This yearly market report will focus on gold, silver, and platinum.
Gold: The Bargain Investment
In 2013, the price of gold fell significantly, to about $1,200 per ounce, and stabilized in that range during 2014.
With a growing economy and more secure jobs, people are beginning to invest more of their money in precious metals. In fact,Americans bought 207% more gold during the third quarter of 2015.
That’s because gold is currently devalued and is expected to increase significantly in the coming years.
Silver Now At 70% Discount
The price of silver offers another appealing bargain for investors, now at a 70.8% discount over its previous price of just over $48 per ounce in April 2011.
Now priced at just $14 per ounce, silver is expected to deliver a very healthy return as it stabilizes and grows. If silver reaches its April 2011 price soon, investors will reap a 342.86% return.
Platinum: The Steady Investment
Platinum is an investment very unlike gold because it has practical applications. In fact, platinum is used in automobiles “to convert toxic by-products from exhaust into a less-toxic final output.”
For this reason, platinum remains in demand even in prosperous economic times.
With an improved economy, more platinum will be necessary to build the influx of new cars. “Sales of autos and homes are once again rivaling the numbers pre-recession,” and that means an increase in platinum prices.
Currently, platinum costs less than gold, which is a rare opportunity for investors to buy this precious and practical metal at an incredible bargain.
To learn more about how gold, silver, or platinum can protect your wealth, please contact us today.