Buying and selling precious metals can be a valuable investment opportunity, but it requires careful consideration of various factors. One of the most important aspects is understanding the market demand and supply dynamics.
Precious metals like gold and silver have been used for centuries as a store of value and medium of exchange. However, their prices can fluctuate significantly due to global events, economic conditions, and supply chain disruptions.
Types of Precious Metals
- Gold: Gold is a yellow metal with a high melting point and ductility. It is widely used in coins, jewelry, and electronics.
- Silver: Silver is a white or silver-white metal with a higher boiling point than gold. It is often used in coins, jewelry, and electronics.