Gold Stands for Security
(PresseBox) - Once again, a credit institution in Russia has had its assets confiscated.
Due to Russia's aggressive war against Ukraine, Western countries have imposed sanctions. Confiscations or seizures of assets have affected, for example, JP Morgan, Commerzbank, or Unicredit. Now, it's the turn of Deutsche Bank. This involves €238 million in the form of deposits, real estate, and securities.
In contrast, the virtues of gold lie in its security and stability. Even though some criticize its lack of interest or dividends, gold is in demand as a crisis currency and benefits worldwide from historical esteem. Some critics of the precious metal point to the famous investor Warren Buffett, one of the wealthiest people on Earth. He never showed interest in gold and often expressed negative views. However, in a surprising turn of events in 2020, Buffett invested approximately $560 million in a gold company, namely Barrick Gold. Roughly two months later, Buffett exited his position, having profited well from the increased price of gold due to the COVID-19 crisis. Buffett argues that gold is an asset that will never produce anything; it will remain lifeless forever.
Investors who have invested in gold, however, will rejoice at the currently high gold prices. Even the warnings of a world-renowned investor do not change this fact. And ultimately, gold is not meant to produce anything; rather, it serves as a source of protection in times of crisis. Moreover, gold can yield good returns, as history has shown. Even Buffett has admitted that the belief that fear boosts gold demand has proven to be correct in recent years.
Interesting for Gold and Silver is Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ - with his three projects in Mexico.
In the royalty sector, Gold Royalty - https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ - is notable. The company holds streams and royalties in the gold sector across North and South America.
For current company information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/de/unternehmen/sierra-madre-gold-and-silver-ltd/ -) and Gold Royalty (- https://www.resource-capital.ch/de/unternehmen/gold-royalty-corp/ -).
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Unternehmensinformation / Kurzprofil:
Datum: 21.05.2024 - 09:59 Uhr
Sprache: Deutsch
News-ID 705773
Anzahl Zeichen: 4410
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
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"Gold Stands for Security"
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