The World’s Most Expensive Precious Metals
Upon hearing the term precious metals, we are sure that gold and silver crossed your mind. But if you have been observing investment trends around the world, investors are heavily investing in precious metals other than these two metals.
After all, despite their popularity, gold and silver are not the only investment opportunity in metals. In fact, there are a total of eight precious metals that have vast applications, have high value for money, and offer a significant return on investment.
Today’s blog will discuss the four of the most sought-after precious metals, including the top 2, that can help you build your investment portfolio. So whether you’re looking to make money or save for your retirement account, here are some of the most expensive precious metals you should consider.
Gold
Let’s start with the world’s most recognizable and popular precious metal. People have been investing in gold to make money, saving for their life goals, or just converting their fiat currency into a stable asset. Gold is currently priced at $1,813 per troy ounce and has always enjoyed a favorable reputation among precious metals. From jewelry to gold bullions and coins, this precious metal has a rich history, high value, and promising returns.
Silver
Another one of the oldest precious metals is silver. While silver does not enjoy monetary value as high as gold or other precious metals on this list, it’s still favored due to its stable nature and vast applications. Silver is currently priced at $1,097 per troy ounce and is widely popular among people looking for sleek yet affordable jewelry.
Platinum
Platinum is one of the most amazing precious metals out there. It’s strong, durable, visually appealing, and has a wide range of practical applications. The metal is currently valued at $932 per troy ounce and is often compared to gold in terms of its quality. The platinum mining industry in Africa has been the largest supplier of this precious metal and mines up to 160 tons of platinum every year.
Palladium
Next up on the list of precious metals you can invest in is palladium. This precious metal belongs to the platinum family and has a diverse range of industrial uses, like in catalytic converters for automobiles, dental fillings, and electronic goods. Palladium is currently valued at over $1,300 per ounce and closely follows behind the price of gold.
Why Invest in Precious Metals?
For centuries, there has been an ongoing debate between the popularity of precious metals and other investment opportunities such as stocks and bonds. Here are some benefits of buying precious metals.
Diversify Your Portfolio
Precious metals make your portfolio rich. So if you’re a contemporary investor who does not want to put all the eggs in one basket, investing in precious metals can help you diversify your portfolio with a lower risk.
Find Protection Against Inflation
Despite the fluctuation in currency, precious metals remain afloat in most cases. So if you want to protect yourself from rising global inflation, buying gold and silver or other precious metals may help you.
Less Volatile than Stocks
Stocks are bearish on somedays and bullish on others. This volatility is not suitable for amateur investors who are starting out their journey. This is where buying precious metals comes in handy, as the investment in precious metals is less volatile.
Plan for the Long-Term
Gold and silver, as well as other precious metals, offer long-term value and higher ROI. If you’re setting up a gold and silver ira accounts or opening a saving account for a backup plan in life, then getting your hands on precious metals is only a sensible idea.
For Precious Metal Investment, Call Us!
Are you on the lookout for a precious metals investment company to buy precious metals such as platinum, palladium, buy gold coin online, and silver? Then reach out to us at Orion Metal Exchange. We are a reputable precious metal investment company with over 50 years of experience in precious metals.
