Looking at the last six years, there were only losses for the gold community. In the last more than 50 years, September brought it to the sixth best place of the twelve months, it provided an average gain of 0.63 percent. A year ago, a troy ounce of gold cost 1,715 euros. This represented a gain of 4.4 percent. Unfortunately, this does not reach the German inflation rate of 6.1 percent (as of August), but still. If you look back to 2008, when the U.S. investment bank Lehman Brothers went into crisis, the price of gold climbed by around 100 U.S. dollars in a single day.

Now gold has increased in value, but silver has increased even more. In silver, the support is at 22.10 U.S. dollars per ounce. Above this, the silver price could now recover. The resistance is at a good 25 U.S. dollars. Now a consolidation could occur. Even if the silver price has slipped again somewhat below the mark of 25 U.S. dollars per ounce. The gold-silver ratio now stands at just under 80, although silver is no longer "the little man’s gold", but a serious investment opportunity. Silver is not only used in jewelry, coins or commodities, but also makes an important contribution to a lower-emission future. It is used in solder alloys, electrical circuits or solar panels and it is a major industrial metal. Gold and silver in the projects own for example Chesapeake Gold or Sierra Madre Gold and Silver.

In Mexico, Sierra Madre Gold and Silver – https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ – is working on three highly prospective and high-grade gold and silver projects.

Chesapeake Gold – https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ – handles discovery, acquisition and development of large gold-silver properties in North and South America. The prospective flagship Metates project in Durango contains gold, silver and zinc.

Current corporate information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-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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