Investors currently searching for high profitable investments should consider investing in gold, silver, platinum and palladium. The precious metals outlook continues to show that these metals will be in high demand. In addition, the supply side of all four metals is expected to stabilize, or significantly decline. Mining operations in South Africa are expected to minimize their production over the course of the next 24 months.
While gold has always been the leader when it comes to precious metals, platinum over the last few months has risen significantly higher. Currently, the gold spot price is hovering around US $1700 per troy ounce, where platinum currently holds a spot price of US $1730 per troy ounce. Both are poised to take a significant rise in the upcoming years.
Gold as an Investment
Most experts are forecasting that gold will continue to be a premium investment option for any individual that wants to diversify their portfolio. All indicators are that by the end of this year (2013) the price of gold could soar to record highs. However, there are no sure bets in the world, especially in the world of investing. As the price of gold has hovered at its current price throughout the entire 2012 year, it certainly is poised to make some movement upward. Waiting until it does that might not be a prudent move.
A Lower-Cost Investment
Palladium is continuing to be recognized as a rising star in the precious metal world. Currently valued at approximately US $775 per troy ounce, it is far more affordable than either platinum or gold. As an affordable precious metal, it works well for the medium investor eager to diversify a substantial amount of his or her portfolio. If that price appears to be too high, silver is always available.
The Precious Metals Outlook for Investing in Silver
The current spot price of silver is approximately US $32.50 per troy ounce, although it continues to fluctuate. It has reached a high of nearly US $35 per troy ounce, and a low of US $31 per troy ounce over the last couple of years. However, with the US economy stabilizing, and much of the economic uncertainty in Europe finding solid footing, the demand for silver is expected to rise significantly over the next 24 months.
This is a result of the increased demand in electronics, and other commercial enterprises. Because of that, many experts agree that the price of silver could reach as high as US $40 per troy ounce in the next 2 to 3 years. As a result, the precious metals outlook for silver seems to be stronger than ever, even with its continuing fluctuation in pricing.
Precious metals have long been known to be unaffected by major shifts in world economies. While the bond and stock markets have lost significant value, and are only now crawling their way back, precious metals have retained their value and gained in worth during the same time. Their value is always determined by the high demand and limited supply. There is no way to make any more precious metal on earth. To increase the supply requires searching, mining and harvesting gold, platinum, palladium and silver from locations all around the world. As long as the world demands more than can be supplied, the precious metals outlook will continue to grow strong in the long haul.
Many investors choose precious metals as an effective safety net when other trading instruments in their investment portfolios become unpredictable. The stability that gold, silver, palladium and platinum, in bullion coins and bullion bar form, provides strength to a portfolio that is impossible to achieve with any other trading instruments.