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Gold, Silver, Platinum or Palladium- Which Investment Option is the Best for You?

Precious metals are and have been a safe investment option since the last few decades or rather
centuries. They are an asset you can cash in anytime and get instant cash for. So, people usually
invest in them to get maximum ROI and to have a safe investment they can use during a crisis. If you
are also planning to invest in precious metals, you should know there are several types of precious
metals. Read on to know about gold, silver, platinum or palladium, which investment option is the
best for you.
  • Gold

    Used as the first choice during emergencies, gold is a safe currency. People who prefer a malleable,
    durable and conductive precious metal usually go for gold. It is also a good option for people who
    want to find a safe haven against inflation. Its prices don’t fluctuate dramatically in most
    circumstances. It is also a good option for people who want to buy a precious metal whose price is
    less affected by principles of demand and supply. Some general reasons to trust gold as an
    investment option are:
  1. It holds its value for a long time. It has been used as a safe option for several centuries now.
  2. It ensures that you have a safe option during geopolitical uncertainty.
  3. Gold can also be a hedge against deflation or inflation.
  4. It is the weakness of the powerful currency, the US dollar.
  5. As gold is a scarce commodity, its prices will be high and always on the rise in the future.
  • Silver

    Silver is another asset that you can consider if you want to secure your future. The demand for silver
    in industrial applications is higher, so the price of this metal remains more volatile than gold. It is
    also a cheaper option than other precious metals. The popularity of this metal is also low as
    compared to other metals. Still, you should consider it if you want to invest:
  1. In an asset that’s considered a legal tender in the US.
  2. In a tangible asset that has intrinsic value and whose demand will grow with time.
  • Platinum

    Platinum is also bought and sold as a commodity all over the world. It is very scarce, so its value is
    high and keeps on increasing with time. This metal is considerably new than other precious metals
    mentioned on this list because it entered the financial sector later than other metals. Most of the
    supply of this metal is from South Africa (about 75%). The demand for this metal is also high in Asian
    markets like India and China. People who want to invest in a scarce metal whose intrinsic value
    protects them against inflation and devaluation should choose platinum.
  • Palladium

    It is the least popular metal on this list which many of the readers might be unfamiliar with. It is
    often found as a byproduct of platinum extractions. But still, it holds a lot of value as an asset
    because it’s 15 times rarer than platinum. It is preferred for many industrial applications like
    dentistry, automobile and electronics production.
    If you want to invest in a metal whose demand is increasing with time, you can choose palladium. It
    is also capable of outperforming silver and gold and has done so. Also, supply deficits of this metal
    are expected. So, more and more people are interested in it.
  • Final Words

    No matter whether you have decided to invest in gold, silver, platinum or palladium or you have chosen to invest a bit in all these metals, you can trust NY Gold Company to provide you with the bets variety and reasonable prices.

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