We were recently asked to explain how we calculate our prices for buying precious metals from our customers, so we thought we'd explain in a transparent way, how it is that we work this cost out using bid/ask prices. Learn more in this article.
In this article, we'll be looking at the term ‘spot price’; what this is, why investors use these to secure purchases of commodities and contracts, and how this relates specifically to precious metals.
Potential buyers must note that palladium remains a specialist metal. It correlates strongly to industrial demand, but those familiar with the highs and lows of gold as an insurance hedge would need a different mindset when it comes to trading palladium, a precious metal that's not in public eye as much as the yellow metal. Here’s a little more information to whet your appetite regarding Palladium.
A new invention by Toyota could bring turmoil for the precious metal markets. The world’s largest automaker announced “a new, smaller catalyst that uses 20% less precious metal in approximately 20% less volume,” as the company said in an emailed statement. Source: Forbes
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