Precious metal sales increase
The increasingly spreading coronavirus is making it clear to investors again: Gold is highly regarded. But there is not even any need for a specific trouble spot. Already in 2019 gold was in demand among investors. This is shown by the figures of Bayern LB, Precious Metals Trading Department. One of the very big precious metal traders in Germany, Bayern LB, traded more gold than ever before last year. Gold has proven its crisis resistance over a very long period of time. Bayern LB also traded silver in 2019 almost 80 percent more than in the previous year.
The physical metal should be the first choice of hedge in any diversified portfolio. Because only what is in your own access area can serve as unrestricted security. However, those who also look at returns and are able and willing to take risks accordingly should also think about the shares of precious metal producers. This is because these usually have a leverage effect on precious metal prices.
Speculative additions could include Revival Gold and Maple Gold Mines. Revival Gold is working on the Beartrack Gold Project in Idaho and the adjacent Arnett Gold Project: https://www.commodity-tv.com/play/revival-gold-updated-gold-resource-coming-out-very-soon/. The drilling results are promising. Revival Gold also owns a 51 percent interest in the Diamond Mountain Phosphate Project in Utah. Further opportunities in the gold sector are being pursued.
Maple Gold Mines owns the large Douay gold project located in the Abitibi greenstone belt of Quebec: https://www.commodity-tv.com/play/maple-gold-mines-drilling-new-high-grade-extension-531-zone/. There is also excellent potential here, a gold resource open in various directions is given.
The latest company information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/).
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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