Gold bars with QR code – columns

The Central Bank of Uzbekistan recently introduced sealed gold bars with a QR code for real-time verification.

These new gold bars have a serial number and a QR code, which enables verification of digital authenticity in real time. The use of gold as a store of value should be promoted and contribute to the spread of gold. The Central Bank of Uzbekistan is not alone in this. Other central banks also want to promote the attractiveness of gold. Because word has got around that the Fiat currencies are not doing well.

Uzbekistan keeps around 57 percent of its reserves in the form of gold and is now calling on the population to buy gold as a store of value. Before the new bars (5, 10, 20 or 50 grams) were available, the Uzbeks could only buy gold commemorative coins at a troy ounce at home, which was too expensive for the average citizen. The QR code on gold bars is nothing new. A Swiss refinery had already introduced this before.

With its statements, the Italian central bank also refers to gold as an “excellent hedge against adversity and high inflation”. And gold cannot be devalued because it is not a government or central bank issued value. With the statement “Gold does not depend on the solvency of the issuer”, the central bank of Italy warns of the counterparty risk of money.

To invest in gold as a hedge, there is the option of investing part of the portfolio in stocks of gold companies. For example in Kore Mining or Trillium Gold Mines.

Kore mining – – Owns two gold projects in California (Imperial and Long Valley) and two in British Columbia (FG Gold and Gold Creek), all wholly owned.

Trillium Gold Mines – – Takes care of exploration and development projects in British Columbia in the Red Lake Mining District.

Current company information and press releases from Kore Mining (- -) and Trillium Gold Mines (- -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the companies addressed and that there is thus a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.

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