Would you like to invest in the wonderful world of precious metals? Well, with this API, you can find the prices of metals such as gold or silver, so you can determine the best time to invest. It is the best precious metals API.
Due to their physicochemical properties and their scarcity, precious metals are the most sought-after and most valuable raw materials in the history of civilization. Silver and gold have always been an enduring store of value. Thanks to its properties, silver is a metal that has a wide range of applications, it is considered both an investment good and metal for industrial use. It is used, among others, in jewelry, numismatics, the electronics industry, photography, medicine and making tableware. In the case of gold, up to 90% of world production is used as investment gold or jewelry, while only 10% is used in industry.
But gold and silver are not the only precious metals on the market. Other examples are platinum, rhodium, palladium, among others. Although the jewelry is made of precious metals, it is not 100%. A jewel must last through time, that is why metals such as steel are used and then covered with gold or silver. This is done using the technique of electrolysis, also known as electroplating. This process consists of covering objects or jewelry with a thin layer of metal and in this way, you maintain quality, beauty and reduce its price.
However, the price of precious metals is very volatile and can vary depending on the economic context. Therefore, it is important to use the API called Metals-API, so you can analyze the market and determine the best time to invest in gold, silver, rhodium, etc.
The most popular and reliable metals pricing API in the world is called Metals-API. The most renowned commodity exchanges in the world, such The New York Mercantile Exchange (NYMEX) or the London Metal Exchange (LME), which will vouch for the information’s accuracy and veracity, collaborate with this platform. And don’t worry, the prices will be shown in a variety of currencies, including Australian dollars, Mexican pesos, Brazilian reals, Japanese yen, and Chinese yuan. Another feature of Metals-API is its speed; prices are given with a 2 decimal place precision and with the option of 1 minutely price update. Thanks to these features and the accuracy of the sources, you will be able to analyze the market and determine the best time to buy precious metals. Also, you can create charts for better analysis.
200,000 users have so far indicated their happiness with the service. Among its customers are businesses like Metex, Mansour, and Chainlink. Delivering exchange rates for precious metals, converting between different currencies, returning time-series data, fluctuation data, and the lowest and highest price of any day are just a few of the capabilities.
Remember that there is an online handbook for this system’s operation if you have any questions. However, there is a virtual chat available 24/7 from 9 a.m. to 6 p.m. (GMT+1) if there is anything you don’t understand. Urgent requests are usually handled within minutes.
Also published on Medium.