BlueWeave Predicts Steady Growth in the Demand for Precious Metals
“Global Precious Metal Market to Grow at a CAGR of 8.1%, during Forecast Period,” a report that BlueWeave Consulting published on September 6, 2022, makes some very encouraging observations about the strength of the market for precious metals.
Here's what the report has to say about the coming growth in the Compound Aggregate Growth Rate (CAGR) for precious metals:
The global precious metal market was worth $240.5 billion in 2021.
The market is projected to grow at a CAGR of 8.1%, earning revenues of around $415.3 billion by the end of 2028.
The Global precious metal market is booming because of the increasing demand from end-use industries.
Demand for gold, platinum, and silver is also increasing because of changing lifestyles and rising disposable incomes among consumers.
What This Means for Precious Metal Investors
Those predictions of strong growth lead us at Precious Metals Smelters and Refiners to offer this advice:
Keep acquiring gold scrap, silver scrap, and platinum scrap. Its value is only going to increase.
Remember that your ability to sell precious metals – their liquidity - will remain strong because demand will remain strong. So in our opinion, it is smart to go on acquiring gold, silver and platinum investments and scrap. You are certainly not going to end up having assets that it will be difficult to sell at top-of-market prices.
Consider using a modified “buy and hold” strategy. Of course, you could buy precious metal scrap and have it quickly processed by a qualified precious metal refinery like Specialty. But you could also hold back some scrap (or have Specialty hold it for you) and process it later. You are working with an asset that is appreciating in value, so mixed approaches can result in greater profits.
The Precious Metal Investments We Are Hot About Today
Electronics of all kinds – computers, laptops, remotes, and all kinds of domestic electronics.
Aerospace and airplane scrap – especially electronic components.
Thermocouples – including those from air conditioning and heating systems.
Industrial scrap – especially sputtering targets and other scrap from plating operations.
Welding and brazing supplies – they are an excellent source of silver, which is currently undervalued in the marketplace.
Platinum laboratory equipment – it is worth a lot of money and can often be bought at below-market prices.
Platinum engagement rings and other pieces of small jewelry – these offer a great opportunity to acquire this extremely valuable metal, again at low prices.
And When You Need Advice or Want to Sell Your Scrap
Give our precious metal refiners a call at 800-426-2344. We are here to answer your questions and – when you are ready – test and process your precious metals.