What are the precious metals? Precious metals mainly refer to gold, silver, platinum and palladium. These metals are considered "precious" because they are widely used in industry and jewelry manufacturing.
Overview of precious metal market: The precious metal trading market is a global market, which consists of many different exchanges, including London Metal Exchange (LME), Chicago Mercantile Exchange (COMEX) and New York Mercantile Exchange.
Investment mode: Investors can buy physical metals, or precious metals investment through financial products such as futures and ETFs.
Risk and reward: Like all investments, precious metals investment has risks. The price of precious metals is influenced by global economic situation, political turmoil, supply and demand and other factors. However, precious metals are also sought after by investors because of their inflation hedging and hedging properties. Investors need to choose their own investment methods according to their risk tolerance and investment objectives.
Market analysis: investors should pay close attention to the dynamics and news of precious metals market, conduct market analysis through fundamental and technical analysis, and make more informed investment decisions.
Tax issues: Different countries and regions may have different regulations on precious metals investment. Investors are requested to understand the relevant laws and regulations and abide by them.
In short, as a beginner in precious metals investment, you need to know the basic knowledge of precious metals market, investment methods, risk returns and market analysis, and carefully consider your risk tolerance and investment objectives before investing.