Don’t forget about gold silver – columns

Like gold, silver is also a crisis insurance. But silver can do even more.

Around 850 million ounces of silver were produced last year, the fourth consecutive decrease. Dwindling silver levels in the mines and pandemic-related production restrictions were the cause. For this year, many experts are expecting an increase in silver production again. And silver is in great demand, not only as an investment metal, but also in industry. Mexico, Peru and China are particularly responsible for supplies. Around 150 million ounces of silver flow into the ETFs each year. Silver is not only in demand as jewelry, many high-tech products cannot do without the precious metal.

When making a physical investment in silver, unlike gold, the tax component has to be taken into account. There is no VAT when buying gold, unlike silver. The fact that no further tax is due after the holding period of one year is the same for both precious metals. The silver devouring future technologies such as 5G could bring silver price increases in the next few years. The environment that works for gold, such as the expansionary monetary policy or negative interest rates, also works for silver. Gold and silver are investments of stable value. With money in the bank, on the other hand, inflation and, if you are unlucky, penal interest also reduce your savings. In certain phases silver can gain in value more strongly than gold. If you want to take advantage of this option and want to save VAT when buying physical silver, you can become a shareholder in well-positioned silver companies.

You could look at that Endeavor Silver – – think. The company has been producing successfully in three silver-gold mines in Mexico for many years. Endeavor Silver is not losing sight of its growth target.

Looking for silver in Peru Tier One Silver – -. The portfolio includes the Curibaya and Hurricane projects as well as three other properties.

Current company information and press releases from Endeavor Silver (- -) and Tier One Silver (- -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of these news items applies.

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