It is very likely that most will simply hold onto their gold in search of even higher values. There is no real reason for anyone to take profit right now.
This trend affecting mining stocks is not tied to one or two companies either. All of the companies involved in mining precious metals have seen a significant boost since March of 2020
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
For consumers, this means that their purchasing power will keep decreasing over time. Companies, on the other hand, will be forced to spend more money on their end.
This is already becoming apparent across nations that seemingly thwarted the coronavirus outbreak. South Korea and China deal with a rise in overall infections,
Silver is now more affordable to regular consumers as an investment vehicle. If this situation remains in place, the overall demand for physical silver may continue to spike
Crypto and Gold The actual turbulence caused by the corona virus shed light again on the SoV function of crypto-currencies. They show high volatility compared to …
While the prices are facing some pushback, they should respond strongly once the markets calm down a bit. Precious metals are always safe havens for financial wealth..
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