Precious metals have always provided sound investment opportunities for a multitude of reasons, and with their rapid rise in value as of late, many investors are building their stockpiles of gold, silver, platinum and palladium. An investment in precious metals will always grow in value over time; and over the next ten or twenty years, the precious metals outlook for a substantial return on investment is quite positive.
Gold is Golden
The price of gold may fluctuate from time to time, but overall it has maintained a substantial increase over the last few years, especially after the economic downturn of 2008 and 2009. When economic times are tough and the political outlook is uncertain, investors turn to gold as a safe investment that will always have substantial intrinsic value.
Those who made considerable investments in gold just five or ten years ago have made quite a bit of profit. Gold is still being snapped up by investors, as well as a whole industry of gold investment shops that have cropped up to purchase old broken jewelry and the like.
The Silver Lining
Much lower in price per ounce than gold, silver’s star is on the rise, and is projected to continue its ascent well into the next decade and beyond. Return on investment may be even better with silver than gold, as it is not only an attractive precious metal used in jewelry and collectible coins, but a significant amount of it is actually consumed in industrial uses. That means that silver must continue to be mined in order to keep up with demand.
Platinum became an official precious metal used for investment in 1968, and has seen tremendous increases in value over the years. Platinum prices are unusually low at the moment, so this is a prime opportunity to invest in a precious metal that is sure to bring a handsome return on investment in a very short time, as well as being a sound long-term investment as well.
At the Palladium
The newest kid on the precious metals block, palladium is a very rare metal, and provides an excellent opportunity for investors looking to earn a very nice return in the short term and in the long term to boot. With its value increasing by roughly 40 percent over the last two years, palladium is in high demand, internationally, and supply is limited. Add to that, palladium is also consumed through industrial uses, so its price is not likely to drop anytime soon.
Short Term versus Long Term Investment
Prices of precious metals are in a constant state of flux, so those looking for a sure-fire short-term investment need only wait for just the right drop in value to take advantage of the volatility, knowing full well they will rise again shortly. The precious metals outlook is one that remains very solid.
As far as long-term investment, precious metals are a limited commodity with a strong intrinsic as well as sentimental value. They provide comfort to nervous investors worried about the continued value of their wealth, and are often purchased in huge quantities during times of economic turmoil. As part of a well-rounded investment strategy, one can’t go wrong with precious metals.