Expensive Christmas trees – gold and bling

The Munich Christmas tree is worth around five million euros. It is a pyramid, almost three meters high and 2024 collector coins of the Vienna Philharmonic Orchestra are attached to it. It was erected by pro aurum together with the Austrian State Mint. Even more valuable, namely around eleven million US dollars, was a Christmas tree erected in Abu Dhabi in 2010, a world record at the time. This year, a jeweled tree can be admired at the Mandarin Oriental Jumeira Hotel in Dubai. Garrard, the oldest jewelry house in the world, is responsible for this. Gold, jewels and gold coins have always fascinated people. Incidentally, the German Bundesbank also has an important coin collection. It contains more than 90,000 coins and 260,000 banknotes from all over the world. Eight of these coins will be presented in a special digital exhibition for four years. At the same time, the digital exhibition on Germany’s gold reserves is also sure to be of interest, including a tour of the vault past many gold bars.

After all, Germany has the second largest gold reserves after the USA. The Deutsche Bundesbank’s most important area of business is monetary policy in the Eurosystem. If you look at the euro, it has lost almost four percent against the US dollar since the US election. Other currencies have also lost ground since the election. In view of the threat of tariffs, the European Central Bank could announce more interest rate cuts than the Fed. After all, tariffs would not be conducive to the low economic growth in the eurozone. Whatever happens, a small gold hoard or an investment in gold companies is also advisable for private investors. After all, gold has proven itself as an investment over a very long period of time. Among the gold companies, Revival Gold or Chesapeake Gold, for example, stand out.

Revival Gold – https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ – is developing gold mines in the west of the USA. The Mercur gold project in Utah and the Beartrack-Arnett gold project in Idaho are particularly noteworthy.

Chesapeake Gold – https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ – has a very promising project with its large Metates gold and silver project in Mexico.

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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