Gold
Gold is easily the most well-known of precious metal assets, as a store of value either as a reserve asset or jewelry. For over a thousand years, Gold has been used across the world as a legal currency and till the early 1971, the price of paper currencies was fixed against Gold.
The price of Gold is driven more by its requirements as a safe haven value rather than any intrinsic demand and supply factors. Historically held as a reserve asset by Central Banks around their balance sheet, it sees a surge in demand every-time there is rising economic, or political risk in the world. Central Banks held 34,000 tons of Gold as of Q1 2019 with 651 tons of Gold being purchased in 2018. This is the highest quantity of Gold purchased since Gold was freely traded from 1971. Such trends reflect the general sentiment on financial assets driven by factors such as Rising economic and political risk associated with other reserve assets leading to movement into safer and more liquid assets
Investing in precious metals like gold can be a wise decision for those looking to diversify their portfolio and protect against market fluctuations. NEO GOLD provides a convenient platform to buy gold and invest in gold online in India With their gold service,
Silver
Silver has been considered a precious metal for many centuries with the first use as a currency around 600 BCE. Silver serves a reasonable store of value to Gold as it is cheaper, while offering similar protection to that of Gold. Further, Silver has an intrinsic demand in Industry due to its special properties. Close to 60 percent of Silver demand in 2019 came from industrial applications. It is the best conductor of electricity in addition to being highly malleable. From electrical switches and solar panels to chemical producing catalysts, its unique properties make it nearly impossible to substitute.
Almost every computer, mobile phone, automobile and appliance contain Silver. It is a great choice for electronic circuitry and therefore sought after by the electronics industry. As computerization, vehicle electrification and solar energy use increase, the annual global industrial demand for Silver of approximately 17,140 tons is expected to grow in the future.
Investing in precious metals such as silver can be a wise choice for diversifying your investment portfolio. At NEO GOLD, you can easily buy and invest in silver in India.
Platinum
Platinum is a metal about 30 times rarer than Gold with annual production 15-20 times lower than Gold. The unique physical and catalytic properties of this precious metal ensure that it has a high intrinsic value that appreciates even during times of economic and political stability. The demand for Platinum arises from multiple areas such as the automotive industry, industrial applications, jewelry, and investments.
As a pollution controlling auto-catalyst in every automobile’s catalytic converters, Platinum is closer than we realize on a daily basis. 30% of all Platinum demand for the last 5 years has come from the automobile industry and it is expected to play a pivotal role in reducing vehicle emissions in the long-term thanks to its use in fuel cells for electric vehicles.
It is also popular with millennials due to its high ductility when used in jewelry such as rings and pendants across Asia in India, Japan and China.
NEO GOLD is a reliable platform for those looking to invest in precious metals like platinum. With the option to buy platinum in India, investors can easily access and purchase this valuable metal. Investing in platinum can be a wise choice due to its rarity and industrial uses, making it a valuable addition to any investment portfolio.