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Precious Metals by Bill Jiang is a book available to read on EtoBox.
What is Precious Metals about?
Precious metals are natural resources with the defining qualities of rarity and high economic value. The asset class of precious metals primarily includes gold, silver, platinum and palladium. Historically, gold and silver served as a standard of value and medium of exchange. Precious metals today are mainly considered investment and industrial commodities as well as for aesthetic purposes. Precious metals can be traded with financial derivatives or in physical form with relatively uniform prices across the globe. Besides physical demand, the investment sector is a primary driving force behind price movements of precious metals. A unique property of precious metals is that they have low or negative correlations with many other assets. This makes precious metals an attractive asset class for portfolio construction and risk management. Gold and silver are the best known precious metals as a result of their traditional use for decoration and value storage. The investment community often views them as a hedge against inflation and economic downturns. While gold is typically regarded as a safe-haven asset, silver is more widely available and has a much broader base of industrial applica
- Author
- Bill Jiang
- Publisher
- Springer International Publishing AG
- Published
- 2022
- Language
- EN
- ISBN
- 9783030827113
- Subjects
- Finance, Business, Economics
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