Would you like to invest in precious metals but do not know where to find out the prices? Well, in the next post, you will discover the answer. It is an incredible tool designed for this type of need. It is even considered the best precious metals API.
Precious metals are those metals (chemical elements of the periodic table located within the transition metals) that usually occur in nature in a free state, that is, they are not found combined with other chemical elements. That does not prevent them from being in the form of oxides (combined with oxygen) or attached to other elements. Due to its properties of easy handling, and scarcity, its price is usually high, and for centuries, it has been used as a symbol of social status, power, or wealth. Throughout history, these metals began to be used as coins, giving way to the origin of money as we know it today.
In jewelry, for example, the precious metals are usually gold, (Au), silver, (Ag), palladium, (Pd), platinum, (Pt), and rhodium, (Rh). One of the fundamental characteristics of a jewel is its durability and that is why the noblest materials are known are used. Sometimes, noble metals do not have all the mechanical qualities that would be desirable for use in goldsmithing, jewelry, or costume jewelry, so alloys are used. In other cases, metals are bought as an investment mechanism and to obtain profitability, gold, for example, rose by 3,176.29% in the last 50 years.
To obtain precious metal prices, many commodity exchanges offer daily metal prices. If you want to know a tool that simplifies this task, we have a great recommendation. It is called Metals-API and it is the leading system in its field. Next, we will describe more features of this service.
Why Metals-API?
Metals-API, as its ending indicates, is an API (Application Programming Interfaces). Its function is to allow the exchange of information between two independent software components. Thanks to this system, thousands of investors, traders, and any other interested person can see the prices of precious metals such as gold, silver, or platinum. In recent years, the prices of precious metals have changed a lot, so businessmen need to be up to date with international prices and thus buy them at the best price. In this way, you will save a lot of money.
Capabilities include delivering exchange rates for Precious Metals, converting single currencies, returning Time-Series data, fluctuation data and lowest and highest price of any day.
How much does it cost?
Fortunately, Metals-API is free and you can use it without paying anything. But it is also true that there are paid plans, which will offer you greater benefits, such as more “API calls” and more frequent price updates. We recommend you enter the website and analyze which is the best option for you.
It is safe?
The connection to the Metals-API service is encrypted using bank-grade 256-bit SSL encryption. In other words, your personal data will be very well protected.
Doubts? Questions? Send a message via the contact form and the Customer Support team will be with you shortly.
Also published on Medium.