Markets

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 – https://www.youtube.com/watch?v=am__iAlduqo&t=2s – 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 – https://www.youtube.com/watch?v=R0qYc6BTWlE&t=5s – 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 (- https://www.resource-capital.ch/de/unternehmen/kore-mining-ltd/ -) and Trillium Gold Mines (- https://www.resource-capital.ch/de/unternehmen/trillium-gold-mines-inc/ -).

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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make errors, particularly with regard to figures and rates. The information contained here comes from sources that are believed to be reliable, but do not claim to be correct or complete. Due to court judgments, the content of linked external pages is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as no express distancing is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Personal-Financial.com AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/

Note:
PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.

Tags

Related Articles

Back to top button
Close
Close