Page 6 - ஸ்ப்ராட் உடல் வெள்ளி நம்பிக்கை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Silver Is Slowly Becoming a Credible Long-Term Investment
etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
Signs Point to a Big Rally for Silver, PSLV
etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
Message :
Required fields
TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the year ended December 31, 2020. As previously disclosed, all financial figures are now reported in US dollars unless indicated otherwise.
Management commentary Sprott s AUM increased by 88% in 2020 to a record high of $17.4 billion, said Peter Grosskopf, CEO of Sprott. This strong AUM growth translated into substantial improvements in our key financial metrics. Adjusted base EBITDA was $44.2 million for 2020, up $15.2 million or 52% from the prior year. Sprott’s strong financial performance and track record of creating shareholder value resulted in the company’s addition to the S&P/TSX Composite Index in 2020 and our inclusion in the annual TSX30 program. During the second quarter of 2020, Sprott began trading on the New York Stock Exchange and subsequently increased its dividend in November 2020.
The asset is a closed-end fund that lets investors redeem large blocks of shares in exchange for delivery of silver bullion. Adding to the case for PSLV is silver’s durability during the worst of the coronavirus pandemic and expectations that it will perform well when COVID-19 is defeated.
A major, longer-ranging catalyst for PSLV and silver prices is the metal’s role in the booming renewable energy industry.
“As clean energy initiatives gain traction, greater attention is being paid to the critical roles of various metals and minerals,” writes Sprott portfolio manager Maria Smirnova. “Access to these valuable materials has become critically important, which is why several resource-rich nations, including Canada and Australia, have joined the United States in establishing the Energy Resource Governance Initiative (ERGI), an alliance to disseminate best practices for discovering and developing reserves of minerals used to make electric vehicles.”
Silver Is Sticky Money
Streetwise Reports (2/23/21) Silver Stock Investor editor Peter Krauth discusses silver s long history as a currency and recommends a way to avoid paying large premiums when buying silver.
Many don t realize, but silver is considered to have been the first metal to serve as currency.
Could silver one day regain its role as money? Perhaps. It s widely accepted that gold was used as money by Lydian merchants around 550 BC, roughly 2,500 years ago.
But even before that was silver, more than 4,000 years ago in ancient Greece. At the time, silver ingots were used as payment in transactions of trade. Back when Athens oversaw an empire, its silver coin was the tetradrachm.
vimarsana © 2020. All Rights Reserved.