Precious metals are true commodities, and some have even been used as currency, in years past. Investing in precious metals is one way to fight inflation and the risks that accompany volatile world markets.
Precious Metals Are a Safe Investment
When investors see the world economy in flux and changing for the worse, gold is a natural investment for them. Gold works as an inflation hedge as well. Other stocks may rise and fall precipitously, but gold maintains much of its value, and has more often risen than fallen in value.
Silver has many uses today, from jewelry to commercial and industrial uses. Silver is a good conductor and used in electrical devices.
Palladium has investment potential as a metal and as a necessary commodity for industry. Palladium is used for catalytic converters, for instance. It’s not as well known as the other metals, but it does command high prices.
Platinum sometimes trades at higher levels than gold. Expert financial advisors have stated that in recent times, platinum bullion will trade for up to $100 more per ounce than gold. Platinum also has many industrial uses. It is used in the automotive industry and in other industrial applications, as well.
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