Would you like to access precious market prices? Clearly, this is a very important problem because world inflation is rising but precious metal prices are falling. Using this API, you will be able to anticipate this. It is the best precious metals API.
Investment in precious metals is a classic in a diversified portfolio. It acts as a refuge value in times of turbulence in the financial markets and provides investors with stability and liquidity. Unlike other currencies, metals like gold do not suffer from country inflation and are not regulated by any government. Investors usually buy metals such as gold mainly with the objectives of financial security, diversification, protection against inflation, safeguarding purchasing power, liquidity regardless of market circumstances, decorrelation, future investment, etc.
Gold has been and is money, and also the best option to preserve value over time, and it has been shown for the last 4,000 years. Silver would be the little sister of gold, but with broader industrial applications. The rest, platinum, palladium, rhodium, and ruthenium… are rarer metals and demanded by the industry, which gives them a more speculative character. But in general, these metals are very frequently used in jewelry. But since pure gold is too soft for jewelry, other (precious) metals are added to create an alloy. Yellow gold, for example, is an alloy of gold, copper, and silver.
The world is currently experiencing difficult economic times. The war between Russia and Ukraine, and the inflation in the world (especially in the United States and Europe), are causing chaos in the economy. And this has repercussions on precious metals, for example, gold already has its third consecutive weekly drop. The same goes for silver with -13.33% this year. While we can’t help it, we can anticipate it by watching prices frequently thanks to Metals-API!
Why Metals-API?
The Metals-API API (Application Programming Interfaces) intends to facilitate information transfer between two separate program components. It was developed to make it simple and quick for investors, traders, and anybody else interested in seeing the prices of precious metals like gold, silver, or platinum to do so. Being aware of current foreign costs is crucial for business people to get the best deal. You may get precious metal values in the official legal tender of your country by using Metals-API, which supports more than 170 different legal tenders from around the world. You should know that this system (using its maximum capabilities and services) will allow you to obtain precious metal prices with an accuracy of 2 decimal places and an update frequency of 60 seconds! That is, with only 60 seconds you can update the price.
What is the price?
Fortunately, you can utilize Metals-API without paying any money. However, it’s also true that paid plans are available, and these will provide you with better advantages like more “API calls” and 60-second updates. We advise you to visit the website and choose which is the best choice for you.
Is it secure?
256-bit SSL encryption of the highest quality is used to encrypt the connection to the Metals-API API. To put it another way, your personal information will be well-protected.
Also published on Medium.