Gold beats Picasso – as a Christmas present

The time is ripe to think about Christmas gifts, very ripe even. Those who live in Bavaria have it rather easy. A picture of the legendary King Ludwig II in an ideal setting and "da Kas is bissn", as the southern Bavarians say. In other parts of the world, the fairy-tale king is probably not so well received. But if Pablo Picasso had used his brush to paint Ludwig, he might have come out even bigger, Pablo of course. Ludwig doesn’t need it with his castles. Pablo Picasso’s masterpieces have fetched 1.1 billion US dollars at auction so far. Which would probably annoy him: The average of his 15 paintings sold at auction is $73 million. Leonardo da Vinci (398 million), Gustav Klimt (138 million) and even Andy Warhol (88 million) are ahead of Pablo.

If you don’t want to open your wallet quite as wide this Christmas and don’t have anything to do with the fairy-tale king from Bavaria, you’ll have to look for a good substitute. As a rule, you can hardly go wrong with gold gifts. A Krugerrand (one ounce) or a bar of five grams can be had for around 1,650 euros and 270 euros respectively. The advantage over flowers or chocolate, for example, is that gold will last for longer periods of time without withering or being eaten.

Those who do not shy away from risk at Christmas can also give themselves a present in the gold sector: The shares of gold companies with good gold projects could be worthwhile in the long term, at least if the gold price strives upwards, which would be well justifiable in today’s situation with inflationary tendencies.

Those who also want to get a current return from their gold investment can, for example, reach for Caledonia Mining – https://www.youtube.com/watch?v=6qbb2Yt3DtE -. The company is working the Blanket gold mine in Zimbabwe and is therefore certainly speculative. But Caledonia has already proven that they can economically produce gold and have also been paying dividends for several quarters.

Not yet producing, on the other hand, is GoldMining – https://www.youtube.com/watch?v=Sn34_eaHC3E -, which owns several gold projects from Brazil to Canada. GoldMining impresses above all with its large resource base, which looks undervalued from today’s perspective.

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

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.

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