Finanzen / Bilanzen

Why fiat currencies fail and gold retains its value

The US dollar has ruled for about 51 years. The U.S. is using the dollar like a weapon in the current Ukraine-Russia situation. Moscow and Beijing seem to want an end to the dominance of the U.S. dollar. Indeed, the Russian Kremlin leader recently wanted to supply gas only against rubles. Today, countries hold about 60 percent of foreign currency reserves in the form of U.S. dollars. Ruble and yuan would like to tie their currencies to commodities.

Many fiat currency systems have failed. Paper money has always been determined by its users as a means, a bridge between production and consumption, a medium of exchange. And over the millennia, various means of exchange have come and gone. Metallic money has survived, especially gold, silver and copper. Coins are legal tender. Metallic gold and silver are actually credits in the form of production that has not yet been consumed. Today, the U.S. dollar has lost immense purchasing power. A hundred years ago, its value was much higher; one dollar was worth about the same as $26 today. The declining value of fiat currencies is offset by rising prices for services and goods.

Central banks are creating more money to prop up the economy. Today, the expansion of the money supply is greater than ever and the purchasing power of paper money continues to decline. Gold behaves differently, has always retained its value and will continue to do so in the future. So gold investments are a kind of insurance. For investments in gold stocks, Caledonia Mining – https://www.youtube.com/watch?v=tQg_KtGnQto&t=1s – or Gold Terra Resource are promising candidates. Caledonia Mining is a dividend paying and successful gold producer in Zimbabwe. In the current year, the Blanket mine is expected to produce between 73,000 and 80,000 ounces of gold. Gold Terra Resource – https://www.youtube.com/watch?v=nMVbyxX92_U – owns the large Yellowknife City gold project in the Northwest Territories. Recent drill results yielded up to just over 14 grams of gold per ton of rock

Current corporate information and press releases from Caledonia Mining (https://www.resource-capital.ch/…) and Gold Terra Resource (https://www.resource-capital.ch/…).

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

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are generally 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 a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 – 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/….

Firmenkontakt und Herausgeber der Meldung:

Swiss Resource Capital AG
Poststrasse 1
CH9100 Herisau
Telefon: +41 (71) 354-8501
Telefax: +41 (71) 560-4271
http://www.resource-capital.ch

Ansprechpartner:
Jochen Staiger
CEO
Telefon: +41 (71) 3548501
E-Mail: js@resource-capital.ch
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