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Silver coins go away like hot cakes

After a fluctuating demand in recent years, silver coins such as the American Eagle are much sought-after

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The US Mint had to stop selling American Eagle silver coins on 21 February, after 775,000 units had been sold, as there were simply no more left. So the investment demand for silver eagles is enormous. Compared to February 2018, demand rose by 118 percent in February 2019. Cheap coins are therefore in demand. The US Mint first has to replenish its stock so that buyers can get back to it.

A comparison of the sales figures for January and February shows an increase of 45 percent compared to the same period last year. According to industry experts, the massive debts in the global financial system will continue to generate strong demand for silver coins. The tendency is that investors buy more silver when the gold-silver ratio is high. By the way, the biggest annual demand for silver eagles was in 2015, when 47 million were sold.

The purchase of physical silver, in the form of bars or coins, is exempt from withholding tax if it is held for at least one year and then sold at a profit. However, the investment in silver bars is subject to 19 percent VAT. However, there are also deposit costs if you want them to be kept safe.

There is also the possibility to invest in silver companies such as Endeavour Silver or MAG Silver. They also benefit from rising demand and a rising price of the precious metal. The US investment bank JP Morgan forecasts a silver price of 17.35 US dollars for the fourth quarter of 2019. This is because the expected rise in the price of gold usually also pushes up the price of silver.

Endeavour Silver - https://www.commodity-tv.net/c/search_adv/?v=298820 - continues to be on track to become a leading silver producer and to excel in growth. In addition to three producing silver-gold mines in Mexico owned by Endeavour Silver, the fourth is in operation and a fifth is in the process of development. In addition to these projects in Mexico, there are also exploration and development projects in Chile.

MAG Silver - https://www.commodity-tv.net/c/search_adv/?v=298561 - focuses on becoming a premium primary silver company. This could also be achieved with the Juanicipio silver project, which together with the partner Fresnillo is to be brought to production maturity in Mexico by mid-2020.

Current corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp.html) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/ 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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