All Signs Point to a Strong Future Market for Precious Metals
We are optimistic that the prices of our preferred precious metals – silver, gold, platinum, palladium and even rhodium – are not only stable, but poised to rise in the months and years ahead.
We have a number of reasons for being optimistic. Some are political, some tied to factors like international trade. In no particular order, here are some of the reasons we feel upbeat that precious metals, and precious metal scrap, will remain a great investment in the future.
World instability will increase the demand for recycled gold, silver, platinum, and other precious metals. Russia has troops massed on the Ukraine border. Belarus has become an international pariah since it forced down a commercial jetliner just a few weeks ago. Our country’s relationship with China is troubled and likely to become more so. The good news is that our relationship with South Africa, which has the world’s largest reserve of platinum, remains solid. But instability anywhere in the world threatens free trade. And we have seen historically that when trade is restricted, the prices of gold and platinum especially tend to rise.
The rush to make more electric cars will support high gold prices. There’s been lots of talk lately that the demand for new batteries will increase the demand for lithium. That’s true. But the fact that electric cars and charging stations are packed with circuit boards, all of which contain gold, will drive demand for that precious metal and keep prices strong. In a parallel trend, a number of new automotive features, including self-driving technologies, will increase the technical content of cars and lead to increasing demand for gold and silver.
The popularity of solar panels will keep silver prices high. According to some estimates, about 80 million Troy Ounces of silver are used every year to manufacture solar panels that we see in more and more places today – in open solar fields, on roofs, and elsewhere. Plus wind farms, which are packed with circuit boards that contain gold, are being installed both on land and in the ocean. These trends will also contribute to keeping precious metal prices high.
New medicines and medical technologies will demand more gold, silver, and platinum. Our preferred precious metals are finding new applications in both medical devices and in medicines for cancer and other diseases.
New companies that will shuttle civilians into space will increase the demand for gold and other precious metals that are needed for aerospace applications. We don’t yet know how big the trend to civilian space travel will become. But we can look back at the growth of airlines and air travel over the last century and predict, with some certainty, that demand for precious metals will be driven up by this development.
Keep buying gold scrap, silver scrap, platinum scrap and other top investments. And keep sending it to us for testing and processing. We are here to help you profit from all these trends, and more, as you make more money from all your precious metal investments. We invite you to call our precious metal consultants at 800-426-2344 to learn more.