With a 16% share of the world’s silver reserve, Australia has the second-largest reserve around the world. Gold and diamond Australian reserves are huge too.
For Australian investors, of various precious metals, there are four favorites:
Gold: despite having few practical uses today, it tops the list of precious metals for its strength. Betting on gold helps to protect from inflation
Silver: with several practical and essential uses, this metal has been gaining popularity in recent years. Silver is also critical in a number of fast-growing industries, including microcircuits, solar energy, and electric cars. As a result, it’s frequently viewed as a method to invest in the tech and green industries.
Platinum: commonly used in the automotive industry, platinum’s price is directly affected by cars sales. Maybe this is not the best investment considering that platinum is being replaced by palladium. So if one of them is in low supply, the other rises the rate.
Palladium: North America and China’s favorite choice, this last metal is similar to platinum as both are related to automotive sales and production.
As a result, if you’re thinking about investing in gold, silver, palladium, platinum, or any other precious metal, Metals-api.com offers a free API.
Metals-API.com delivers live precious metals market data with a 2 decimal point precision and a minutely refresh rate via an API.
Metals API Advantages
Hundreds of companies in the sector rely on this dependable API to get institutional-quality real-time precious metal pricing.
Real-time Gold and other metal values can be easily integrated into spreadsheets, websites, mobile apps, and other commercial applications.
Reduce the amount of time it takes for apps that are dependent on precious metal prices to reach the market.
You can avoid the issues and complexity associated with old feeds by using cloud APIs.
This API provides historical, real-time, and instant data: Real-time metal prices in a range of currencies.
Gold, silver, palladium, and platinum spot and anticipated prices over time are shown in graphs from the past and present.
Metals-API gathers market data prices from a variety of trade sources and international agencies, with varied forms and frequencies. Commercial sources, especially for major currencies and metals, are given a larger weighting because they more precisely reflect market exchange.
Also published on Medium.