World's Top Most Precious Metals

If you thought gold, platinum and silver to be the only expensive precious metals in the world, then you were missing on something! When it comes to jewellery gold, silver and platinum comes to our mind. And when we talk about investments and trading, then gold and silver bullion pops up. But there are more metals, which are expensive, due rarity or costly extraction methods. Here we have compiled a list of top most valuable metals to add to your knowledge.

Rhodium

Source: en.wikipedia.org

Silvery coloured Rhodium is rarer than gold and this makes it one of the most expensive metals in the world. Due to its reflective properties, Rhodium plating is done on Gold jewellery. Also, it is used in making mirrors and searchlights. It is corrosion resistant and has high melting point. This is the reason for its usage in the industrial application, including automotive industry.

Gold

Source: bullionforless.co.uk

Gold has been the most popular metal in the world since centuries. Its yellow colour, shine and malleability have resulted in its usage in the making of the jewellery. Considered as the safest option for investment, gold bullion bars and coins have always been the favourite of the investors. Because of its high conductivity, it is used in electronics. There was a time when gold coins were used as currency. If grow your investment portfolio, buy gold online.

Ruthenium

Source: rwmmint.com

Ruthenium is another rare metal and its rarity makes it precious. It belongs to the platinum group of metals in the periodic table. The metal is hard and durable and hence used as an alloy to improve the hardness of other metals. It is mostly used in the electronics industry.

Platinum

Source: waikoloaministries.org

The most versatile metal that finds its use in many industries is platinum. After gold and silver, platinum jewellery is pretty popular. With its silvery shine, no wonder, its name came from Spanish word platino which means 'little silver'.  Being the highly malleable, non-corrosive and resistant metal it is used not only in the jewellery making but also in aeronautics, dentistry and weaponry.

Iridium

Source: wikimedia.org

Processed from platinum ore or results as a by-product of nickel mining, Iridium is also valuable metal. Being the member of the Platinum group, it is used to harden platinum alloys. Its extremely high melting point and corrosion resistance makes it useful in various industries including electronics, automotive and medicine. It's used in the making of pen tips, jewellery, watches and compasses.

5 Good Reasons to Buy Gold

1.    History of holding value

Gold has consistently kept its value throughout the ages and is a way to pass on wealth from one generation to the next. It has been precious throughout history but wasn’t used as currency until around 643 BC. From an approximate value of $20.63 in 1929, to an approximate value of $1,302.50 in 2017, the value of gold has risen with the fall in the US dollar. As the dollar falls people turn to invest in the secure, physical gold; as shown between 1998 and 2008 where the price of gold nearly tripled.

2.    Inflation

Gold is a hedge against inflation in the long term because its value rises when the cost of living increases. Unlike money currency and stocks, gold prices soar during high inflation years hence it can serve as a relatively effective inflation hedge, usually accompanied by fears about the current state of the U.S. dollar and the global monetary system.

3.    Deflation

Deflation is a period in which prices decrease, business activity slows, and the economy is burdened by excessive debt. The global deflation, also known as the Great Depression of 1930s, saw the relative purchasing power of gold soar while other prices dropped significantly. Between 1929-33, overall prices fell 31%, yet gold’s purchasing power rose 44%; for even in a depression gold is still precious.

4.    Increasing Demand

An increase in wealth of emerging market economies boosts the demand for gold. Demand for gold has also grown among investors, as many are beginning to see commodities as an investment class into which funds should be allocated.

Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are key trends which are ensuring gold is maintain its relevance as a strategic asset in 2018. 

5.   Decreasing Supply

Much of the supply of gold in the market since the 1990s has come from sales of gold bullion from the vaults of global central banks. This selling by global central banks slowed greatly in 2008. At the same time, production of new gold from mines had been declining since 2000. Bullion prices are set to climb as a result, due to a lack of exploration and the global industry’s lack of replacing the reserves it has been mining.

All of these factors play a large part in the reasons behind why you should invest in gold. Whether it be to protect your current economic status or to increase your wealth, gold is a valuable, precious element that’s future holds promise and prosperity. For more information on gold bullion visit https://www.bullionforless.co.uk