Do you want to try an API to get involved in the US futures market finding out metal prices? We recommend Metals-API,
These days, gold, silver, and platinum are the precious metals that are most carefully guarded.
Without a doubt, gold is the most well-known and valued precious metal. As many different types of gold are used in production as there are industrial requirements.
Is buying gold an investment?
Nowadays, buying gold in physical form is frequently viewed as an investment. But due to its unique characteristics, gold continues to be a unique sort of investment. Understanding the differences between gold and other investments like stocks, conventional savings products, or cryptocurrencies can be helpful before making an investment. Because gold does not pay dividends, unlike stocks, it can be considered an asset for a well-diversified portfolio.
Silver: an underestimated precious metal?
Silver is likely the most well-known and often used precious metal in the world after gold. Physical silver is one of the simplest precious metals to sell due to its highly liquid commodity market. Its numerous industrial applications, particularly in the production of mirrors, as well as its uses in electronics, engineering, hygiene, medical devices, or energy make it a commodity that many investors may find to be valuable in the future.
Is silver a good investment?
When buying precious metals, many investors believe that silver is a smart place to start. Physical silver gives significant flexibility for purchase and resale because to its extremely low pricing.
Indeed, silver is a truly reasonable metal for all investors due to its significantly lower price compared to gold, platinum, or palladium. Silver offers investors the chance to purchase a wider range of goods than gold with the same budget. This is what gives investment silver its unrivaled flexibility: just as it is much simpler and more flexible to exchange a $10 bill than a $100 bill, it is always simpler and more flexible to sell a number of small silver ingots than to try to divide a single large gold ingot.
Platinum: a new and sought-after metal
Platinum is a lot more recent investment potential when it comes to precious metals than gold or silver. Its diverse industrial applications make it a highly sought-after metal on the raw materials market. It is extensively utilized in the automotive, chemical, and textile industries as well as in the aerospace and medical sectors. It is more heavily influenced by supply and demand than, say, gold or silver because it is produced in only a small number of nations worldwide.
Why do we recommend Metals-API?
The Metals-API may deliver real-time precious metals data through API at a frequency as high as every 60 seconds, with an accuracy of two decimal places.
Providing exchange rates for precious metals, currency conversions, time-series data, volatility statistics, and the lowest and highest prices of any particular day are a few of the features.
How Does It Work?
It is simple to use. Now all you have to do is adhere to the guidelines listed below:
- Create a profile.
- Produce an API Key
- Choose the desired metal and currency.
- Make an API Request, then wait for the system to respond with an API.
Is The Website Secure?
Banks and financial information providers, such as the European Central Bank, are where Metals-API gets its currency data from. Bank-grade 256-bit SSL encryption is used to encrypt your connection to the API.
Also published on Medium.