Silver and gold - first choice for investors
Silver coins and bars are associated with a tangible investment that will certainly pay off in the longer term. With share values of companies that have silver or gold in their projects, a leverage on the precious metal price is given. In addition, there are often dividends that are pleasing to the investor.
As reported by the Silver Institute, there have been increases in the main categories of global silver investment. One would be the all-time high for silver in exchange-traded products (ETPs). In the case of gold, the increase in worldwide sales of gold coins by July has risen by 30 per cent compared with the previous year.
Silver not only benefits from growing applications in industry, but also accounted for around 21 percent of last year's total jewellery sales, with India and the USA the biggest buyers. In gold jewellery, India and China accounted for an impressive 30 percent of total gold demand. However, according to the World Gold Council, 16 percent less jewellery was bought in the third quarter of 2019 than in the previous quarter.
By the way, investors in Germany bought 19.3 tonnes of gold in the form of gold bars and gold coins in the third quarter of 2019, worth 823.25 million euros. This puts Germany in third place worldwide. Investors who prefer to leverage the price of gold or silver should look at the relevant companies, such as MAG Silver or Steppe Gold.
MAG Silver - https://www.commodity-tv.com/play/mag-silver-juanicipio-development-receives-joint-approval-construction-starts-immediately/ - and its partner Fresnillo are making good progress on the joint Juanicipio silver project (silver, gold, zinc, lead) in Mexico. Purchase agreements already exist. The partners anticipate further substantial exploration opportunities.
Among the gold companies Steppe Gold - https://www.commodity-tv.com/play/steppe-gold-mongolias-next-gold-producer-corporate-video/ - with its Tsaagan Ovoo gold project in Mongolia pleases. In the near future, around 150,000 ounces of gold per year are to be extracted from the ground at favourable production costs.
Current company information and press releases from MAG Silver (https://www.resource-capital.ch/de/unternehmen/mag-silver-corp/ ) and Steppe Gold (https://www.resource-capital.ch/de/unternehmen/steppe-gold-ltd/ ).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.
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