About gold do not forget silver
Like gold, silver is also crisis insurance. But silver can do even more.
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Around 850 million ounces of silver were produced last year, the fourth decline in succession. Dwindling silver grades in the mines and pandemic-related production cutbacks had a causal effect. Many experts expect silver production to rise again this year. And silver is in demand, not only as an investment metal but also in industry. Mexico, Peru and China, in particular, are providing the supply. Around 150 million ounces of silver flow into ETFs every year. Silver is not only in demand as jewelry; many high-tech products cannot do without the precious metal.
In contrast to gold, however, the tax component of a physical investment in silver must be taken into account. There is no value added tax on the purchase of gold, but this is different for silver. The fact that no further tax is due after the holding period of one year, this is the same for both precious metals. The silver devouring future technologies, such as 5G, could give silver larger price increases in the next few years. The environment that works for gold, such as expansionary monetary policy or negative interest rates, for example, also works for silver. Gold and silver are stable investments. In the case of money in the bank, on the other hand, inflation and, if you're unlucky, punitive interest rates also diminish savings. In certain phases, silver can increase in value more than gold. If you want to bet on this possibility and save the VAT on the purchase of physical silver, you can become a shareholder of well-positioned silver companies.
Endeavour Silver - https://www.youtube.com/watch?v=eIno-1uaJHk - might come to mind. For many years, the company has been producing successfully in three silver-gold mines in Mexico. Endeavour Silver is also not losing sight of its growth target.
Tier One Silver - https://www.youtube.com/watch?v=0zZlm22Dp6w - is on the lookout for silver in Peru. Its portfolio includes the Curibaya and Hurricane projects, as well as three other properties.
Latest corporate information and press releases from Endeavour Silver ( https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and Tier One Silver ( https://www.resource-capital.ch/en/companies/tier-one-silver-inc/).
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