Pawn Shop That Sells Precious Metals
Unlike many common investments, gold and silver purchases are really quite simple and quick. Purchasing gold and silver investment bars takes just a few minutes to complete and requires no applications, contracts, additional fees, etc.
Most Common Precious Metals
1st United Pawn & Loan carries a wide variety of precious metals at our various retail locations. Buying gold, silver, or platinum investment bars is a great way to concentrate your wealth in a convenient and portable form.
Here are the most common precious metals that individuals invest in:
Gold is the most well-known precious metal because of its shiny appearance and its history of being tied to global economies. Many individuals that invest in gold do so by purchasing gold bullions. Gold is one of the easiest precious metals to liquidate, as its always sought after. The price of gold is determined by supply and demand but has steadily risen since its initial offering of $65/oz in 1974.
Silver is the second most well-known precious metal. Silver has more industrial uses than gold, so not only does it serve as a currency but offers industrious properties as well. Investors are known to seek both silver bullions and coins.
Platinum is considered the most precious of all metals because of how rare it is. Platinum also boasts excellent corrosion resistance which makes it perfect for industrial uses like lab equipment. The most common way to invest in this metal is through bullions or coins. The price of platinum is inversely related to the price of gold, so when the economy flourishes the value rises and falls during times of economic uncertainty.