The price of gold has reached an all-time high. Reflections on whether the development of AI is influencing industrial demand for precious metals.
The scope and speed of the introduction of AI has exceeded expectations. For example, things like cloud services, driving assistance, medical care and intelligent manufacturing are at stake. The construction of production lines is necessary so that investments. The need for chip components will fuel the semiconductor and electronics industry. This in turn will have an impact on industrial demand for precious metals. The time when there were problems on the semiconductor market should be over. The market should grow again due to increasing supplies of electronic products. And it is not only the production of chips for AI products that is growing, but also the need to train AI models. This requires data sets and therefore memory requirements. The capacity of memory in electronic devices should therefore also increase, by an estimated 15 to 30 percent. Hard disks and drives should also become increasingly necessary, as should gold bonding wires.
Not only private individuals, but also companies and governments are likely to upgrade their data centers. Consumer electronics, computer and communication products are constantly being improved. More circuit boards and therefore more gold plating will be needed. The silver market is forecast to grow beyond the photovoltaic sector. This includes electronic devices such as switches, relays and capacitors, which are necessary for the construction of power grids.
Gold and silver are therefore not only favorites of investors but are also increasingly being used in industry.
Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ -, for example, has gold and silver in three projects in Mexico. The formerly producing La Guitarra project deserves special attention.
In the gold sector, Victoria Gold - https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ - is pleasing. Its Eagle gold mine in the Yukon produced a total of more than 166,000 ounces of gold in 2023, eleven percent more than in the previous year.
Current company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -) and Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -).
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/
The scope and speed of the introduction of AI has exceeded expectations. For example, things like cloud services, driving assistance, medical care and intelligent manufacturing are at stake. The construction of production lines is necessary so that investments. The need for chip components will fuel the semiconductor and electronics industry. This in turn will have an impact on industrial demand for precious metals. The time when there were problems on the semiconductor market should be over. The market should grow again due to increasing supplies of electronic products. And it is not only the production of chips for AI products that is growing, but also the need to train AI models. This requires data sets and therefore memory requirements. The capacity of memory in electronic devices should therefore also increase, by an estimated 15 to 30 percent. Hard disks and drives should also become increasingly necessary, as should gold bonding wires.
Not only private individuals, but also companies and governments are likely to upgrade their data centers. Consumer electronics, computer and communication products are constantly being improved. More circuit boards and therefore more gold plating will be needed. The silver market is forecast to grow beyond the photovoltaic sector. This includes electronic devices such as switches, relays and capacitors, which are necessary for the construction of power grids.
Gold and silver are therefore not only favorites of investors but are also increasingly being used in industry.
Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ -, for example, has gold and silver in three projects in Mexico. The formerly producing La Guitarra project deserves special attention.
In the gold sector, Victoria Gold - https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ - is pleasing. Its Eagle gold mine in the Yukon produced a total of more than 166,000 ounces of gold in 2023, eleven percent more than in the previous year.
Current company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -) and Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -).
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/
