Investing in precious metals is a step many people take when faced with financial or political instability. Silver and gold hold their value quite well, in times of financial or political crisis.
Gold Is the King of Precious Metals
Gold is the most highly publicized of the precious metals. You can invest in gold and the other precious metals by buying physical metal, in the form of bullion, coins, ingots or bars. You can also purchase mining stocks or commodity futures. We will mainly focus here on physical metals.
The Industrial Uses for Precious Metals
Although gold prices are somewhat affected by sentiment, all the precious metals do have uses in industry. This means that they are more valuable when you are investing in precious metals. The metals with smaller markets, like platinum, are sometimes more volatile than the gold market, where a few investors cannot change the overall prices as much.
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