The precious metals market is growing
(PresseBox) - .
Forecasts see great growth in the precious metals market over the next few years.
By 2028, the global precious metals market is expected to grow from US$275 billion in 2021 to around US$403 billion by 2028. The gold market will take first place. Overall, growth is expected to amount to around 5.6 percent per year. The reason for this is the increasing investment in gold. Investors appreciate the low risk and the value retention. It is mainly the Southeast Asian countries that are creating demand. Gold and silver, for example for weddings, will be bought increasingly. This is because the population is growing, as is income, and with-it purchasing power. Silver will also benefit from the electrical and electronics sector, which is also growing. For platinum and palladium, the automotive industry is creating more demand. Efforts to reduce CO2 emissions will lead to more demand for platinum group metals in the catalytic converter sector. Whether the precious metals market will really grow so strongly, we will see. There are also voices that assume lower growth.
However, the increasing use of precious metals in industrial sectors and also the increasing demand for precious metals for the coin sector make confident. Speculators and investors should perhaps position themselves right now, because high-quality precious metal companies could provide joy in the portfolio in the next few years, when the bull market expected by many analysts occurs.
For example, there is Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ -, active in Mexico, USA and Canada (Cariboo gold project in British Columbia, Tintic project in Utah, San Antonio gold project in Mexico).
In Mexico, Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is working on the previously producing Panuco silver-gold project. According to estimates, it contains an indicated mineral resource of around 104 million silver equivalent ounces.
Current corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer:
The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Unternehmensinformation / Kurzprofil:
Datum: 22.06.2023 - 07:40 Uhr
Sprache: Deutsch
News-ID 686115
Anzahl Zeichen: 4359
contact information:
Contact person: Jörg Schulte
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Kategorie:
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"The precious metals market is growing"
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