More artificial intelligence requires more precious metals
In the AI sector, applications that can generate different content such as text, images, videos or sound are on the rise. Precious metal components such as chips, memories and capacitors are increasingly coming into focus in this generative AI. The number of circuit boards required is constantly increasing. Production capacities for AI servers are increasing, which means that more platinum, silver, palladium and gold will be used. The 5G network, the new 6G network and Wi-Fi7 will influence chip manufacturers. New AI products will conquer the market. Even if supply chains are currently still suffering from geopolitical problems, growth in the field of artificial intelligence will be unstoppable.
Overall, the importance of gold in industry is relatively low, with only around seven percent of global gold demand coming from industry. Nevertheless, gold is essential for the aerospace industry and is contained in every smartphone, including computers. After all, gold is corrosion-resistant and electrically conductive. Medicine also benefits from the properties of gold in certain areas. For investors, gold is a means of diversification, and it has a value-preserving function. In the USA, the gold market is currently attracting new participants.
Purchases by private investors have also increased in Germany. Incidentally, since the euro was introduced in 2002, the price of gold has risen by 469 percent in euro terms (up to July 2023). So, it’s time to take a closer look at the companies that own the gold in their projects. Royalty companies such as Gold Royalty or Osisko Gold Royalties score points with their in-house diversification.
Gold Royalty – https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ – holds royalties in North, Central and South America, including more than 90 in Quebec alone.
Osisko Gold Royalties – https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ – also has an impressive portfolio, including a five percent net smelter return royalty on Agnico Eagle’s Malartic mine.
Current company information and press releases from Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-corp/ -) and Osisko Gold Royalties (- https://www.resource-capital.ch/en/companies/osisko-gold-royalties-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.
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