Metals that Have Been Proven to be the Best Investment Options
Precious metals refer to the rare metallic assets that occur naturally and possess high economic value. Precious metals were used as currency in the past, but today, they have gained more importance because of their industrial and investment uses.
So what is the best metal to invest in? Since the needs of investors vary, keep an eye out for factors that affect demand, supply, and prices for every precious metal. Palladium, platinum, silver, and gold are precious metals’ most popular investment choices. Here’s why.
Gold is a popular and investable precious metal valued for shaping capability and durability. Besides being used in dentistry, gold is typically used to make jewelry or currency. Since it’s a store of value, people invest in it, especially during political or economic turbulence.
Gold can be purchased in jewelry, bars, or coins. Some investors also buy gold stocks, gold-focused mutual funds, or exchange-traded funds (ETFs).
Silver prices fluctuate according to its use as an industrial metal or store of value. That’s why the silver market is considered more volatile than gold. Market volatility can significantly influence silver-stock prices.
However, the industrial demand for silver strongly influences its value. Silver is now used in the photography industry in photographic film. Moreover, the rise in demand for silver can be seen in sectors manufacturing electrical appliances and medical products.
Silver can sometimes outperform gold prices, especially due to the high investor and industrial investor demand.
Platinum and Palladium
In addition to being used in various industrial applications, platinum is a precious metal that many investors prefer to hold as an asset. Both palladium and platinum are used to make jewelry, but they’re most popular in the automotive industry. Their prices are likely to fluctuate due to worldwide political and economic volatility, but their value is affected significantly by supply and demand.
Are you confused about choosing the right precious metal to invest in? At Orion Metal Exchange, we can help you identify and invest in a precious metal that fits your retirement plan. Our team is dedicated to providing you with a streamlined acquisition process to make all your transactions quick and easy.