Are you very concerned about what is happening in the world economy? Obviously, many investments are falling, for example, gold. To prevent such a situation, the best alternative is the futures market. And with this API, you will be able to do it. It’s the best precious metals API.
Since the beginning of time, gold has been seen as a symbol of power. The civilizations that had access to gold always had the best infrastructure and the most precious goods. Many of them even associated the presence of this metal as a divine gift and were considered sacred. This is something that can be seen, especially, in Ancient Egypt. Thanks to the exploitation of this metal, the Egyptians came to dominate a large number of territories. In fact, they were the first to create a monetary system with gold and silver pieces.
The Bretton Woods Agreements in 1944 brought out the concept of the gold standard. A formula by which gold was accepted as legal tender. In this way, European countries, devastated by the consequences of World War II, will be able to exchange their gold for dollars to recover the economy. This system was discontinued in 1971 after being annulled by US President Richard Nixon. This is why, at present, the value of gold remains only in terms of investment.
At the beginning of this year, everyone was talking about gold. In March 2022, gold reached its all-time high at $2,078 an ounce. However, this suddenly changed with the financial crisis in the world economy. Currently, gold is at $1,700 per ounce, down 22%! For these reasons, many decide to rely on the futures market to try to avoid losses. Futures trading is a long shot, but if it works out, the results will be impressive. And to obtain these prices, what better than to use the Metals-API system.
Why Metals-API?
As its ending suggests, Metals-API is an API (Application Programming Interfaces). Its purpose is to enable information transfer between two separate software components. Thousands of traders, investors, and anybody else with an interest can now view the futures prices of precious metals like gold, silver, or platinum thanks to this technology. Businessmen need to be aware of future prices because precious metal prices have fluctuated significantly in recent years. You will save a ton of money by doing this. Delivering exchange rates for precious metals, returning time-series data, fluctuation data, and lowest and highest prices of any day are just a few of the capabilities available.
What is the price?
Fortunately, you can utilize Metals-API without paying any money. However, it’s also true that paid plans exist, and these will get you access to more “API calls” and frequent pricing changes, among other advantages. We advise you to visit the website and choose which is the best choice for you.
Is it secure?
256-bit SSL encryption of the highest quality is used to encrypt the connection to the Metals-API service. To put it another way, your personal information will be well-protected.
Doubts? Questions? The Customer Support team will contact you soon after you send a message using the contact form or the virtual chat.
Also published on Medium.