentally, there is also an island that is now called the island of black gold. It is called La Réunion, a French overseas outpost. The black gold refers to a spice, namely vanilla. Kingdoms and power are lost over centuries, gold, on the other hand, outlasts these times and retains its value and thus its purchasing power. In any case, investors never go wrong with gold and gold values. The gold price is still scratching the 1,800 US dollar mark. But when it goes up in price, gold companies with leverage to the gold price profit.
Take Skeena Resources - https://www.youtube.com/watch?v=zVqFPB0RALI -, for example. The company is making good progress with the revival of its Eskay Creek and Snip gold-silver mines in British Columbia.
Tarachi Gold - https://www.youtube.com/watch?v=oi0GmtOrxLM - is also working vigorously on its projects in Mexico. In total, the Tarachi project covers an area of approximately 3,700 hectares.
Current corporate information and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/).
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