These World Trends Point Toward Increasing Prices for Precious Metals
Where should you invest in 2023? You have a lot of options, of course, including stocks, mutual funds, and municipal bonds. But if you are looking for investments that will produce an above-average return on the dollars you invest, you need to look no further than these choices . . .
Gold is used to make jewelry, electronic devices, and more
Platinum is used to make jewelry, electronic devices, lab testing equipment, and a growing number of medical devices that include implantable defibrillators and pacemakers
Silver, which is used in a staggering number of different applications that include jewelry, lab testing supplies, and even printing inks and medicines
Rare earth metals, which are needed in touch screens that are used in phones, computers, and cars
Lithium and cadmium, which are used in batteries that power most everything today, from automobiles to smartphones
Four Trends that Will Drive Prices Higher for These Materials
Here are some factors you might not have thought about that will impel prices rises and increasing demand for the materials we list just above.
Spending around the world is increasing. Consumer spending in North America is on a strong upswing. But that’s only one part of the story, because consumers around the world in countries like China, South Korea, and India are spending more and more on consumer items that include mobile phones and cars.
Tighter environmental regulations are being enacted in many countries. This will increase the demand for recycled gold, platinum, and silver because recycling is more environmentally friendly than mining is.
Post-covid lockdowns in China have all but shut down the production of precious metals. This trend, like the one we mention immediately above, will increase the demand for recycled precious metals.
Cryptocurrency, an investment that some speculators thought would lure investors away from investing in precious metals, has failed to live up to expectations. As speculative investors have realized that cryptocurrencies are an extremely risky investment, they are turning their attention back to precious metals.
Learn More about Collecting and Profiting from These Appreciating Investments
If you have gold, platinum, silver, or the other materials we write about in today’s post, call 800-426-2344 and talk to our precious metal refiners. We want to hear about what you are investing in, and we can explain how to turn your precious metal scrap into cash. Give us a call today.
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