Precious Metal Report 2020 + Updates + Additional Stocks
Precious metal investors are still in the pole position, precious metals have so far been among the best performers of all asset classes through the Corona crisis.
The price of gold weakened only very briefly and was able to catapult itself back to its pre-crisis level. Here it is mainly (impending) fiscal and geopolitical distortions and, associated with this, a certain desire for security that are keeping the price of the yellow metal at a consistently high level and will probably drive it even higher. In the vast majority of currencies, gold has recently traded at all-time highs. Only a still extremely strong US dollar is (still) preventing gold from reaching a new all-time high.
Palladium too, which in the past few months had been pushed up to new record highs of up to $ 2,780 an ounce, mainly for speculative reasons, only had to take a short sinking feeling and recently was already trading above the $ 2,000 mark again. Demand from the automobile sector (use in petrol catalysts) played a major role here.
The situation for platinum is contrary to this. The increasing discrediting of the diesel engine led to a decline in demand for platinum, which is used in diesel catalytic converters. However, there are signs of a renaissance here.
Silver, more than half of demand for which is an industrial metal, initially had to cope with large price losses but has already been able to recover. With a gold-silver ratio of 125, the end was near, especially as silver experienced a great surge in demand from the investment sector. In the future, this is probably where the greatest opportunities for growth are to be expected, as silver is finding its way into more and more industrial applications. In addition to the energy sector, the pharmaceutical and medical sectors should be mentioned here.
The bird was taken by the lesser known rhodium, which within four years climbed from $ 575 to $ 11,500 an ounce.
This report provides a wealth of information about the precious metals sector and offers insightful interviews with exclusively selected experts from the industry. The report is rounded off by the presentation of a number of interesting companies that are suitable for speculation on rising precious metal prices.
