Chapter 4
Pedal to the Metal: Investing in Metals
In This Chapter
Investing in precious metals: Gold, silver, and platinum
Mapping out a strategy to invest in steel, aluminum, and copper
Looking at other metals: Palladium, zinc, and nickel
Examining mining companies as an investment option
Investors able to master the fundamentals of the metals markets have been handsomely rewarded. Gold, silver, and platinum have industrial applications, but their primary value comes from their ability to act as stores of value, in addition to their use in jewelry. Steel, aluminum, and copper, although not as glamorous as their precious metal counterparts, are perhaps even more precious to the global economy. Other important metals, like palladium, zinc, and nickel, are also essential building blocks of the global economy. In this chapter, I cover all these metals that can play an important role in your portfolio.
Metals are classified into two broad categories: precious metals and base metals. ...
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