Top Precious Metals Investment Companies

Benefits of Investing in Precious Metals

The precious metals market is an excellent alternative to prepare for future uncertainties and investors looking to reduce their exposure to stock market volatility, especially in a post-pandemic world. Metals such as Gold and Silver are physically rare, unique, and valuable for industrial uses. Therefore, they make excellent long-term investments. Both metals may provide a hedge in the event of an economic or market downturn and when inflation continues to rise. Other precious metals available are Palladium and Platinum.

Gold

Gold has always had a certain appeal, even if we are to think about history and people's fascination with this metal. Gold doesn't lose its value even during inflation periods, when the stock markets collide, or during times of political unrest. It's also very durable; it doesn't rust or corrode. There are some industrial applications for Gold in dentistry and electronics, but it is best known as a material used for jewellery.

·        Gold is historically, less volatile than Silver

·        Gold is a much more powerful diversifier than Silver

Silver

Heavy industry and high technology use half of the Silver produced, including smartphones, tablets, automobile electrical systems, solar-panel cells, and many other products. Therefore, Silver is more vulnerable to economic changes than Gold. Silver tends to grow in demand when economies take off. In addition, Silver is currently cheaper than Gold, making it more accessible for smaller and starting investors.

·        Silver may provide a better inflation hedge

·        Silver is more affordable

Platinum

Platinum is considered an industrial metal, just like Silver. Automotive catalysts, which reduce emissions, are the biggest consumer of platinum. The rest is consumed by jewellery, the computer industry, and petroleum and chemical refineries. The majority of platinum mines are located in South Africa and Russia. Therefore, prices are heavily influenced by geopolitical conditions in those countries, along with the supply-demand equation. All these factors contribute to platinum's high volatility.

·        Platinum is the third most traded precious metal in the world

·        Based on supply constraints and growing demand from emerging green economies, platinum's long-term outlook remains strong

Palladium

Palladium is a lesser-known precious metal investment option. Growing demand and a supply deficit have recently fuelled interest in palladium. Palladium is used in many manufacturing processes, particularly in electronics and industrial products. Additionally, it can be used in dentistry, medicine, chemical applications, and jewellery. South Africa and Russia are the largest palladium-producing countries in the world; hence geopolitical conditions in these countries heavily influence prices.

·        Palladium is one of the most sought-after precious metals due to its many applications

·        Palladium is in high demand from several industries but is in short supply. As a result, the precious metal becomes scarce

Investing in a reputable company will ensure that your savings are protected. Check out our reviews of some of the top precious metals companies in the United States.