Even if the digital euro comes, gold remains the first hedge of choice.
Investors and central banks will always rely on gold. This is because it is an alternative to digital money, which can be multiplied at will. And unlike fiat currencies, gold is stable in value. With the digital euro, the European Central Bank would probably have new options when it comes to multiplying money. Gold will therefore retain its position as a store of value. And should the path go in the direction of abolishing cash, then this can actually only increase the attractiveness of gold. Gold exists as money and is always ready for use in transactions. Digital currencies increasingly lead to spending money.
This is because research found that people are more hesitant to spend money when paying in cash compared to when paying by card. People are said to save 20 to 28 percent. According to the EU Commission's draft legislation, the digital euro is to be given legal tender status from 2026.
Saving is the order of the day given the current inflation of everyday items. When the euro goes digital, it is still possible to save, for example with apps for spending money or automated savings plans. To beat the loss in value of paper currencies, investments in physical gold or gold shares can help. In terms of price, gold now offers entry opportunities. In March, the price of gold moved sharply upward and reached a new record high of 2,079 U.S. dollars. Then it headed south.
At the beginning of June, the ounce of fine gold cost only 1,931 U.S. dollars, later 1,892 U.S. dollars. Now the price of the precious metal has recovered somewhat and is quoted at around 1,910 US dollars. When investing in the values of the gold companies, attention should be paid to quality. For example, Caledonia Mining or Victoria Gold would be recommendable.
In Zimbabwe, Caledonia Mining - https://www.commodity-tv.com/play/caledonia-mining-corporate-update-on-the-profitable-gold-producer-in-zimbabwe/ - has been producing successfully at its Blanket mine for many years and pays attractive returns. As local investors are on board, there is a high level of acceptance.
Victoria Gold - https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ - has been producing at its Eagle Gold Mine in the Yukon, Canada, since 2019. The open pit mine is expected to extract 200,000 ounces of gold per year from the ground for more than ten years.
Current corporate information and press releases from Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -) and from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-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/
Investors and central banks will always rely on gold. This is because it is an alternative to digital money, which can be multiplied at will. And unlike fiat currencies, gold is stable in value. With the digital euro, the European Central Bank would probably have new options when it comes to multiplying money. Gold will therefore retain its position as a store of value. And should the path go in the direction of abolishing cash, then this can actually only increase the attractiveness of gold. Gold exists as money and is always ready for use in transactions. Digital currencies increasingly lead to spending money.
This is because research found that people are more hesitant to spend money when paying in cash compared to when paying by card. People are said to save 20 to 28 percent. According to the EU Commission's draft legislation, the digital euro is to be given legal tender status from 2026.
Saving is the order of the day given the current inflation of everyday items. When the euro goes digital, it is still possible to save, for example with apps for spending money or automated savings plans. To beat the loss in value of paper currencies, investments in physical gold or gold shares can help. In terms of price, gold now offers entry opportunities. In March, the price of gold moved sharply upward and reached a new record high of 2,079 U.S. dollars. Then it headed south.
At the beginning of June, the ounce of fine gold cost only 1,931 U.S. dollars, later 1,892 U.S. dollars. Now the price of the precious metal has recovered somewhat and is quoted at around 1,910 US dollars. When investing in the values of the gold companies, attention should be paid to quality. For example, Caledonia Mining or Victoria Gold would be recommendable.
In Zimbabwe, Caledonia Mining - https://www.commodity-tv.com/play/caledonia-mining-corporate-update-on-the-profitable-gold-producer-in-zimbabwe/ - has been producing successfully at its Blanket mine for many years and pays attractive returns. As local investors are on board, there is a high level of acceptance.
Victoria Gold - https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ - has been producing at its Eagle Gold Mine in the Yukon, Canada, since 2019. The open pit mine is expected to extract 200,000 ounces of gold per year from the ground for more than ten years.
Current corporate information and press releases from Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -) and from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-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/
