Month: August 2020

Well-known throughout history as symbols of wealth, and commonly recommended by experts as hedges against volatility, precious metals are a key asset in many people’s portfolios.

For many people, that typically means gold or silver. After a recent record-breaking run, gold and silver have been in the spotlight of a lot of news coverage.

However, they are not the only metals that fall into the category of “precious metals.” What many people may be overlooking are platinum and palladium. In fact, like gold, palladium has also seen new record highs in 2020 and has crossed the $2,000 mark within the past 12 months. However, its journey upward began a few years ago.

Five years ago, palladium traded at $618 an ounce. It recently traded at $2,127 an ounce.

The price of palladium has been steadily accelerating over the past few years. In 2019 alone, palladium’s price rose 54% according to CNBC. This increase was driven by a demand for usage in catalytic converters required for cars in the EU and China, as well as a supply squeeze, as already limited sources in South Africa and Russia were facing difficulties. These twin forces of limited supply and high demand have boosted the metal’s price exponentially.

Then there is platinum. Platinum, like palladium, is also in demand for industrial and manufacturing use, including some auto manufacturing use. The recent pandemic has slowed manufacturing and industrial demand for both of these metals. However, this hasn’t snuffed out demand for the metals. In fact, this could prove to be advantageous for those thinking about purchasing either palladium or platinum.

The current slowdown in auto manufacturing provides a prime buying opportunity for these precious metals.

As global manufacturing picks up in future years, the need for these metals could increase, potentially pushing the price of these metals even further upward, making now an ideal time to add them to portfolios. In fact, a recent Reuters poll found that many traders believe both palladium and platinum will see accelerated growth in 2021 after car manufacturing picks back up.

If palladium’s price gets kicked back into high gear with a global recovery, palladium could be the ultimate addition to a precious metal’s portfolio in order to “hedge a hedge.”

It is a shame that both of these metals have flown under the radar of many people who are building their family’s wealth, as they could make excellent additions to their portfolios with palladium and platinum. When you are considering what you use to hedge your portfolio, don’t overlook palladium.

The post The Assets You Could Be Overlooking appeared first on U.S. Money Reserve.

If you’ve been thinking about diversifying your portfolio with gold… Do it now. Because gold just got a huge vote of confidence from one of the most respected and authoritative investors on Wall Street: Warren Buffett.

Buffett, a longtime critic of gold, entered the market big time. SEC filings revealed last week that Buffet’s company, Berkshire Hathaway, added a $562 million position in Barrick Gold in the second quarter of 2020, becoming the 11th largest shareholder of the gold mining company.

Berkshire Hathaway also, notably, unloaded billions of dollars of bank stocks.

And you know what that suggests? The Oracle of Omaha does not foresee the economy recovering anytime soon.

All that’s left for gold prices to take off is for Main Street to rush in. And Buffet’s move to gold will likely be the catalyst.

But, with 30% to 40% premiums on silver eagle coins and gold bars, bullion is not your best investment option right now. You could be seeing much better returns with other gold and silver coins.

Watch the video above for guidance on how to make gold and silver purchasing decisions you won’t regret 5, 10, or even 15 years out.

Speak with a Scottsdale Bullion & Coin advisor today to see which gold and silver products may be best for your specific diversification and investing growth goals.

OR CLICK TO CALL US NOW:1 (888) 812-9892

Kitco News

(Kitco News) – “It’s an exciting moment. When you find these types of nuggets. It’s no feeling you can describe. It’s something you never forget. It’s a feeling like no other.”

The post With cameras rolling, prospectors find $250,000 of gold appeared first on WorldSilverNews.

Kitco News

(Kitco News) – The metallurgical work is coming in, and Generation Mining (TSE:GENM) said today that its Marathon Palladium project in northwestern Ontario shows a favorable and significant increase to projected platinum group metals and copper recovery.

The post Generation expects better recovery of PGM, copper at Marathon appeared first on WorldSilverNews.

Kitco News

(Kitco News) – Adriatic Metals is a precious and base metals explorer and developer focused on its Vares silver project in Bosnia & Herzegovina.

The post Adriatic Metals gets court approval to acquire Tethyan Resource appeared first on WorldSilverNews.

Kitco News

(Kitco News) – If permitted, the Pebble mine will be North America’s largest mine, according to a study by the Center for Science in Public Participation. On the Northern Dynasty’s website the current resource estimate for the project is 6.5 billion tonnes in the measured and indicated categories containing 57 billion lb copper and 71 million oz gold.

The post Pebble sweetens the deal by making its resource ‘strategic’ appeared first on WorldSilverNews.

Kitco News

(Kitco News) – gold, economy, gerald celente

The post Gerald Celente: markets to implode, crime rate will spike appeared first on WorldSilverNews.

Silver Bull Run Creates Exciting Opportunities for Silver Mining Stocks  PRNewswire