If you’re interested in precious metals or platinum investing , it is an outstanding time to enter the marketplace. Working with a reputable firm is one of the first pre-requisites of success, and Monex has earned a name by providing buyers and sellers with an easy, safe, and reliable way to receive the highest returns from their investment. The company offers a wide variety of buying choices and has ingots, bullion, and coins that are offered in an assayed and hallmarked form that is essential for buyer security. In addition to purchasing precious metals in a hard format, buyers have plenty of other options that can facilitate trading.
While gold and silver may be what is traditionally imagined when thinking of precious metals investing, platinum is newer to the scene, but it offers a whole host of benefits and has some features that make it a proven choice for success. Any type of precious metal is unique in that it has an innate charm that has made it a store of value throughout time. Before paper money was in widespread circulation, many people relied on the use of precious metals to trade with each other. As a matter of fact, during the first few years of the United States, the paper currency was actually backed by gold that was held on deposit in federal reserves. While this has changed and the advent of electronic payment options has made paper money virtually obsolete, investors can still speculate on the changing prices of precious metals to earn money from their capital. Continue reading
As people increasingly switch to tangible assets amidst global economic uncertainty, rare coin investing, particularly of gold and silver coins, will grow along with the value of rare coins. Due to currently depressed gold and silver prices, many investors are taking advantage of the buying opportunity the recent bear market in both metals has brought.
Investor Interest in Rare Coins Growing
With massive amounts of money printing by the world’s central banks, especially the Federal Reserve, investors are concerned about the value of paper money. Investors have thus switched their focus to more traditional forms of money, such as gold and silver, since they cannot be created with the click of a computer button. Given that coins were made in significant quantities using gold and silver in the past, investor interest in rare gold and silver coins has grown along with interest in precious metals.
South Africa has played a significant role in the development of the platinum market. Much of the world’s platinum comes from this region. In fact, 70 percent of the world’s platinum originates from South Africa, but Russia is also a major supplier of this precious metal as well, which must be why the two countries announced a union earlier to expand the platinum market. Investing in platinum is a solid investment as much of the reports indicate that the market is in demand and steadily rising according to Bloomberg. These increases have led many investors to see a new territory with platinum. The following is a rundown on how you can invest in platinum as well.
Platinum Price Chart Code
History of Platinum Investing
Although coin collecting has been a popular hobby among many for years, there are a far lesser number of those willing to dedicate the time and study to collect rare coins for investment purposes. The truth is that investing in rare coins isn’t rocket science, but for those who buy as a hedge against inflation or any other reason, the key words are patience, determination, and research. In fact, there isn’t a rare coin investor who doesn’t have still more to learn about the field. Fortunately, along with the guidance of a knowledgeable and experienced rare coin dealer, investing in rare coins can be very rewarding, financially and otherwise.
More Than Face Value
The first issue to consider before buying any rare coins is to determine whether you want to invest in coins for their melt value or their collectible value or numismatic value. The melt value is simply the value of the metal that the coin contains. On the other hand, coins that a purchased for their collectible or numismatic value, which are priced on factors like the type of coin, the year it was minted, the place it was minted, and its condition – or “grade.” Rare coins are most often valued for their collectible value since they don’t contain as much precious metal as melt value coins. Continue reading
Interest In Precious Metals
There is much interest in investing in precious metals such as gold and platinum. Many fear that there will be a massive economic decline, so an investment in precious metals is seen as a way to hedge one’s bets against any potential economic decline. Also, there has been a massive increase in price of these precious metals as of recent. Price increases have been due to many reasons, but especially because of the desire for more asset protection.
Better Alternative To Bank Savings
Bank accounts pay very little in interest. At the same time, the stock market continues to go up and down in value on a daily basis. Inflation seems to be occurring on a nearly rapid basis as the price of goods and services goes up on a daily basis. Investing in platinum is a much better idea for the future because of the potential that this precious metal has for growing in value dramatically. Many have no idea how fast the precious metal market will grow or not grow, so it is a good idea to invest immediately for those whom are expecting major gains in the future.
An investment in rare coins can be profitable and enjoyable. From collectors to investors, these coins can help to diversify a portfolio. Each investment can be done for a coins numismatic value or the value of its metal content. For many years, the rare coin market was comprised almost entirely of collectors. Most of these collectors began a fascination with coins in their youth and began to gradually purchase more coins. In modern times, the rare coin market has changed significantly. Many buyers of rare coins do so in order to invest in the metal’s value. They may also purchase a coin as an investment instead of to collect it.
