Gold as safe haven
As an investment vehicle, up to now, gold is considered a safe haven asset, which is why the price of gold usually shoots up during times of uncertainty. Many people still consider physical gold as a valuable asset in their portfolio.
Precious metals in your mobile phone
Aside from its attraction as a precious metal, gold is also being used in various industries because of its metal characteristics. In fact, the World Gold Council also reported that the volumes of gold used in technology continued to increase quarter-on-quarter. This is mainly driven by the demand for memory chips due to increasing production of smart phones and other mobile devices.
Similarly, demand for silver is on the rise due to global production of high-tech gadgets.
Of course, another way to get both gold and silver in your phone is via the Synergy FX mobile MT4 platform. By doing this you can view the price and chart of Gold, Silver, Oil, Forex, Indices and more.
How to trade precious metals?
Whether you are inclined to accumulate gold and other precious metals in their physical form or not, there are many different ways to trade them to capture the constant price movements.
Given the demand from jewellery buyers, bullion investors and electronics manufacturers, it is safe to say that demand for precious metals will be ongoing for the years to come.
Today, one of the easiest ways to trade precious metals is through a trading platform provider like SynergyFX. Using our MT4 trading platform, you can buy and sell gold and silver along with commodities – WTI Oil and forex pairs.
Benefits of trading precious metals
If you’re looking to diversify your portfolio or to expand the range of markets you trade, precious metals can provide diversity and access to a liquid market.