![]() ![]() Dollar declined more than 30% from 2001 through 2004, plunging 5% in just a few weeks. Precious Metals Have Been a Solid Hedge Against A Declining U.S. But in today's uncertain radical and economic situation, there are many reasons to consider investing in precious metals now. That's prudent asset diversification strategy at any time. Investment experts have long-recommend portfolio diversification and that 10% to 20% (and sometimes more) of an investor's assets be devoted to tangible assets such as gold, silver and platinum bullion and bullion coins. Reasons to Own Precious Metals Now Expert Advice ![]() The status of a "precious" metal can also be determined by high demand or market value. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. Silver Coins have become popular with collectors due to their relative affordability, and unlike most gold and platinum issues which are valued based upon the markets, silver issues are more often valued as collectables, far higher than their actual bullion value.Ī metal is deemed to be precious if it is rare. Gold as an investment and silver as an investment are often seen as a hedge against both inflation and economic downturn. Note that a100% pure bullion is not possible, as absolute purity in extracted and refined metals. Many nations mint bullion coins, the level of purity varies from country to country, with some bullion coins of as pure as 99.99% available. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money.Bullion metals may be cast into ingots, or minted into coins. Platinum is the most expensive of the precious metals now, but rhodium once traded higher than $5000 per ounce.īullion Precious metals in bulk form are known as bullion and are traded on commodity markets. The demand for precious metals is driven not only for their daily use, but also for their role as investments and a store of value. Other precious metals include the Platinum Group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. While both have industrial uses, they are better known for their uses in art, jewelry, and coinage. The best-known precious metals are gold and silver. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. Historically, precious metals were important as money, but are now regarded mainly as investment and industrial commodities. There are many ways to buy into precious metals like gold, silver and platinum and a host of good reasons why you should give in to the treasure hunt.Ī precious metal is a rare metallic chemical element of high economic value.Ĭhemically, the precious metals are less reactive than most elements, have high luster, and have higher melting points than other metals. But which precious metal is best for investment purposes? And why are they so volatile? If you're just getting started in precious metals, read on to learn more about how they work and how you can invest in them. And even today, precious metals have their place in an intelligent investor's portfolio. ![]() Since the dawn of time, gold and silver have been recognized as valuable.
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