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.
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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Disclaimer: This information is not financial advice, and should not be treated as a recommendation to buy or sell. It is to be used for educational purposes only.