The data is transmitted in unencrypted form. In the use of the personalised "MyFunds" area, data is transmitted and exchanged via a public network. No guarantee of data security when using the personalised "MyFunds" area This includes the completeness, correctness and reliability of alert services and other services. No guarantee of the functionality of alert services and other servicesĪccordingly, Swiss Fund Data AG assumes no liability as to the functional capability of the website. All data provided to market-data distributors by SIX Exfeed on behalf of Swiss Fund Data AG are subject to the specific terms and conditions of the SIX Exfeed Data Distribution Agreement. Professional market-data distributors may re-distribute and re-sell the data on the Swiss Fund Data AG website only with the prior written permission of Swiss Fund Data AG. Past performance of investment funds is no guarantee of the future price development of the investment funds in question. None of the information contained herein constitutes an investment advice or guidance for investment or other decisions. Swiss Fund Data AG expressly reserves the right to alter the prices or product composition at any time. Swiss Fund Data AG assumes no liability for any damages arising from viruses or destructive elements of the Swiss Fund Data AG website. Swiss Fund Data AG assumes no liability for the accuracy, completeness or uninterrupted availability of said information or for any damages arising from actions taken on the basis of information contained in this or any other of its publications. "The debasement of currencies is obviously very, very bullish for gold.None of the information contained herein constitutes an offer to purchase or sell a financial instrument published on Swiss Fund Data AG. "All the pandemic has served to do is to make people now understand that the question of money and what is money when clearly it can be printed at will, he said. Looking at gold prices Kaplan noted that the precious metal was in a bull market before the world was hit by the coronavirus and he added that it will remain in a bull market after the virus is dealt with. Not only is silver benefiting as a monetary metal as central banks around the world continue to pump liquidity into financial markets, but Kaplan said that the metal will also benefit as the global economy recovers from the COVID-19 pandemic. "That's what happened during the financial crisis and we are starting to see that again." "Once silver stabilizes and gold is going up as some monetary metals, silver then starts to follow gold and then it gets octane and it surpasses gold," he said. Not only does he see silver prices pushing back to its record highs above $50 an ounce, but Kaplan said that there is no reason why the metal can’t get to $100 an ounce, especially as gold prices continue to rally. "I always say that silver is gold on steroids and I'm wildly bullish on gold," he said. Looking at silver prices he remains bullish on the precious metal. "When you have a great project time is always on your side and we have a great project," he said. Kaplan said that his long term plan is to take the Sunshine Mine public however, he added that he is not in any hurry. I have no doubt that this mine will produce silver again." "We think we have just scratched the surface. "When we acquired it out of bankruptcy over a decade ago, the general zeitgeists was that it was burnt out," he said. Since buying it in bankruptcy a decade ago, the Electrum Group has managed to increase the mines resource from around 30 million to about 200 million inferred resources, Kaplan said. Kaplan has a second venture, a company that is developing the historic Sunshine Mine in Idaho, which produced in 100 years more than 360 million ounces of silver. Kaplan said that Gatos Silver raised $170 million in its IPO and was one of the first precious metals companies to be listed directly on the New York Stock Exchange. Coming back to silver just essentially means that we are, as it were, coming forward with assets that we have been nurturing for years," he said. Last month Kaplan’s commodity investment fund went public with Gatos Silver (NYSE: GATO, TSX: GATO) with its producing Cerro Los Gatos Mine in Northern Mexico. In an exclusive interview with Kitco News, the CEO of The Electrum Group says that he is now back in silver after going public with a new silver mine in Mexico. (Kitco News) - More than 20 years ago famed investor Thomas Kaplan made his first fortune in silver, buying options and turning that investment into one of the biggest zinc-silver mines in the world.
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