Gold and silver coins expensive - better gold and silver stocks
At the same time, there is no sign of declining investor interest at the moment. A return to normal precious metal trading is not yet in sight. Last week, for example, a Krugerrand in gold cost EUR 1,692.74, while at the same time the gold price was at EUR 1,599.60. A Maple Leaf silver coin averaged 21.62 euros. This is a premium of a good 30 percent on the silver price.
Silver experts expect a further possible increase in the price of silver. Here, a price of 20 US dollars per troy ounce or even more should also be possible. The silver price has reached its highest level in ten months. And the ETF inflows are still very high. Since the beginning of July, they have been around 1,100 tonnes. Rising corona figures and the still smoldering trade dispute between the US and China are responsible for the strong investor interest.
Instead of expensive coins and bars, an investment in the values of gold and silver companies is worth considering. Because here you still get leverage on a rising precious metal price.
Summa Silver has high grade silver and gold mines in Nevada that have produced successfully in the past. For example, the Belmont mine, located in the Tonopah district. This was allegedly discovered while searching for a lost donkey and an average of 3,500 grams of silver per ton of rock was found.
Hannan Metals also holds the valuable silver (and copper) in its projects in Peru at the San Martin project and the Claire project in Ireland. Near the San Martin project, a new copper-silver deposit has recently been discovered on the nearby 100% owned Sacanche property.
Latest company information and press releases from Summa Silver (https://www.resource-capital.ch/en/companies/summa-silver-corp/) and Hannan Metals (https://www.resource-capital.ch/en/companies/hannan-metals-ltd/).
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