Demand for Silver Outpaces Gold as Precious Metals Production Ramps up Again
The trends depicted by both gold and silver are similar in many ways. Volatility during the first four months of the year has been overcome successfully
The trends depicted by both gold and silver are similar in many ways. Volatility during the first four months of the year has been overcome successfully
While it is true that COVID-19 has created havoc among economies worldwide, there have to be better solutions than printing money out of thin air.
During times of uncertainty, precious metals tend to become more popular, and by default, rise in value. This is especially visible when looking at the prices of both gold and silver.
Economists are convinced that this latest rate cut is a direct result of the Turkish Lira bouncing back strongly. When it hit record lows earlier in May, there was some genuine concern
One thing that is certain is how the pandemic has been beneficial to precious metal markets. Gold’s price has bounced back strongly after dropping to the low $1,260 range.
It is the first time in history that so much “extra money” is brought into circulation in quick succession. No one knows what the consequences will be.
This is already becoming apparent across nations that seemingly thwarted the coronavirus outbreak. South Korea and China deal with a rise in overall infections,
If the price keeps rising like it did over the past 18 months, Australia might overtake China even sooner than originally expected.
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Now that the coronavirus crisis is seemingly under control in most countries, it is time to cautiously begin exploring what the future may hold. In terms of gold mines and precious metal producers, there…