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The Difference Between Investment Metals: Gold, Silver, And Platinum

Investing in precious metals 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. But before you start making investment decisions, you should know the difference between the major precious metals.

Gold – 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 it to hedge against inflation and for growth potential in times of crises. If you want to start investing in gold, look no further than Silver Gold Bull Canada for your order.

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, 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. Silver bars and coins are among our best sellers at Silver Gold Bull.

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 gold dealers in Canada, you can always find what you’re looking for with us.

Palladium – 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.

December 12, 2017