January – time for gold and silver

Compared to cash, a gold or silver gift has the advantage of providing a lasting value. Coins and bars have already increased their attractiveness in the past year. A gift of precious metals can also defy inflation. Despite the increased cost of living, gold and silver are in high demand, even younger generations have recognized this. In former times already the Incas estimated the gold. They saw royal qualities in gold. It was easy to work with, sparkled and signified closeness to the divine. Today, gold is considered a value all over the world.

The price of gold usually rises from the beginning of July to around mid-January. Purchases by the jewelry industry are responsible for this, as well as the approaching Chinese New Year. With silver, the seasonality looks different. In silver, there is usually an increase in price from January to mid-April. A correction until June is followed by a slight upward movement until December. Overall, the silver price has more volatility than the gold price. In addition to physical gold, stocks of gold companies are interesting for investors. If the gold price rally currently continues, it is advisable for investors not so much to take modest profits, but to have good gold positions in the portfolio over the longer term. And demand for the safe havens gold and silver should be strong. That’s because the U.S. economy is losing momentum, with retail sales and industrial production falling more than expected. And this adds to concerns about a recession and is good for precious metals. So stocks like Osisko Development or Discovery Silver should not be missing from the portfolio.

In Mexico, Discovery Silver is working on its prospective Codero silver project of approximately 35,000 hectares. A positive pre-feasibility study has already been completed.

Osisko Development owns the San Antonio Gold Project in Mexico, the Tintic Gold Project in the U.S. and the Cariboo Gold Project in British Columbia, as well as two other properties.

Current corporate information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-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.

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