This storage has potential monetary collateral that can be repaid at some point. Gold can support confidence-based currencies that have lost the confidence of the mark. For example, the governor of the Dutch central bank, Klaas Knot, talks about the revaluation of gold. This is because it is intended to restore the bank-s solvency. Voices are being raised that central banks are now striving to drive up the price of gold. Gold has proven itself as the standard security for money. Gold has always
Now you should position yourself for higher gold prices. According to experts, mining stocks from the gold sector currently have particularly high leverage. Although margins are no longer as high as they were at the beginning of the year, gold companies are still operating profitably at the current gold price. This has also been worse in times past. The Fed has already raised interest rates five times this year to counter inflation and another rate hike is still to come. This makes for a strong
. Ancient coins can often shed light on history, such as a recent find in the Golan Heights in Israel. The Golan Heights are a region in the Middle East, conquered by Israel in the Six-Day War and then annexed. Only sparsely populated, there are plans to build a technological center for renewable energy there. The treasure of ancient gold coins now found in the Golan Heights may shed light on the end of the Byzantine Empire. The Israel Antiquities Authority announced that 44 gold coins more than
 The World Gold Council has once again published the latest figures on central bank gold purchases and sales. In August, some of the central banks were probably on vacation when it came to increasing their gold assets. Because in August, only a few central banks have increased their gold reserves, there were hardly any significant sales. Turkey has bought the most gold so far this year. In August, nine tons of gold were added. In total, Turkey has thus bought about 84 tons of gold i