06.12.2024
Polymetallic Holding Group Seligdar (hereinafter referred to as Seligdar or Holding Group; MOEX: SELG) took part in the 15th Russia Calling! Investment Forum held in the World Trade Center in Moscow.
At the session Building a long-term investment portfolio: traditional and alternative instruments, Alexander Khrushch, President of Seligdar PJSC, spoke about features and advantages of gold as a tool for hedging risks.
According to estimates made by a number of international consulting companies, the price of gold will continue rising in 2025 amidst increased demand from world central banks, high geopolitical tensions, as well as beginning of a shift in monetary policies toward easing by global central banks.
The President of the Holding Group also commented on the current market situation of another precious metal – silver, which is historically correlated in value with gold. The main factors influencing the price of silver are also supply and demand within the industry. In recent years, there has been a shortage of silver on the market. These and a number of other prerequisites suggest that the value of silver may increase significantly in the next few years.
Alexander Khrushch, President of Seligdar PJSC:
‘Silver is a potentially interesting investment tool. However, as in the case of physical gold, the investor faces a number of risks in the form of additional costs and possible discounts when purchasing or storing physical metal. That is why Seligdar decided to issue ‘silver’ bonds in order to move further along the path of developing a securities market tied to mined metals.’
Silver is a companion metal in gold mining. In 2023, Seligdar produced 9.2 tonnes of silver. The balance reserves amount to 113 tonnes. The Holding Group plans to issue silver bonds SILV01 on December 10. The par value of the silver bond SILV01, considered as a conventional monetary unit, is 10 grammes of silver. The coupon rate guidance is 4%. The preliminary placement volume is up to 2.5 tonnes of silver.