Gold Silver Reports ~ Crude oil prices today moved down at International benchmarks as US crude stockpiles are seen further rising.
Precious Metals
A metal is deemed to be precious metals if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a “precious metal” can also be determined by high demand or market value. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. precious metals list, precious metals investing, semi-precious metals, precious metals prices, non precious metals, is copper a precious metal, where to find precious metals, precious metals Tips, precious metals Repot.
Precious Metals Precious Metals are rare, naturally occurring metallic elements with high economic value. They are unusual in that they are both industrial elements and investments. Manufacturers use these metals to make electronic components, jewelry, dental equipment and catalytic converters among other things. Investors, on the other hand, collect coins and bars made out of precious metals. This second use – as investments – makes precious metals the objects of intense speculation in commodity markets. Precious metals traders see these commodities as a form of money that holds its value better than printed paper money. Skeptics, however, argue that precious metals are simply rocks with little utility beyond their limited industrial uses. Ironically, the high premium placed on precious metals by traders makes them too expensive and impractical for most industrial applications. The precious metals with active commodities markets include the following: Gold, Silver, Platinum, Palladium.
Jewelers Shops Close in Mumbai’s Zaveri Bazaar, Excise Tax Protest
Gold Silver Reports – Jewelry shops across India, the world’s biggest market after China, will shutter for three days starting Wednesday in a bid to reverse plans by Prime Minister Narendra Modi to impose a 1 percent excise duty, according to the All India Gems & Jewellery Trade Federation.
Silver MCX Day Range 36570 to 37890; Silver Market Under Long Liquidation
Gold Silver Reports – Silver settled down -0.06% at 37207 down as prices struggled for direction swinging between small gains and losses as investors continued to monitor movements in oil and global equity markets.
World’s First Global Institutional e-Exchange For Physical Precious Metals
Gold Silver Reports ~ Allocated Bullion Exchange [ABX] has launched the world’s first global institutional e-Exchange for allocated physical precious~metals, which will provide market participants integrated, transparent, and secure access to local markets and global liquidity—pools.
Gold Silver and Metals Prospects Bright in 2016
Gold Silver Reports ~ Gold Silver and Metals may perform on a positive note with promises of price rise in 2016, according to the London Bullion Market Association(LBMA) survey.