Historical quotes are often full of wisdom. On the subject of gold, there are many quotes. For example, "an optimist buys gold and silver, a pessimist buys canned goods" or "gold is money and nothing else" (J.P. Morgan, US-American banker). Alan Greenspan, former Fed president, is always quoted: "Without a gold standard, there is no way to protect savings from expropriation by inflation. Then there is no safe store of value. Welfare state fiscal policy dictates that there is no way for the wealthy to protect themselves. This is the sordid secret of the welfare state tirades against gold. Deficit spending is simply a measure of hidden expropriation of wealth."  Warren Buffet smirks, "Gold is dug out of the ground somewhere in the world. Then we melt it into bars, build an underground vault and dig it back in. If aliens were to observe us doing this, it would strike them as richly obscure and strange."

In the past month, the price of the precious metal was able to exceed the 1,900- and the 2,000-US-dollar mark. In many currencies, gold reached new record highs, for example, the Australian dollar. There is currently a lot of momentum at play in the gold price. On the one hand, gold serves as a hedge against rising prices, and on the other hand, rising interest rates bring us closer to a recession. This in turn supports gold as an attractive safe haven. Torn between inflation and real interest rates, gold should definitely continue to benefit in terms of price. Gold companies such as Gold Terra Resource and Aurania Resources also benefit from high gold prices. Both have promising gold projects.

Gold Terra Resource – https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ – owns the Yellowknife City Gold Project in the Yellowknife Greenstone Belt in the Northwest Territories.

Aurania Resources – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ – has gold and copper at its The Lost Cities project in Ecuador.

Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and from Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-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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