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Copper got a big vote of confidence this week when Goldman Sachs declared the metal “the new oil” and predicted copper price would reach $6.80 per pound by 2025.
On Friday editor Neils Christensen, Kitco correspondent Paul Harris and mining audiences manager Michael McCrae recorded a podcast with guest Ryan King, Vice President Corporate Development at Calibre Mining. The panelists discussed gold and inflation, as well as rising commodity prices due to energy transition and metals needed to build future infrastructure.
Copper was up about 3% for the week and as of Friday June copper futures were $4.17 per lb.
In a note published on Tuesday, Goldman said copper looks good due to energy transition. Copper is needed for power plants and all those new electric vehicles. Copper is also aided by stimulus, infrastructure packages passed by governments to support economies harmed by the pandemic.
In February copper hit a multi-year high.
Calibre Mining operates the El Limon and La Libertad gold mines in Nicaragua. 2021 gold production is expected to be between 170,000 – 180,000 ounces.
1:25 – Gold impacted by rising inflation
8:12 – Goldman Sachs and copper
9:03 – Robert Friedland and copper
15:55 – Tin prices
34:18 – Consolidation and M&A in the gold space
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Buying Gold Bullion – Understanding the Modern Gold Rush
When you decide to buy bullion it’s good to use as a hedge against inflation that is caused by money being printed. It is in fact a tangible asset which means that it has some intrinsic value.Indispensable Silver in Demand
Demand for precious silver continues to grow throughout world markets as its three main pillars of usefulness develop further. These are decorative and industrial uses (56.5%), photographic materials (15.9%), jewelry (20.3%) and silverware (7.3%) that taken together account for approximately 95% of all sales. There are several enduring reasons why so many people continue to choose to invest in silver. These include flexibility combined with strength, sensitivity to light, electro-thermal conductivity, the range of temperatures it can bear, and of course, its timeless eternal beauty and intrinsic value.A Lesson In Selling Your Gold and Silver
Selling your Gold & Silver requires that you get somewhat educated before you conduct business with the thousands of outlets hungry to buy from you. I recommend doing a little homework, getting a couple of appraisals, and only doing business with experienced folks who aren’t looking to wheel and deal. Remember, if they ask you “how do you want for it?” You are in the wrong place to sell your precious jewelry.Where Is the Best Place to Buy Silver?
The best place to buy silver is the one that gives you the best results. This may sound obvious, but it is the honest answer. Determining where the best place to buy silver depends on exactly what you are looking for. The APMEX is repeatedly recommended as the best place to buy silver. These people say online? American Precious Metals Exchange was created to serve as a source where investors could diversify their portfolios with gold, silver, platinum and palladium for less money than typically found elsewhere.? This is true as they have some great deals with great customer service.How to Invest in Gold and Silver in 5 Simple and Safe Steps
You will find the 5 simple steps to invest in gold and silver bullion easily and securely so that you can reap the rewards of the gold and silver bull market. You will also find the reasons why you should seriously consider adding gold and silver to your portfolio to both diversify your investments as well as taking advantage of the inflation fighting nature of gold and silver.Is the Bull Market In Silver Finished?
As I write these words silver has just collided off of a brick wall that has capped its upside performance since its old 1980 high of $50 an ounce. It is now in what appears to be a death spiral to the day-traders, momentum players and technicians that dominate today’s markets as never before in history. As they consult their all powerful charts these trend chasers see a classic double top at $50 an ounce that has held for thirty-one years. Case closed! There is really nothing more to consider. If you are a stock market addict like I am you see these kinds of pronouncements all the time in the commodity markets. What they are blind to is that there is a radical difference between the stock market and the commodity markets.Tips for Buying Gold Coins
With the increasing value of gold, many people are buying gold in different forms, including gold coins. The increase in demand has led to the increase of vendors, some good and others not, therefore, it is crucial for all buyers to ensure that they have assessed the legitimacy and validity of the each vendor before making any purchase.How Much to Invest in Gold and Silver?
How much gold should I own? How much to invest in precious metals?Gold Bullion Coins – A Guide For The Buyer
Buying gold coins has become more and more attractive to investors as the market and the economy worsen. It could be the best way to keep your valued assets safe from inflation and a market crash.The Real Value of Gold and Silver Coins
This is one of the hardest questions to answer in the world of both precious metals and numismatics. A coin can have a value based on the content of the material it is made of and it can also have a premium value based on how rare it is. Some copper or steel pennies and 5 cent coins are worth more than a one ounce $20 solid gold Double Eagle. This is where the world of numismatics comes into play in the way some of these small pieces of metal are given a price tag.