Metals and minerals can be an excellent investment for both veteran and beginner investors alike, and learning the differences between them all can be astronomically beneficial.
Moreover, now that the question “will palladium hit $5,000 an ounce?” has been making rounds across the entire internet, there are now more people than ever looking to get into the trade.
There is a wide range of minerals out there with a plethora of different price points, and as you would expect, the most expensive of the bunch often have the potential to bring back the highest returns. Let’s dive straight into it and talk about the three most expensive minerals for investors.
Rhodium is probably not an entry you expected to see on this list. Unlike its shiner, more luxurious cousins, rhodium usually doesn’t get the limelight when it comes to precious minerals and metals, and this is one of the reasons why it is so underrated.
However, this metal has extraordinary potential if you are willing to give it a chance, and the question of “should I invest in rhodium?” is one that has been uttered all around the professional investing scene for decades now.
There are a plethora of reasons why Rhodium is so expensive, but as you would expect, the primary reason is simply due to supply and demand. Rhodium has a myriad of applications in a variety of different industries all across the world.
Moreover, when you factor in that rhodium is incredibly rare to come by and is becoming harder to get every passing day, it begins to become seemingly obvious as to why it finds itself being one of the most expensive minerals in the world.
The key difference that sets rhodium apart from other precious minerals of its calibre is its widespread utility. Whilst other precious metals may have uses outside of their inherent value (eg, being nice to look at), most of them do not share in this notion nearly as much as rhodium.
Rhodium is easily one of the most expensive minerals, and if current trends continue to follow the same route they are now, it would not be a surprise to see its prices soar even higher in the future.
Gold can perhaps be considered as the quintessential investing asset, and after you have learned a thing or two about this phenomenal metal, we are sure you will come to understand why this is the case.
Gold has been valuable for as long as it has been around. There is no explanation needed to explain why this is the case – its shiny exterior and enticing looks speak for themselves.
This gives gold a ton of advantages over other types of assets that are a lot more susceptible to constant price changes and fluctuations, and gold is mostly considered as one of the safest investments one could make.
In addition to its appetising demeanour, gold also has quite a few uses within a bunch of different sectors that only further increase its value. It goes without saying that gold is also relatively rare to come across too, and its dwindling supply is yet another reason why it continues to rise in price every single year.
All of gold’s attributes make it a perfect way to defend oneself against inflation/deflation, and there is a reason why almost every professional investor across the world has a sizeable portion of their portfolio delegated to this notorious metal.
To many of you out there, the metal palladium may be all but unknown to you. The people that know about this metal are very few in number, and out of those that do, even a smaller percentage happens to know that it is one of the most expensive minerals out there.
This is due to a variety of reasons. For one, it isn’t as widely used as other metals (barring in one industry), and it isn’t a normal sight to see a fancy piece of jewellery constructed out of this precious material.