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Price of Gold

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GOLD BAR

The price of gold reached record levels in the spring. Investors are primarily looking for protection against inflation in the precious metal.

Imagine a metal block that is the size of a two-story house – and made of pure gold: This is how big the German gold treasure is (edge ​​length: 8.6 meters) if you were to combine the entire holdings of private households and the Bundesbank into one large one Melt cubes together. It would be worth more than 750 billion euros (gold price as of January 29, 2024).

Germans are hoarding more than 9,000 tons of gold, a study by Reisebank shows. Around 40 percent of German citizens (aged 18 and over) use the precious metal in the form of bars or coins as a physical store of value. Gold is particularly popular as a stable investment in times of inflation. Bars and coins hoarded by private households account for 5,229 tonnes. The remaining 3,805 tons are gold jewelry, and another 3,353 tons belong to the Bundesbank (as of December 31, 2023).

On average, investors invest 4,764 euros in gold. Even among stock loving Gen Z,   , i.e. people born between 1995 and 2012, the precious metal is very popular: 37.8 percent bought gold in 2023 – that is a significantly higher proportion than the average population (15.4 percent). . However, they apparently have less money available than the general public: on average, people from Gen Z invest “only” 1,620 euros. In addition, the young investors place more value on the sustainable origin of the gold than the rest of the investors – they also spend more money on this.

According to the Reisebank survey, those who buy gold as an investment primarily want to protect themselves from inflation (38 percent). The fear of high or rising inflation has risen to over 70 percent among those surveyed – in the previous year it was “only” 46 percent. But preservation of value (36 percent), the real physical value (31 percent) and aesthetics (28 percent) are also important to investors when buying gold.

Given the current high prices for gold, one might expect more people to sell their gold treasures again now. However, the travel bank study shows that purchases and sales are currently balanced.

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Mycenaean armor

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Mycenaean armor
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Flower at the top

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FLOWER

In the remote and inhospitable landscape of Inuit Qeqertaat, also known as Kaffeklubben Island, lies one of the most northern stretches of land accessible to humans on Earth. Situated on the northern coast of Greenland, this desolate terrain consists of dark gray gravel merging with frozen sea ice, presenting a stark and unforgiving environment. The northern coast of Greenland stands as a rugged and formidable frontier, characterized by its stark beauty and extreme conditions. Here, amidst the vast expanse of icy waters and towering glaciers, lies a landscape that embodies the raw power and resilience of nature. The coastline, etched with rugged cliffs and frozen fjords, serves as a gateway to the Arctic wilderness, offering a glimpse into one of the world’s most remote and pristine regions. Despite its harsh environment, the northern coast of Greenland is not devoid of life; it is home to a diverse array of Arctic wildlife, from polar bears and seals to seabirds and marine mammals, all adapted to thrive in this unforgiving realm of ice and snow.

Despite its harsh conditions, this remote outpost holds a unique allure for climate change researchers and explorers seeking to understand the ecological dynamics of Earth’s northernmost regions.

In an ambitious endeavor to uncover the secrets of this extreme environment, a team led by climate change researchers Brian Buma and Jeff Kerby embarked on an expedition to survey the region. Their mission yielded remarkable discoveries, including the presence of plant life defying the odds of survival in such a hostile landscape. Among the resilient flora found were specimens of Tortula mucronifolia, a species of moss known as the world’s northernmost plant, as well as striking yellow and lime-green Arctic poppies (Papaver radicatum), flourishing just south of the moss. These findings offer valuable insights into the adaptability of life in extreme environments and highlight the importance of studying remote regions like Inuit Qeqertaat in understanding the impacts of climate change on global biodiversity.

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Bison herd – Climate heroes

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BISON

A bison herd is a social group of bison, primarily composed of females and their young, with males typically forming smaller bachelor groups or remaining solitary outside the mating season. These herds, known for their migratory behavior, move across the plains in search of food and water, playing a crucial role in maintaining prairie ecosystems through their grazing patterns. Bison communicate through vocalizations and body language and engage in behaviors such as wallowing to manage parasites and shed fur. Once nearly driven to extinction due to overhunting and habitat loss, bison populations have rebounded thanks to extensive conservation efforts. These herds are vital for ecological health, contributing to soil aeration and plant diversity. Bison also hold significant cultural importance for many Indigenous peoples, symbolizing strength and resilience, and remain an emblem of successful conservation in North America.

Are cattle not as harmful to the climate as assumed? According to a study, a bison herd in Romania stores as much CO2 as 123,000 gasoline engines emit per year. But can this be transferred to other regions? Cattle are considered “climate killers” due to the greenhouse gas methane produced during digestion. Compared to carbon dioxide (CO2), its effect in the atmosphere is said to be far less harmful than previously assumed. However, it is probably less known that cattle can also act as CO2 vacuum cleaners – and on a huge scale. At least that’s what researchers led by Oswald J. Schmitz from the School of the Environment at Yale University have found out. According to their study, published in the Journal of Geophysical Research: Bio geosciences, the bison herd they studied absorbs as much CO2 each year as is emitted by 43,000 U.S. cars or 123,000 European vehicles.

Specifically, it is 54,000 tons of CO2. Of course, these are not absorbed by the animals themselves, but by the ecosystem in which they live. In this case it is an area of ​​around 50 square kilometers in the Romanian Tarcu Mountains. Bison have been released here since 2014. The herd has now grown to 170 animals. There would be space for 350 to 450 bison in the area. Previously, there had been no wild bison in Romania for over 200 years. Bison play an important role in ecosystems, as researcher Schmitz explains to the Guardian . “Their grazing and browsing help maintain a species-rich landscape of forests, scrub, grasslands and microhabitats.”

Schmitz therefore describes the bison as “climate heroes”. But: The climate-protecting effect of wild bison cannot per se be transferred to other regions. This is because the grasslands of the Carpathians have special soil and climatic conditions. The American prairies, for example, have much lower productivity, says Schmitz. The bison are not the only animals that could contribute to climate protection after being released into the wild in previously traditional areas. According to the Guardian, the researchers examined nine species in more detail, including elephants, musk oxen and sea otters.

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