Hidden Gold Treasures

Recently, an English family renovated their kitchen and discovered coins from the 17th century. The treasure was likely hidden during the first English Civil War. There are thousands of clues to hidden or lost treasures, whether in a shipwreck, in or behind the house. There are even treasure hunting companies on the stock market chasing after hidden treasures. And it’s not just large, significant discoveries like the tomb of Tutankhamun or the treasure of Troy that inspire, but also unexpected treasures like the one found in England. This discovery includes over 1,000 gold and silver coins. The kitchen floor was removed, and the coins were revealed under old stone slabs. These were then auctioned off and sold for almost $76,000. A 330-year-old coin treasure was also found in a fireplace in Scotland. And there are many more examples. In the past, people often hid their treasures because confiscating the enemy’s property was part of wars.

Investors are currently closely watching the development of the gold price. The increase in the price of gold cannot be fully explained, but it is certainly pleasing. Expectations of Fed rate cuts have increased again, likely also due to US inflation data. Central banks continue to rely heavily on the precious metal. Gold as a safe haven is also effective, as the situation in the Middle East, for example, remains tense. And there may have been an end to outflows from gold ETFs, which would in turn support the gold price. In any case, explaining the exact reasons for the rise in the gold price is a difficult endeavor, and so is predicting further price developments. However, most voices are extremely positive. Investors can participate with mining company stocks.

There is Osisko Development – https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ -, a company focusing on earlier-stage projects. This company is developing a gold project in Canada, one in the USA, and one in Mexico.

Revival Gold – https://www.commodity-tv.com/play/revival-gold-insight-into-the-benefits-of-the-ensign-minerals-acquisition/ – owns the largest previously producing gold mine in Idaho, USA. The exploration area has just been expanded.

For current company information and press releases from Osisko Development (- https://www.resource-capital.ch/de/unternehmen/osisko-development-corp/ -).

According to §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned, thus a possible conflict of interest may exist. No guarantee for the translation into German. Only the English version of these news is valid.

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