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TOP 5 MOST TRADED PRECIOUS METALS

 

stockssAfter the 2008 recession, investors find a new way of safer investment by investing in valuable precious metal. Following are the top 5 most traded precious metals in the world for the year 2014.

 

 

 

1. Gold

Sale price

We have seen a descending trend in the gold prices in USA from past 10 years. Till the end of 2014 gold prices in USA ranged from (1,132 1,392 $/oz). The incessant sturdy US Dollar as well as declining power prices ought to additional saddle on Gold. Gold was sold for about $ 38130/kg till the end of 2014.

Investment

A venture in gold is a confident gamble. Investing in gold is a high-quality way to spread and minimize the menace of an assets assortment.. The fact that gold outlays than other investments in a collection vulnerable to rise and fall in prices is, its trustworthiness .The factors responsible for gold prices are the supply and demand, US dollar value, supply and demand, ,rise in prices and interest rates.

Uses of gold

  • Jewelry
  • investment
  • electronics
  • dental

Price chart till 2014

gold

2. Silver

Silver was subjected to decline in its prices in the end of 2014 with a price of 14.40 $/oz. When looking at throughout the year 2014,Silver remained the low price precious metal throughout the year 2014, with annual loss of about 20%. Its high and low prices in 2014 were recorded to be $21.965 and $15.315.

 

Investment

Silver investment is a confident way of making sure of having a stable structure of currency where the capital is potted. Its a better way of preserving the assets despite the position of the financial system and particularly beneficial to clutch silver in period of great economic disorder.

 

In 2014, 54% of total physical silver demand came from industrial uses, which included electronics, automobiles, and jewelry. Another factor for growing silver demand was Japan’s solar explosion. China is reported to be imported the most of silver in the previous year about 1,154 tons.

Uses of silver

  • Jewelry
  • Electronic devices
  • Silver Oxide Batteries
  • Piping
  • Water filtration and Medical Uses
  • Solar Panels

Silver price chart

silver

3. Platinum

Platinum is amongst the world’s scarcest metals. Provisions of platinum are concerted in South Africa, which results for roughly 80% of provision; Russia, 11%; and North America, 6%. Because of the metal’s significance as an manufacturing substance, its fairly stumpy assembly, and attentiveness amongst a not many suppliers, prices can be unpredictable. For this reason, investors find it attention-grabbing.

 

The prices of platinum varied according to the supply and demand. The value of platinum tends to be twice of gold, during periods of unrelenting financially viable constancy and escalation. We see a decrease in its value throughout, throughout periods of fiscal vagueness. The price of platinum tends to decrease because of its decrease in requirement, declining beneath the price of gold, partially owing to amplified gold prices.Platinum is traded on the New York Mercantile Exchange (NYMEX) and the Market. The high and low prices of platinum in 2014 were $1,178 and $1,520

 

Platinum demand is focused in India and china particularly in jewellery industries and vehicle trading industries. The average price of platinum till the end of 2014 remained to be $38902 per kg.

Uses of platinum

  • Jewellery
  • wire and vessels for laboratory use
  • thermocouple elements
  • electrical contacts
  • corrosion-resistant apparatus
  • in dentistry
  • platinum-cobalt alloys have magnetic properties
  • coating missile nose cones, jet engine fuel nozzles

 

 platinum price chart

platinum

4. Palladium

Palladium had a constructed price progress in 2014.the main four factors behind the price of palladium are as follows

  • Ukraine crises.
  • vigorous venture demand
  • vehicle industry
  • Terror of lack in supply to the worldwide leading palladium manufacturer, Russia.

Palladium had a trading range at 740 $/oz – 900 $/oz.and average price of $25559 per kg.

40% of palladium is produced in South Africa. Russia’s mining company Norilsk Nickel produces another 44% of palladium, with the US and Canada-based mines producing most of the rest.[1]

Uses of palladium

  • Fuel cells
  • Oil refining
  • Polyester
  • Coinage
  • Jewelry
  • Dentistry
  • Electronics

Palladium price chart

palladium

5. Rhodium

Only a few years ago, rhodium was the world’s mainly posh metal with the per ounce price topping $10,000 dollars in 2008.It is 100 times more rare than gold, and over 150 times more rare than silver. But apart from of its very expensive price, rhodium is an imperative metal for the automobile industry as its application in catalytic convertors is unrivaled. Rhodium price increase in 2014 was much higher than expected. The high n low prices of rhodium in 2014 were 350 $/oz and 150 $/oz. Whereas the average rhodium price in 2014 was $39641 per kg.Hence the average price of the past 10 years has for all time been at about 3,000 $/oz and thus still 2.5 times above the existing price.

rhodium

As the global economy is improving, valuable metals are getting   less attractive for the investors as they are not much in  need of a safe haven. But the trio of silver, platinum and palladium are still in demand and their  demand is much driven by their industrial demand than their safe-haven status. Continued rising manufacturing will only strengthen their appeal in coming years  .

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About Emaad Qureshi