Gold & Precious Metal Trading

• Gold, Silver, Platinum and Palladium are collectively known as Precious Metals.
• These metals are rare, difficult to mine and naturally occurring in metallic chemical element form. Their rarity makes them expensive and are indispensable to industries and investors alike. Unlike other metals they are weatherproof and can be store for years without losing their purity and quantity. Since ancient times, precious metals like gold, silver, platinum and palladium were used as currency but nowadays these precious metals are used for jewellery, industry and to hold as an alternative investment class.
• Gold is unique in nature. Nowadays gold is primarily used as jewellery and main hedging device by many countries and traders. Gold is also a good conductor of electricity, which make it important component for many industries. Apart from jewellery, gold is used in electronics, medicine, space amongst others.
• Silver is second most important precious metal after gold. Silver is less rare than gold and its economic value is also lesser than gold, still it has good value in present era. Like gold, silver is also used in making jewelleries and utensils. Silver is also used as saving instrument in many countries. Industrial use of silver is not less than gold. Because of its properties silver is used in silver cutlery, solar and nuclear energy, photography, antibiotics, and electronics industries.
• Platinum has been used extensively by people since the ancient Egyptian era as adornments. In the modern world today, platinum is used in computer parts, catalytic converter, oil refining and jewellery.
• Palladium is quite similar to that of platinum like its solidity, pigmentation and catalytic capabilities, its uses are very similar to that of platinum.
• Owning precious metals could also be seen as a way of diversifying one’s investment portfolio as this method is a non-correlated asset compared to other assets.