The Difference Between Precious Metals: Exploring Silver, Platinum and Gold as an Investment
Exploring silver, platinum or gold as an investment opportunity is something everyone should do – in fact, about 10 to 20 percent of the average portfolio should be invested in a variety of precious metals. Depending on markets and supply, different metals show more promise for growth at different times. In the latest precious metals bull market, platinum took off long before gold caught up.
There are numerous reasons why it’s smart to consider silver, platinum, or gold as an investment this year; from diversifying your money in preparation for retirement, to investing in something that holds real, tangible value. Whether you’re interested in gold jewelry or silver coins, there is an ideal investment opportunity for you with precious metals.
Before you start making investment decisions, you should know the difference between the major precious metals. Explore several key points on the importance of putting your savings in gold, silver or platinum, today.
Consider Gold as an Investment Opportunity
For thousands of years, gold has fascinated humanity and it became the standard of wealth across civilizations. It’s malleable and it resists tarnish. It may have been among the earliest metals familiar to humanity, despite its rarity, and for most of human history, it’s been considered a store of wealth, whether in the form of treasure or measured out as currency. Central banks are responsible for most purchases of gold and private investors use gold as an investment to hedge against inflation and for growth potential in times of crises.
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Capitalize by Investing in Silver
Gold’s more affordable cousin, silver is thought to be more common underground than gold, but there’s actually less of it available above ground today. That’s because industrial demand uses up about half of all silver mined every year (sometimes in non-recyclable uses), and in some cases, the industry is even buying silver bullion stockpiles sold off by governments. As industrial demand outstrips supply, you’re going to want to find out where to buy silver sooner than later. The world has used more silver than it has produced for several years and that deficit means the outlook on silver is bullish. Simply put, if you’re already capitalizing on gold as an investment opportunity, it’s time to start buying silver, too.
Silver bars and coins are among our best sellers at Silver Gold Bull. Shop our silver selection online.
Discover the Advantages of Investing in Platinum
Platinum is widely used in both jewelry and industrial uses. In ancient history, platinum was used by pre-Columbian Americans in an alloy with white gold, while it’s also been found in Ancient Egyptian gold. It’s more durable than gold and its white appearance is like white gold, only it doesn’t turn yellow with time. Platinum has been given some favorable investment outlooks compared to gold lately. If you’re in the market for platinum bars, check out our inventory. You can find gold, silver, palladium, and platinum coins and bars online.
With one of the largest inventories of precious metals in Canada, you can always find what you’re looking for with us. If you’re looking to think outside of the box and are already taking advantage of gold as an investment, explore our selection of platinum products now.
Learn More about Palladium as an Investment
Palladium looks very similar to platinum, which is why jewelers began to use palladium around the 1920s (though it only began to be hallmarked in 2010). Palladium was discovered in 1803 and it’s a very recent addition to the precious metals market compared to gold and silver, but nearly half of its supply is consumed in industrial uses such as catalytic converters. About 80% of palladium is mined in Russia and South Africa, and another important source of supply is recycling. As an investment, like the other white metals, palladium provides protection from market crashes while also offering growth due to rising industrial demand.
Start Exploring Silver, Platinum and Gold as an Investment Today
Silver, platinum or gold as an investment is one you can count on. In an ever-changing financial climate, it can be challenging to know where to invest your money and how to best diversify your portfolio. When you buy gold or silver, you’re investing in a form of wealth that is universally accepted and more reliable than any paper currency has been in history. You simply cannot beat that.