Tag: Precious Metals
Contrary to most other assets and commodities, precious metals have performed rather well. Their demand has not decreased by much, as is evident from Russia’s sales alone.
Pumping more helicopter money into the European economy is not a long-term solution It will drive more people to precious metals and cryptocurrencies.
Silver has a leg up over gold, as it has a much higher demand from industrial uses. That alone can easily elevate the silver price to $19 and higher in the weeks to come.
Goldman Sachs analysts recently shared their outlook on the gold market. Forecasting a bullish gold trend is remarkable, but necessary given the current circumstances.
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
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.
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 …
Valcambi and Argor process roughly 1,500 tonnes of gold on a yearly basis. When looking at the global supply per annum, that represents near 33%.
Gold is also a physical commodity, thus it cannot be printed in unlimited quantities like fiat currency. There is no such thing as a “gold printer”.
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