Are you looking for a service to be informed of gold prices? If your answer is yes, we have good news for you!
Gold is historically one of the best valued metals in the world and in addition to its many industrial applications, it has been used for decades as an economic standard in world economies. Even today, it is widely used as an investment and as a financial refuge around the world, in the event of an economic crisis.
Its usefulness lies in a variety of special properties. Gold conducts electricity does not tarnish and is easier to work with. In fact, it can be drawn into wire, hammered into thin sheets, and cast into highly detailed shapes. In addition, it has a wonderful color and a brilliant shine, which makes it very suitable for jewelry making (more than 50% of the gold used today is destined for the jewelry industry).
Throughout history, the price of gold has increased significantly. To give you an idea, in the last 50 years its price has risen by more than 4000% and except in very rare cases, every year usually ends with a favorable average. For a Japanese investor or businessman, this is very important, since depending on how the market behaves, it will determine whether or not it is the best time to buy.
Fortunately for them, there is a tool designed for this type of situation. It’s like having an alarm that will constantly give you the current gold prices. Its name is Metals-API.
What is Metals-API?
Metals-API is visited by thousands of developers, small enterprises, and huge corporations every day. In fact, it has +200.000 satisfied customers and 25+ Million requests per day. They may use this tool to get current worldwide market prices for any metal (like gold, silver, platinum, zinc, rhodium, etc) fast and conveniently. To give you an idea, 500 companies around the world use this API, including Barrick Gold, Chainlink, Glencore, Mansour, Metex, among others.
Where does it get the information from?
Currently, Metals-API works with 16 reliable data sources. One of them is the prestigious London Metal Exchange (LME).
Can I see the prices in my local currency?
Absolutely. You can see gold prices in more than 170 currencies from around the world, including the Japanese yen.
Also published on Medium.