Recent gold purchases by the country of India have helped fuel the ongoing increase in the price of gold.
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Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more.
As discussed in a previous post on platinum prices, the primary industrial use of Platinum Grou
n December of 2008, gold prices outpaced platinum for the first time since the 1990’s. The primary use of platinum is as a catalyst for the auto industry, so prices were depressed by a lack of demand for new vehicles. At that time gold’s journey to new highs was driven by investors concerned with the increased debt load and deficits of the US and other Western economies.
Record awareness and interest has propelled a first in the precious metal refining business: I