Nowadays it is a tradition to invest in precious metals. This is because unlike money they have intrinsic value. Even if economic and financial problems affect the value of currencies, precious metals are still worth very much. This is a strong market that unlike others is not affected by crises or recessions.
There are mainly three precious metals that people invest in: silver, gold and platinum. They are rare so they worth very much. Among the three silver is the cheapest one. However they are all appreciated by investors and not only. Many industries benefit a great deal from their qualities. For example the medical field uses them because they are resistant, they do not cause allergies and sometimes because they look nice. This is in fact a quality highly appreciated in dentistry. The fact that they look great is also why the three metals are used to make jewels. They do not tarnish and are very malleable so they are a perfect candidate for earrings, bracelets, rings and many other jewels.
Silver is the cheapest from the three. However it is extremely beautiful too. But this metal is mainly used in industrial applications because of the affordable price. One can also purchase silver bullion coins as a way to invest in the precious metal. In fact silver can be invested in under the same forms as gold. Exactly like in the case of the yellow metal, there are also silver coins with numismatic value, which because of their history and rarity may worth as much as gold sovereign coins.
Platinum is the rarest of the three. Because of that, during times of economic stability it may worth even twice as gold. However its value decreases a lot during periods of instability. Sometimes it may be even cheaper than gold. This fact makes it less safe than the yellow metal. In fact platinum is mainly used with decorative purposes. A few years ago there was even a trend among celebrities in the musical field to wear platinum jewelry.
Most professionals consider gold the most suitable for investments from the three precious metals. Investors even perceive it as a heaven during periods of instability. Its price is on a constant ascendant curve, that isn’t affected by economic, financial crises or even recessions. Investors can purchase it as physical gold or as shares, stocks, certificates, and many other forms. But there is one thing for sure, that they are all safe ways to put money to work.
Source by Jack Wogan
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