In June 2020, silver prices surged and made it the best performing precious metal in the market. The production of silver metal has been extremely affected by mining suspensions owing to the coronavirus pandemic. Out of all other precious metals, silver has taken the hardest hit and in April 2020, almost 65.8% of yearly global …
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Reasons to Cash Up on The Silver Supply Crunch
3 Uses for Platinum You Might Not Know About
Platinum is a precious metal that was native to South Americans and transported to Europe in 1750. The name platinum is derived from the Spanish word flattener, which means little silver. The Mayans traditionally used platinum in jewelry as it’s a shiny, silver-white metal and resistant to corrosion like gold. Here are some facts about …
Benefits of Purchasing Gold and Silver through a Precious Metal IRA
COVID-19 had bidirectional spillover effects impacts on the Asian, European, and American countries stock markets. While this economic downturn may not have significantly affected the particular countries’ stock markets, it had a massive influence on the global average. As a result, regular investors began seeking out safe-haven investments like precious metals. Gold and silver are …
Investing in Precious Metals: 2020 Vs. 2021
2020 has been an exciting year for the gold and silver markets. Both precious metals’ prices rallied impressively from being as low as $1450.90 and $11.74 per ounce to an all-time high across all asset classes. The top gold and silver IRA companies continued to help investors make the most out of the precious metals’ …
A Guide to Precious Metals Investment: 5 Mistakes to Avoid
If this is your first time investing in precious metals, here are some mistakes you should try to avoid. 1. Expecting Quick Cash Investing in precious metals requires time and patience. These investments don’t yield quick revenue, so you shouldn’t invest in them if you’re looking to make fast cash. While gold prices drastically increased …
The Impact of COVID-19 Vaccine Development on Gold Prices
The COVID-19 outbreak and its consequences have led healthcare and pharmaceutical companies to develop a safe and effective vaccine to eliminate the infection. Fortunately, this worldwide endeavor is now bearing fruit as new companies continue to emerge with their 3-phase studies on their particular vaccines. Among the multiple authorized vaccines under development, Pfizer.Inc and BioNTech …
Is Gold Performing Better Than Major Currencies of the Worlds?
In 2020, gold was the best performing asset in the world with its highest price at $2000 per ounce. Both serious investors and first-time day traders consider gold a solid investment in case of economic disasters. A survey of 1000 Americans found that one in six people invested in gold or other precious metals while …
Factors that Move the Prices of Precious Metals
Precious metals consist of a small group of treasured commodities that include gold, platinum, palladium, and silver. Having been used as a means of currency in the past, they’re now mainly used for investment purposes and industrial uses in the modern era. Gold and silver have a higher demand than other precious metals because they’re …
Fun Facts about Rhodium
Having a higher melting point than other precious metals makes Rhodium one of the toughest precious metals. The silvery-white metal doesn’t react to water or air, is highly reflective, has low density, and is considered the most valuable precious metal, given the element of rarity. Here’s a primer of fun facts about Rhodium. History An …
Buying Gold and Silver Coins Online: Is It Safe?
COVID-19 pandemic caused an increase in digital shopping, mainly because of social distancing measures, lockdowns, and fears encircling the highly contagious virus.This has deepened concerns regarding potential frauds and cybercrimes. Buying everyday items, such as groceries online is daunting in itself, let alone the nerve-wracking experience of buying expensive commodities such as gold and silver …
