Silver for beginners
Silver demand is picking up and could soon become even greater. Silver is closely linked to renewable energies and electromobility, and these are areas that are gaining immense importance. Efforts to decarbonize and solar energy, which is becoming increasingly important, are gobbling up silver. At the moment, the joy in silver investments is not so high, the silver price has lost about 16 percent since the beginning of the year, much more than gold.
When considering investments in silver or gold, the gold-silver ratio comes up. How much silver you can buy for an ounce of gold, this ratio is historical in nature. For example, about 3,000 B.C., the Egyptian King Menes determined that the value of gold should be two and a half times that of silver. Incidentally, silver exists about 70 times as often as gold. With the use of silver in industry also arises the greater fluctuations in the price of silver.
If the gold-silver ratio is low, then the price of silver is high compared to the price of gold. Currently, the ratio is slightly above 80. In February, when the silver price had reached a peak, the ratio was around 62. This figure also shows that silver has not performed as well as gold. Nevertheless, the industrial demand for silver is steadily increasing and investors should add silver investments to their portfolios for diversification purposes, not just the tried-and-true gold.
This is where Ridgeline Minerals comes in. Four projects in Nevada containing silver and gold are in the portfolio.
Summa Silver is also working on a project in Nevada, plus an option on a property in New Mexico.
Current company information and press releases from Summa Silver (www.resource-capital.ch/en/companies/summa-silver-corp/).
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