Business
PALISADES GOLDCORP ANNOUNCES STRATEGIC INVESTMENT OF EXCESS CASH INTO PHYSICAL BULLION
PALISADES GOLDCORP ANNOUNCES STRATEGIC INVESTMENT OF EXCESS CASH INTO PHYSICAL BULLION ...
About this update from New Found Gold Corp
[{"type":"text","content":"\n\n\n\n PALISADES GOLDCORP ANNOUNCES STRATEGIC INVESTMENT OF EXCESS CASH INTO PHYSICAL BULLION\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 18, 2025\n \n\n /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) (\"\n \n Palisades\n \n \" or the \"\n \n Company\n \n \"), a leading investment company in the junior resource sector, is pleased to announce a strategic decision to allocate a portion of its excess cash into physical gold, silver, and platinum bullion. This move underscores the Company's commitment to metals, with the aim of preserving purchasing power and enhancing long-term value for its stakeholders amid the evolving economic environment.\n \n\n\n Highlights:\n \n\n\n\n With a robust financial position and a forward-thinking approach to portfolio management, Palisades is leveraging its excess cash to acquire tangible assets in a form that cannot be manipulated by external forces. The Company views physical bullion as a critical component of this strategy due to its unique attributes: it serves as a reliable store of value independent of financial systems, offers protection against inflation and currency devaluation, and provides a tangible asset that cannot be diluted and is less easily manipulated by central banks or market intermediaries. By investing in physical gold, silver, and platinum, Palisades is positioning itself to capitalize on the continued strength of these assets, ensuring long-term stability and diversification within its holdings.\n \n\n\n\n Palisades is purchasing and storing its bullion with\n \n Singapore\n \n -based Silver Bullion Pte Ltd. (\"\n \n Silver Bullion\n \n \"), which owns and operates The Reserve (Figures 1 and 2), the world's highest capacity silver vault, providing segregated ownership of physical metals while minimizing storage, counterparty and jurisdictional risks in a manner that traditional financial institutions cannot. Silver Bullion was founded by Palisades director\n \n Gregor Gregersen\n \n and bullion is being offered to the Company at a preferent...