Are you looking for a way to get rates on precious metals? There are several ways to obtain them, but none has the efficiency and quality of this prestigious API. Its popularity is such that many Internet users consider it the best precious metals API.
Many are the people who choose to buy gold and silver for their financial security. These metals, considered havens by many experts, are more stable than other assets on the stock market. Many agree that it is safer to invest in precious metals than in stocks on the stock market like Wall Street. However, this does not imply that metals such as gold cannot lose value, quite the opposite. This year showed us how gold can reach its historical highs and then fall by 20% in just a few months. But they are still a better long-term option than other forms of investment.
Precious metals are not subject to the volatility of the financial markets, since betting on a tangible product, its value is more stable than the stock option through shares or bonds. Both gold and silver have their particularities when investing since the use of each of them are different, as well as their demand. Gold is the precious metal par excellence, it is mainly used in jewelry (48%), it is a malleable metal with low alterability. Silver, in addition to being used in jewelry, also works for industrial purposes. Both metals are considered safe-haven values and are decoupled from movements in the financial markets and are a low-risk investment compared to other assets.
However, you don’t have to relax. Precious metal prices are also constantly changing. To give an example, the price of gold this year is -2.10%. Therefore, we recommend you to use services such as Metals-API, services that will give you the prices of precious metals frequently.
Why should implement Metals-API?
Numerous traders, investors, and business owners may view the prices of metals like gold, silver, rhodium, platinum, and palladium, among others, thanks to Metals-API. Due to the huge volatility of the global market, it is crucial to have current pricing every minute because those minutes could help you save thousands of dollars. Fortunately, Metals-API can supply real-time precious metals data via API at a frequency of up to every 60 seconds and with a precision of 2 decimal places. Its approach is so quick that it has emerged as the most popular metals API worldwide.
“How much should I pay to use Metals-API?”
Good question! Fortunately, you can utilize Metals-API without paying any money. However, it’s also true that paid plans exist, and these will get you access to more “API calls” and frequent pricing changes, among other advantages. For now, there are only 8 plans to purchase through dollar payments. For example, the “Bronze” option gives you 5,000 API calls/month for about $400 per year. It is important to note that the prices that appear on the screen are annual, not monthly. The best plan of all is “palladium”, which includes 5,000,000 API calls/month for $4,800 per year. Just check the prices and the differences between the plans. Visit the website of Metals-API and in the pricing section, you will find everything you need.
Also published on Medium.