According to the Perth Mint, which dominates the precious metals coin market, demand was solid in November.
While last month's sales numbers were at their lowest level since December 2019, the low production numbers are likely related to production issues. Still, sales were at the second-highest monthly level of the fiscal year. The Perth Mint sold more than 114,000 ounces of various gold products in November. It said it saw rising demand from growing markets in Asia, the Middle East and India in particular. At the U.S. Mint, production of American Eagle bullion was halted in September 2022 as it began minting 2023 bullion coins. These will be sold starting Jan. 3. The US Mint sold 1.4 million ounces of silver in November. It was the strongest month since March. The appetite for silver coins remains strong, it said. According to the Silver Institute, the new year will bring a significant deficit in silver. Physical gold demand is expected to rise 18 percent year-over-year to 329 million ounces.
Demand for platinum coins and bars is growing. The British Royal Mint has recorded a record number of first-time customers investing in platinum since the beginning of the year. There are about 15 percent more purchases than in 2021, so the U.K. Royal Mint is adding platinum bars and new platinum investment coins to its lineup. Owning a few precious metal coins is a good thing. To safeguard the assets, some stocks in the most diversified portfolio possible should also come from precious metal companies. In the silver sector, for example, MAG Silver or Tier One Silver are appealing.
MAG Silver - https://www.commodity-tv.com/play/mag-silver-starting-to-ramp-up-the-juanicipio-mill-soon-more-exploration-at-deer-trail/ - is working with partner Fresnillo on the Juanicipio project in Mexico. Underground mine production started in 2020.
Tier One Silver - https://www.commodity-tv.com/play/tier-one-silver-new-rock-samples-from-magdalena-target-indicate-an-intrusive-system/ - is focused on silver, gold and base metal projects in Peru.
Among gold companies, Trillium Gold Mines and Gold Terra Resource are among the attractive companies.
Trillium Gold Mines - https://www.commodity-tv.com/play/mining-newsflash-with-aurania-resources-hannan-metals-labrador-uranium-and-trillium-gold/ - owns an immense land package in Ontario and Gold Terra Resource - https://www.commodity-tv.com/play/mining-newsflash-with-vizsla-silver-skeena-resources-and-gold-terra-resources/ - has the prospective Yellowknife City project in the Northwest Territories in its portfolio.
Current corporate information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -) and Tier One Silver (- https://www.resource-capital.ch/en/companies/tier-one-silver-inc/ -), Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -) and Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-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/
While last month's sales numbers were at their lowest level since December 2019, the low production numbers are likely related to production issues. Still, sales were at the second-highest monthly level of the fiscal year. The Perth Mint sold more than 114,000 ounces of various gold products in November. It said it saw rising demand from growing markets in Asia, the Middle East and India in particular. At the U.S. Mint, production of American Eagle bullion was halted in September 2022 as it began minting 2023 bullion coins. These will be sold starting Jan. 3. The US Mint sold 1.4 million ounces of silver in November. It was the strongest month since March. The appetite for silver coins remains strong, it said. According to the Silver Institute, the new year will bring a significant deficit in silver. Physical gold demand is expected to rise 18 percent year-over-year to 329 million ounces.
Demand for platinum coins and bars is growing. The British Royal Mint has recorded a record number of first-time customers investing in platinum since the beginning of the year. There are about 15 percent more purchases than in 2021, so the U.K. Royal Mint is adding platinum bars and new platinum investment coins to its lineup. Owning a few precious metal coins is a good thing. To safeguard the assets, some stocks in the most diversified portfolio possible should also come from precious metal companies. In the silver sector, for example, MAG Silver or Tier One Silver are appealing.
MAG Silver - https://www.commodity-tv.com/play/mag-silver-starting-to-ramp-up-the-juanicipio-mill-soon-more-exploration-at-deer-trail/ - is working with partner Fresnillo on the Juanicipio project in Mexico. Underground mine production started in 2020.
Tier One Silver - https://www.commodity-tv.com/play/tier-one-silver-new-rock-samples-from-magdalena-target-indicate-an-intrusive-system/ - is focused on silver, gold and base metal projects in Peru.
Among gold companies, Trillium Gold Mines and Gold Terra Resource are among the attractive companies.
Trillium Gold Mines - https://www.commodity-tv.com/play/mining-newsflash-with-aurania-resources-hannan-metals-labrador-uranium-and-trillium-gold/ - owns an immense land package in Ontario and Gold Terra Resource - https://www.commodity-tv.com/play/mining-newsflash-with-vizsla-silver-skeena-resources-and-gold-terra-resources/ - has the prospective Yellowknife City project in the Northwest Territories in its portfolio.
Current corporate information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -) and Tier One Silver (- https://www.resource-capital.ch/en/companies/tier-one-silver-inc/ -), Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -) and Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-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/
