Industrial demand for Gold, Silver Soars

Source: Commodity Online, Richard Zimmerman (2/3/11)

"With gold and silver, it's unlikely that manufacturers will find substitute metals."

The world is allegedly lurching towards recovery, and the fear-based demand for precious metals might ebb. This might shake some investors loose. However, there is another side to the demand portion of precious metals that can fuel potential support: industrial and commercial demand.

The World Gold Council (WGC) also has research supporting gold demand in the fields of nanotechnology, space, engineering, and architecture.

In their research paper on the future of gold and nanotechnology, the WGC highlights the potential for gold nanoparticles in vaccines, cancer therapies, antimicrobial applications, and pollution control.

Silver also enjoys widespread industrial and commercial uses. The Silver Institute has a long list that includes batteries, mirrors, catalysts, and solar energy. Photography used to be the big demand sector, but obviously digital photography has helped pare that back for the last decade. However, there are still film demands for silver, especially for x-rays. Like gold, silver finds its home in many modern electronics and is used in coatings for DVDs and CDs. Circuit boards and televisions are also home to silver.

Solar energy is an interesting part of silver demand. Silver paste is common in solar cells. Alternative fuel demand is rising, and there is a push to produce something to replace fossil fuels in electricity production. Consumers are savvy to the other choices like wind and solar power. Geo-politics can help push this demand, especially considering the fragile environment around some of the centers for fossil fuel production. Speaking of the environment, silver is also used in water purification.

Higher prices for gold and silver will no doubt affect their use in certain industries. However, these metals' reliability and conductivity have made them the go-to metal for certain components. Thus, it is unlikely that manufacturers will find substitute metals (as with the platinum/palladium in catalytic converters).

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.