4 Reasons to Invest in Precious Metals in 2023

Are you wondering whether or not 2023 is the year to make a precious metals investment? This is why you should invest in precious metals this year.
invest in precious metals

The global market for precious metals was worth over $198.5 billion at the end of 2022. That figure is on the rise and experts expect it to reach $277.5 billion by 2028.

Because of this high value appreciation, it’s a good idea to invest in precious metals sooner rather than later. Read on for some main reasons why you should take advantage of these investment opportunities in 2023.

1. Tangible Assets Have Intrinsic Worth

Precious metals are a tangible asset, meaning that you can physically hold onto them. They’re not like inflation-subjected currencies that people give value to or securities that only hold hypothetical worth. Their tangible nature means that they’re a safe investment that you can make the most of.

The intrinsic value of precious metals means that you don’t need to worry about massive depreciation. Assuming that you keep your metals in good shape, their value will grow over time with demand. The market is less volatile than other investments.

2. It Mitigates Risk Well

Precious metals make for a great way to diversify your portfolio.

If you invest in stocks and bonds, there’s always the possibility that the company will do poorly and you’ll lose money. The same goes for other tangible assets like real estate. They’re more subject to harm from natural disasters or man-made crises.

Gold and silver aren’t very risky. They’re hard to damage if you’re careful and store them in a good place. You can also use them as collateral on loans to get real money immediately.

This means that they can mitigate the risk of other, less-consistent investments. You won’t need to worry about losing all your money. They’re a safety net.

3. Precious Metals Are in High Demand

Precious metals are currently in demand in many different industries. They’re used to manufacture:

  • Jewelry
  • Coins
  • Medical equipment
  • Industrial machines
  • Consumer electronics
  • Household goods

This is only the tip of the iceberg, but you get the picture: you’ll have lots of potential buyers when you want to trade in your investment in the future.

Plus, investor demand for precious metals is also on the rise. Silver alone is likely to hit a 9-year high of $30/ounce in 2023. Gold is also increasing in value, so you’ll be purchasing something that’s in high demand.

4. There Are Multiple Options

There are many different options available for those looking to invest in precious metals. Gold, silver, platinum, and palladium are some of the top choices, and each one has a different value than the others.

If you’re looking for a long-term, high-appreciating investment and don’t mind a high initial price, gold is going for around $1972. If you’re looking for a booming investment with low upfront costs, silver only costs about $24. Platinum provides a happy medium at $993.

You can choose your metal type based on how much of a risk you’re willing to take and how much you have available to invest right now.

Invest in Precious Metals Today

Now that you know some reasons to invest in precious metals like gold and silver, it’s time to get started. Our experts buy, sell, and trade in multiple precious metal types and offer a wide range of investment opportunities for buyers. Contact us to learn more about our services and how we can assist you.