Precious Metals Exchange Courses, price
In today's world, anyone with the desire and ability , can easily afford to have its own " gold reserves ". This method of investment and storing surplus funds as the purchase of precious metals is gaining popularity. But first, is to decide what is a precious metals and metals which have the right to be precious .
Thus , precious metals - are those metals which do not undergo oxidation and corrosion, which substantially distinguishes it from other metals . The main precious metals include silver, gold , platinum and iridium, palladium, ruthenium, rhodium, osmium. The right to be precious and they deserve for what their stocks are already very low and decreases with each passing year.
But on the main stock exchange and most of the investee are only four of them :
· Gold ;
· Silver ;
· Platinum ;
· Palladium.
And the demand for these metals is very different . Gold is more likely than other types , is used directly in the jewelry industry. PGE group, which includes myself , platinum and palladium , is more often used in the automotive industry. Silver was also indispensable in photo and film industry, but with the advent of the digital age has become less valuable. But all of these precious metals are currently represent a convincing alternative to any monetary savings. After all, being a real commodity, precious metals are not so much inflation as paper money. This explains the fact that precious metals are more often than not spend and invest .
Precious Metals Exchange
There are special exchange on which the trade is carried out directly by precious metals . This market segment is their trades through the open sale, unifies and streamlines the resource market , and is a definite indicator of the economy and market development. Exchanges, in addition to installing a certain value of precious metals , also have all the technical means and the conditions necessary for the implementation of a variety of transactions. Most often, the deal looks like a prisoner agreement and the subsequent supply of precious metals .
On the stock exchanges where the practice of working with precious metals , there is a stabilization of prices for them, which subsequently increases the appeal of precious metals as an investment. Currently, these exchanges operate in Russia . Legal and natural persons committing there are various deals with standard bullion , coins, and other semi-finished products made of precious metals .
Authoritative London Stock Exchange
At the moment, the most important and influential Exchange believes the London Stock Exchange . It commit the transaction and sell the largest and most important world companies that consume and produce precious metals . It was on that exchange rates are set precious metals . In addition, the exchange function executed by hedging which implies proof protection against various risks , in particular in low incidence .
This exchange controls its own committee , which announced the price for the day based on the results of auctions held in two sessions . In each of these sessions, auctions are held twice, thereby providing 4 trading range . The official price of the day is the price after 2 laps of the first session.
Exchange Participants may invest their own capital , as well as speculate on the difference in price. Meanwhile, some of the participants may carry out the necessary arbitrage . But it is not available for all . Such rights is exclusively for those who have the warehouse certificate for the disposal of goods.
Pricing and rate of precious metals
The price of precious metals at all stages of the world , for example, the price of gold is always measured per troy ounce in U.S. dollars. The British even had to give up their standard measure - troy pound. After fixing the prices on the London Stock Exchange is installed and the cost of the Savings Bank . Based on the value of the dollar . Since the exchange rate is constantly fluctuating at a mark equal to an ounce.
Thus, the price of precious metals on the global markets is determined by the stock exchange quotations , but it also depends on some factors.
· Production
At present, the structure of production of precious metals increased role of the developing countries , and the share of the leading , on the contrary , decreases. This is due to rabsily cheap , low taxes and the cost of energy. These are the factors that go into the cost of precious metals .
· State Reserves
It's no secret that most countries hold their reserves just in the form of precious metals. Therefore, the statement of a country to sell some of their stocks significantly affect the course of precious metals .
· Supply and demand
The growth of automotive industry and at the same time limited production of rhodium - an example of the high cost of maintaining stable . Also note the cycles of rise and fall in the price of precious metals : in February, the maximum price , and in the middle of summer - on the contrary, are falling. This is due to the Chinese New Year , as the main buyer of gold bullion and jewelry is just China .
Prices for 2013-2014 year
Thanks to some weakness of the euro and the dollar , coins made of precious metals continue to add to their price. A gold mines are among the most finite resources . All this does not give the price of precious metals drop significantly .
Experts claim that the wait for any fall in price in the near future is not worth it. Because precious metals are so loved by all investors fear. And if properly and regularly monitor all fluctuations in precious metals , and most importantly , listening to advice from well-known traders , you will be able to significantly augment their own capital.
