SACRAMENTO, Calif., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Sunstock, Inc. (OTC PINK: SSOK), involved in the buying, selling and distribution of precious metals, today announces it has purchased 20 ounces of gold.
“Gold and silver have traditionally served as hedges against economic uncertainty, and while retail sales and consumer sentiment are trending higher, we also see increasing customer demand for precious metals,” stated Sunstock CEO Jason Chang. “To us, that generally signals deeper concern over economic stability. We are taking advantage of the current soft prices to increase our inventory and meet rising demand.”
Gold prices have risen more than 25 percent in 2020. Sunstock’s business strategy is to acquire mineral rights and gold mining assets to capture value in the precious metals sector while minimizing costs and risks associated with actual mining operations. The Company currently operates Mom’s Silver Shop, a leading precious metals retail store located in Sacramento, California, from which it sells inventory to investors and customers.
Sunstock, Inc. (OTC PINK: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby uses its wholesale and retail channels to sell these precious metals primarily through their own branded coins. Visit http://www.sunstockinc.com/ for more information.
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