the last decade, the precious metals trade has gained momentum. Although it is
mostly gold that is subject to copious trade, silver is also rising in the
ranks as a precious metal to be both sold and sought after. The market
turbulence commenced in 2008, when the exchange of all precious metals as a
form of commodity began increasing due to the investors' perception of them as
an investment that can remain steadfast against a bad economy. These ideas
remain even as the marketplace becomes tumultuous.
Conversely, there is a more pragmatic basis for the substantial increase in the trade of metals outside of monetary gain. The technology and material science industries find uses for gold in micro-processing chips utilized in computers. The properties of gold make the processors it is used in much more efficient. The relatively new use for this metal caused a spike in the price of gold over the next 5 years from $300 to $2000 for a single ounce!
Technologies have also become integrated into the trading markets themselves, Gold trading in particular. Currently, anyone can use online platforms to engage in the trade of precious metals. However, access to the gold market freely available online 15 years ago. In that time, gold could only be traded in the commodity exchange in Chicago, Illinois. This made gold exchange expensive, not to mention impossible to access for online traders. As a result, Forex, an exchange platform providing host to numerous brokers, created an additional online exchange platform called "TRADEGBP" in response to the situation. It integrates the exchange of gold, oil, and silver into online trading, allowing for profit from futures expiration.
The user can program specific requests into the simple gold –trading platform. The system monitors for a certain price threshold in the market, and can notify the trader, so that they can initiate trade orders to buy and sell by themselves. This new gold trading method opens up many avenues in terms of investments in precious metals including gold.