Benefits of Investing in Rare Coins
When inflation increases drastically, the value of someone’s money goes down. During World War II in Germany, inflation increased so drastically that people supposedly had to purchase a loaf of bread with a wheelbarrow full of cash. Although the United States has not dealt with this level of inflation for a long time, it can happen again. One of the few ways to beat inflation is to invest in a product like a rare coins, bullion or high-quality jewelry. As prices creep upward, the value of the investment will keep match. Rare coins are a great way to diversify a portfolio. The goal of any portfolio is to provide investments that can appreciate in any economic situation. Rare coins are good diversification tools because they have characteristics that regular stocks and bonds do not have. Continue reading
When people think of precious metals investing, the two big trades that come to mind are gold and silver, the two metals commonly featured on nightly commodities news reports. Less attention is paid to platinum. But, investors with an eye toward diversification know that platinum offers a different type of play than gold and silver. Platinum trades more heavily as a resource utilized by industry. It also is more likely to move upward against political trends that favor liberal governments. Consequently, platinum provides a greater level of stability, historically, along with a slightly different trend in terms of reactions to global politics and economics.
Why invest in platinum?
Platinum trades somewhat differently than gold. Where gold often trades stronger during times of economic uncertainty, platinum tends to suffer. The trade-off is that, due to the demand-sided aspect of platinum’s role in several industries, platinum often trades higher during periods of global economic strength. From an investing standpoint, this is beneficial, because it gives commodities traders a place to flee as the economy heats up and gold prices collapse through multiple support levels.
Most people with an interest in collecting gold and rare coins hope for a coin portfolio that appreciates with time. To avoid losses and make money in any collectible, investors should plan with care and ask questions before investing. Investors should research the best coins to buy, then learn how to avoid losing money in rare coins.
A short history of rare U.S. gold and silver coins. According to the authors of “2012 North American Coins & Prices,” (2012) the market values of gold and silver varied in the early years of the country. For example, during the California Gold Rush, silver values temporarily exceeded that of gold on a supply vs. demand basis. Author Edgar Holmes Adams (“Private Gold Coinage of California: 1849-55, its history and its issues,” 1912) writes about the bonanza years that started in 1849. An octagonal $50 gold “slug” was used as currency. Ten, $20 and $25 gold pieces were stamped “CALIFORNIA” and reflect the plenitude of gold in the country during this exuberant time.
Prior to 1838, most Americans preferred to place gold coins in a vault rather than spend them for goods and services. In 1870, with the discovery of several Nevada silver mines, the price of gold declined in relation to gold once again. Continue reading
Platinum is a chemical element and member of the platinum group of elements. Most metals in the platinum group are prized for resilience to corrosion and relative imperviousness to high temperatures. In fact, platinum is regarded as a noble metal due to its resistance to oxidation and corrosion.
Noble Metals and Base Metals
Palladium, platinum and gold are all noble metals and generally resistant to aging. Base metals like zinc and iron, on the contrary, do not age very well. Nobel metals are popular for other reasons, however. Platinum has numerous industrial applications and aesthetic uses. For example, platinum is used predominately in the catalytic convertors of automobiles, yet platinum is making inroads into jewelry stores, the dentist’s office, thermometers and even the hands of collectors.
Platinum as Precious Metal
A precious metal is a metallic element of high economic worth. Precious metals, such as platinum, are often ductile and contain a rich lustre. In the past, precious metals took the place of fiat paper in large economies. Today, however, precious metals like gold, silver and platinum are viewed as investments and hedges against unstable local currencies. Platinum is actually the most widely transacted precious metal in the world. In other words, investors have determined that platinum is a worthwhile store of value and investment opportunity.
While most people hear the word “investing” and think of the stock market, a mutual fund, or some other traditional way of growing their money, rare coins are increasingly becoming an option in a society looking to insulate itself against the risks associated with traditional stock market investments. Over the past several years, especially, rare coin investing has grown at unprecedented rate as both collectors and those with a financial prerogative look to make big moves with their investments.
For those who are on the fence about rare coin investing, as well as those who aren’t quite clear about what the field entails, it’s worth learning the top ten benefits of moving at least some portion of an investment portfolio into this growing industry. Whether it’s the benefits of diversification, the long history of stability in the industry, or another reason, it may be time to make a big move toward rare coins.
One of the most beautiful precious metals traded today is platinum. It is found in even smaller quantities than gold and silver. However, it is commonly ignored in favor of other precious metals. This is also a very interesting investment asset because it is commonly used in industrial applications. It is also a vital component in motor vehicles. There are many different options for people to invest in platinum. This includes stock in businesses heavily involved in the sale and extraction of the metal. Other investment options include exchange traded-futures contracts and both futures-based and physically backed exchanged-traded products.
Uses and Physical Properties of Platinum
Platinum is a malleable and dense transition metal. It also belongs to the platinum group of constituents that are generally unreactive. It has certain physical attributes that make it very useful for industrial applications. It is highly resistant to corrosion even in extreme weather conditions. This makes it very appealing for use as a component in catalytic converters.
About half of the world’s supply of platinum is used for emission control devices for motor vehicles. Due to its catalyst attributes, it helps in the conversion of hydrocarbons from the car’s exhaust into water vapor and carbon dioxide. Electronics and jewelry also make significant use of platinum. At the same time, platinum is also being used in thermometers and certain dental applications.
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