Second lockdown leads to strong demand for gold and silver
The closures also occurred last Wednesday among precious metals traders. As soon as the news about the closures became public, the turnover of the dealers doubled in a few minutes. Some precious metal dealers also spoke of three to four times as much turnover. Overall, significantly more coins and bars went over the counter in 2020. So, Corona is creating increased demand for gold and silver. Precious metal producers barely managed to produce enough.
So, the citizens are betting on gold. And the experts at Commerzbank, for example, are convinced that the price of the precious metal will continue to please investors in the new year. They expect a further upward trend and new record highs in the new year. Also, the price decline in gold after Corona vaccines became known was too violent. Because the framework conditions (monetary and fiscal policy) have remained. In addition, they also approve of silver rising prices due to a recovery in the economy.
Stimulus measures for the economy may call for further action by central banks, as may renewed bond purchases. The strong gold price that most analysts expect in 2021 should have a particularly positive impact on gold companies, which in turn will please investors. Gold companies with promising projects include Adventus Mining and Aguila American Gold.
Adventus Mining - https://www.youtube.com/watch?v=Ehyegui1eHk - is active in Ecuador and in Ireland. Gold and copper projects in Ecuador, namely Curipamba, Pijiili and Santiago are being advanced together with partner Salazar Resources.
Aguila American Gold - https://www.youtube.com/watch?v=kTL7DtiLW8o - is taking care of the Wusa gold-silver project in Oregon, which has been lying fallow for a long time. Mineral rights are located on approximately 70,000 hectares of land, which offers several indications of gold mineralization and thus great potential.
Latest corporate information and press releases from Adventus Mining (www.resource-capital.ch/en/companies/adventus-mining-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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