Which precious metal is the best for an investment?
If the precious metals used to be used as currency in the past, today they are valuable because of their use as investment or in industry. The most popular today are gold, silver, platinum and palladium. Gold and silver are used worldwide as a store of wealth and are used for jewelry, silver is used heavily in industry.
Both metals are considered a safe haven and are particularly popular in turbulent times. The sister metals palladium and platinum also belong to the precious metals. They are particularly well known for their use in catalytic converters for gasoline engines (palladium) and diesel engines (platinum). Therefore, their prices sometimes move due to global economic events and political developments like gold and silver, but more due to the supply and demand situation. Rising demand and strikes have thus created a deficit in platinum and palladium in recent years.
In addition to the well-known precious metals, there are others such as rhodium, germanium, beryllium or rhenium. But the "classic" four precious metals are certainly the focus of most investors and rightly so.
One of the ways to earn on precious metals is to invest in the shares of precious metal companies, for example Condor Gold or Skeena Resources.
Condor Gold owns 100 percent of the La India gold project in Nicaragua: https://www.commodity-tv.com/play/condor-gold-further-derisking-of-la-india-deposit-and-taking-steps-towards-construction/. Recently, a director bought shares and increased his stake to 15.8 percent in August, a good sign. The open pit resources are expected to be around 1.12 million ounces of gold.
Skeena Resources is active in British Columbia: https://www.commodity-tv.com/play/mining-newsflash-with-skeena-resources-trillium-gold-vizsla-resources-and-karora-resources/. The Company is developing the formerly producing Snip and Eskay Creek gold and silver mines. Up to 25 grams of gold equivalent per tonne of rock have been found by drilling.
Latest corporate information and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-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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