What Makes Precious Metals So Valuable?
Several factors determine the value of gold, silver, and platinum. First, all three precious metals have tremendous conductive properties, making many electronic devices more effective, durable, and less expensive. Gold is one of the most malleable metals known. An ounce of gold may be stretched into several miles of fine thread without breaking it. Its beautiful color enhances jewelry and fashion. However, the major aspect of gold that makes it so attractive is its diversity of investment interest. Here are some of the reasons why investors buy and hold gold in their portfolios as a financial asset: • Hedge against both inflation and deflation • Protection against currency market fluctuations • Portfolio diversification • Safe haven in times of economic and financial market instability • Price based on supply and demand • A store of value despite governmental despots––especially in developing countries Note: there is no real substitute for gold! Silver is a key component of the precio
