Golden gifts on trend

There are a few things to bear in mind when giving gold as a Christmas present.

Gold is something for life, something lasting, valuable and shiny. A troy ounce of gold (31.1 grams of gold) is the most common unit that is sold over the counter. The surcharge incurred when buying is relatively low. The situation is different when bars of 1, 5 or 10 grams are purchased. This is because the smaller the quantity of gold, the higher the premium. This can be as high as 20 percent, whereas it is only around one percent for an ounce of gold. Gold coins are generally more expensive than bars, as they also involve the time-consuming minting process. There are even second-hand gold coins.

Some owners of gold coins are currently selling their treasures, as the price of gold is high and interest is being paid again. If you want to invest in coins, you should buy common pieces such as the Krugerrand and not historical coins. It is clear that you should pay attention to established dealers, as there are also black sheep in the physical gold sector. Low prices should therefore make you sit up and take notice. If you want to buy gold that does not come from child labor or conflict regions, you should look for the LBMA certificate. When buying gold jewelry, it should be borne in mind that part of the price is for the workmanship and craftsmanship.

Gold stands for value preservation. The fundamentals speak in favor of a strong gold price. Fear of recession and many countries turning away from the US dollar speak in favor of this. If the Fed then cuts interest rates in 2024, the price path for gold will be paved. In addition to physical gold, the focus should also be on the stocks of gold companies. These include Victoria Gold and Vizsla Silver.

Victoria Gold – https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ – produced almost 42,000 ounces of gold in the third quarter of 2023 at its Dublin Gulch gold property in Yukon, Canada.

Vizsla Silver – https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ – owns the highly prospective Panuco silver-gold project. It is located along a prolific silver trend in western Mexico.

Current company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-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.

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