With silver against Corona
Travel returnees are bringing the corona virus back to Germany in greater numbers. Among other things, it is then spread further at family celebrations. As long as there will be no vaccination, the threat will remain. There could soon be new lockdowns. As a result, monetary policy easing and, in particular, additional fiscal expenditure are likely to remain in place.
On the one hand, this means low interest rates for a long time. On the other hand, the national debt continues to rise. There will also be bankruptcies in the private sector. The flood of money and reduced productive base are likely to lead to inflationary pressure in the long term. Besides gold, silver is a proven means in this scenario to get some hedging into the investment portfolio.
But silver is much more than just gold's little sister. Silver has many irreplaceable and strong qualities. One of them is its antibacterial and antiviral effect. Therefore, silver is more and more used in the health sector. If, for example, handrails and handles in public buildings or at least hospitals were coated with silver or at least impregnated with silver particles, the demand for silver from the health sector could increase. Silver is highly valued in the industrial sector anyway.
In addition to physical silver - currently the reduced value-added tax applies to the purchase of bars - investors should also think about the shares of silver companies. MAG Silver and Summa Silver appear to be interesting.
Summa Silver focuses on historic silver and gold mines, such as the Belmont mine in the Tonopah district of Nevada. This high-grade, formerly producing mine was long inactive after a great production period and is now being explored again by Summa Silver.
MAG Silver owns the Juanicipio silver mine in the Fresnillo Trend in Mexico together with its partner Fresnillo. In the advanced project, infrastructure work is being carried out above and below ground.
Current company information and press releases from MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/) and Summa Silver (https://www.resource-capital.ch/en/companies/summa-silver-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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