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Travel gold

It is not easy to travel with gold in your luggage. Customs regulations have to be observed

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For example, three men were recently arrested for having 73 kilograms of gold in their hand luggage, which happened in South Africa. The suspicion is gold smuggling, more precisely suspicion of violation of the Trade and Customs Act, now they are on trial. The men had started in Madagascar and their destination was Dubai.

When traveling by air, the customs regulations of the countries must always be observed. If you are leaving the European Union, for example, cash, including gold and silver coins, must be declared if it is worth more than 10,000 euros. If you do not comply, the valuable cargo can be confiscated, and you may be charged.

Gold pleases investors because the price is high. The storage of gold bars or coins, however, must be carefully planned. Whether classically in a safe deposit box or in the house in the safe, there are still people who hide their gold treasures at home - not such a good idea, even if the number of home burglaries has fallen sharply in Corona times. After all, many vacation trips fell away and people sit in their home offices.

An investment in gold shares is easier on the nerves, there are no storage problems and no costs for storage. In addition, you get a leverage on the gold price. One should only be aware that the investment in gold shares should not be a short-term investment.

Among gold stocks, Canagold Resources or Caledonia Mining appeal.

Canagold Resources - https://www.youtube.com/watch?v=4QSJUtZslAc - (formerly Canarc Resource) is developing gold projects in North America, with the New Polaris project in British Columbia having a permit for exploration work. In addition, Canagold Resources is acquiring gold properties with exciting potential.

Caledonia Mining - https://www.youtube.com/watch?v=JzpHxl9aP-U -, with its Blanket gold mine in Zimbabwe, has been a successful producer for years and pays dividends. Rising production volumes and an eye on costs have now led to the fourth dividend increase in the last 15 months.

Current corporate information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/

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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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