Sunstock, Inc. Purchases 20 Ounces of Gold, Continues to Increase Inventory
Sunstock, Inc. (OTC PINK: SSOK) has announced the purchase of 20 ounces of gold amid rising customer demand for precious metals. CEO Jason Chang noted that gold and silver act as hedges against economic uncertainty, and they aim to increase inventory at softened prices. With gold prices up over 25% in 2020, the company pursues a strategy of acquiring mineral rights and gold mining assets. Additionally, Sunstock operates Mom’s Silver Shop in Sacramento, California, serving both wholesale and retail customers.
- Acquisition of 20 ounces of gold to increase inventory.
- Gold prices have risen more than 25% in 2020.
- Strategic focus on acquiring mineral rights and gold mining assets.
- None.
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.
About Sunstock, Inc.:
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.
Forward-Looking Statements
In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to differ materially from any forward-looking statement.
Contact:
Mr. Jason Chang, CEO
Enquiry@SunstockInc.com
916-860-9622
www.SunstockInc.com
FAQ
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