Precious Metals Investment Outlook by Metal 5.00/5 (100.00%) 5 votes

Whether they are aware of it or not, there is no one in today’s world who hasn’t invested in something even if it was something as simple as a toy. Despite this, the most profitable investments (and the ones that people generally think of when defining the word) include items such as bonds, stocks and jewelry. In fact, many people consider jewelry to be one of the best investments because of their precious metals but this is not the best form to choose when investing in these metals. When selected correctly, most experts agree that the precious metals investment outlook is positive. Here is more information on the specific outlook of each of the precious metals.

Gold

Gold is probably the most popular of the precious metals and part of this is due to the fact that everyone knows it. Each piece of metal contains 24 parts and the Karat rating depends on how many parts gold it is. For example 18K gold is made up of 18 parts gold and 6 parts other alloys like nickel. It is these additional alloys that provide gold with strength and everyday use. The precious metals investment outlook for gold is very good, however, because of its many uses. It has traditionally been used as currency and some areas are considering renewing this purpose. It is also very popular for jewelry as well as to help conduct electricity in a way that will not tarnish. Experts do feel that the immediate precious metals investment outlook for gold may drop although it will increase passing normal levels soon after.

Silver

Silver is another popular option for investing in precious metals and it is also the most affordable option. This means that it is ideal for those who do not have a great deal of money to invest but are still looking for a positive precious metals investment outlook. Because of its hardness, silver is incredibly practical with many uses ranging from electrical conduits to surgical instruments and even everyday items such as silverware. Despite its price, silver is still a great investment option as experts believe that it will grow greatly in price in the years to come.

Platinum

Platinum is incredibly rare and in fact 15 times as much gold is mined as platinum which of course has a large impact on its value. In addition to its rarity, platinum is also incredibly useful. It is a popular option for jewelry due to its beautiful appearance, lack of tarnishing and hypoallergenic nature. It is also great for cars because it prevents the emission of toxins into either the environment or the car itself. Platinum is also incredibly popular among coin investors due to the rising prices. For the last half a year or so, platinum has stayed around $1,457 per ounce. Despite this high number, experts feel that the precious metals investment outlook for this metal is incredibly good as it may increase in value by a quarter within a few years.

Palladium

As with the other precious metals, palladium has many uses and that combined with its rarity is what makes it valuable. Like platinum, palladium is able to eliminate toxins making it ideal for cars and machinery. In addition, it is used for surgical equipment, jewelry and as a conductor. Palladium used to only be used as an addition to jewelry such as turning yellow gold into white gold but now it can also be found alone and is popular due to its expensive look, strength and affordability compared to other precious metals. In terms of price, palladium sits somewhere between the low price of silver and the higher ones of gold and platinum. The precious metals investment outlook for palladium is great as some experts predict it may increase by $1,000 or more within the following 5 years.