At Midas Gold Group we often encourage investors to take some positions in the industrial metals market. Purely industrial metals include platinum, palladium, and rhodium. All three of these metals, Platinum Group Metals (PGM), derive a significant part of their demand from the auto industry where they are used in catalytic converters to reduce emissions.
While most precious metal investors closely watch the price of gold and silver, many miss major moves in some of the industrial precious metals such as platinum, palladium, and rhodium. For many investors, diversification into these industrial metals can add diversity and profit potential to any balanced precious metals portfolio.
There are many choices when it comes to investing in precious metals. We’re looking at uncirculated bullion coins, proof coins, and pre-1933 gold coins. Without making recommendations towards one or the other, we want to explain the differences between regular strike government issued bullion coins…what the Mint calls “uncirculated,” proofs, and pre-1933 gold coins.
It is no secret that long-standing institutions seeking to preserve generational wealth own gold. Gold is a popular store of value with wealthy families, royal dynasties, multinational organizations, religious groups, and particularly central banks.
As the Fed meeting wrapped up as expected with no change in interest rates, gold ended the last week of January holding gains of roughly $40 on the spot market. More importantly, gold has broken through and held above key support level of $1,303. The gains for the yellow metal are primarily attributable to a […]
God created all things. The foundation of the Bible is Genesis is about the creation of our planet. It describes how our hills are filled with gold and silver. There is a limited supply of everything that exists. It is that way for a reason. The natural resources available to humanity are finite. It is […]
People look at silver as the poor man’s gold, which is absolutely the wrong way to look at it. Silver is an important metal. More of a strategic metal than a precious metal, it has many industrial uses. Did you know silver is the most reflective metal and the best conductor of electricity?
In a semi predictable economic environment, gold price forecasts from some of the major investment banks have been accurate. In early 2018, Citi projected gold to end the year at $1,270; Goldman Sachs projected $1,275 around the same time. These projections were extremely accurate. In 2019 Citi and Goldman see gold prices hitting $1,350 and […]
I’m writing this blog on a day where our national debt is over $24 trillion; the Dow took an 800-point nosedive; and the world is about to turn its back on the US dollar, or as Vladimir Putin said in a recent Bloomberg article, We aren’t aiming to ditch the dollar, the dollar is ditching […]
Click on the image to download our Guide to Owning Bullion & Coins, a basic tool for new and experienced metal investors.
