All that glitters is not gold
The beer cans were to be worth £15,000 each, according to the brewery. So, fans of BrewDog beer stocked up on cases of the punk IPA beer, hoping to snag one of the 50 golden cans. One of the winners was massively disappointed when it turned out that the can was mostly brass and, according to a certificate, only gold-plated. Even if the 330-milliliter can had been solid gold, it would have been worth only £10,000. Naturally, a great many cans were sold, and the brewery eventually announced that it would pay the promised 15,000 pounds each.
Thus, while not all that glitters is gold, real gold has value and retains it, unlike fiat currencies that lose purchasing power. Chart analysts are looking at how the precious metals in demand will continue to develop in terms of price. In the case of gold, the analysts assume that the gold price will stabilize in the area of the so-called support line at around 1,760 U.S. dollars per troy ounce. A buy signal is in the near future, but it is possible that the support will hold for the time being.
Not much has happened in silver in recent months. The price fluctuations became less, and a triangle has formed. Whether this will be resolved to the upside or to the downside is still uncertain, but a decision should become apparent in the coming weeks. An investment in precious metals is always a good idea in the long term, so precious metal companies should be looked at more closely.
If you are looking for diversification, Osisko Gold Royalties - https://www.youtube.com/watch?v=9UIXZPerG-Y - is the right way to go. More than 150 royalties and precious metal withdrawals in Canada ensure that one is broadly positioned.
A promising silver-gold project in Mexico, for example, is held by Vizsla Silver - https://www.youtube.com/watch?v=xUItgsG4S3M - in the Panuco district. Recent drilling has returned up to 898 grams of silver equivalent per ton of rock.
MAG Silver is also working in Mexico with partner Fresnillo on the Juanicipio project. This is located in the prospective Fresnillo Silver Trend and is already in the production phase.
Current corporate information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/) and Vizsla Silver (https://www.resource-capital.ch/en/companies/vizsla-silver-corp/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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