Gold Coin | Austria 1st Republic | 25 ATS (1926-1931)

On the trail of gold counterfeiters with Gold & Co. All those who buy gold from uncertain sources in good faith or out of false thrift run the highest risk of paying real money for tin!

"Too big to fail" and still broke! After the supposedly "small" US banks Silicon Valley Bank and SignatureBank, the first major European bank had to be rescued over the weekend.

Last week saw the biggest bank failure in the USA since 2008. While stock markets around the world are in deep red, the price of gold skyrocketed.

In the fight against high inflation rates, central banks around the world are currently raising key interest rates. But what does this mean for gold? How will the gold price develop in an environment of rising interest rates?

The Council of the European Union has agreed on a cash ceiling of 10,000 euros. According to the Council's plans, cash transactions over 10,000 euros are to become illegal. With this, the governments of the member states are finally putting this limit, which was already demanded last year by the EU Commission as a measure against money laundering and the fight against terrorism, on track!

Currently in mid-November 2022, the price now stands at 1,770 dollars per ounce, calculated in euros at about 1,710 euros. But what will happen next? How will the gold price develop in 2023?

Shouldn't gold actually be the protection against inflation? However, the price of gold is not rising, but has been hovering between 1700 and 1800 dollars for months. Most recently, the price even slipped below the mark of 1650 dollars / troy ounce.