Investment requires an eye for detail and the ability to understand the fluctuations of the market. New, emerging technology has made monitoring and projecting future market trends much easier for would-be investors. Several different apps offer insight and track industry growth to allow investors (professional or hobbyists) to best manage their investments. In no market is this more vital than for those who invest in precious metals. According to Investment magazine, Silver Monthly, knowing how to determine true value from “junk silver” (that which is not worth the investment) is important to be successful. Here are some of the best apps currently on the market for precious metal investors:
XE Currency Converter
This app makes it easy to do quick calculations between the currencies of different countries and unusual formats for coin, cash, and other currency types. Being able to quickly determine the value in a worldwide market will make global investment not only more manageable, but allow an investor to expand on their international portfolio. Not only does it offer live, real-time information on currency value, it according to AppCrawler, it provides stored updates that allows it to work without an internet connection.
Gold and Silver Price Calculator
Created by company In Gold We Trust, this app is an extremely powerful tool for any precious metal investor. One of the top apps currently in existence for on-demand gold and silver prices, no investor should leave home without it. According to the app’s creators, it was originally designed by precious metal enthusiasts for the express purpose of providing real-time information and comparison features for any level of investor, professional or collector. The interface is simple and fast, without bulky ads.
Another great comparison app, this tool is powerful while maintaining a no-fuss interface. Without all the bells and whistles of some of the other investment apps, Pennyweight is another real-time ticker of precious metal prices and trends. According to AppCrawler, Pennyweight is more focused on jewelry, and may come in handy for pawn brokers or people looking to sell their scrap gold to a buyer.
Meant specifically for gold investors, this handy app contains a scale which fluctuates with real-time market information. It also stores past values and future projects to allow the savvy investor to appropriate their bullion sales. Developed by 46 media, GoldCalc Pro created to target pawn shop owners and be of the highest value to hobby precious metal collectors. The app also converts up to 8 different currency values. The current price of the app is 99 cents, and worth the upgrade, as it provides more information than many of the free apps out there, which rely on ad space.
The apps above are a great place to start for any individual looking to expand their investment portfolio to include precious metals. In uncertain economic times, having real-time, up-to-date information about market value and an on demand currency converter can be a major advantage. No longer are investors restrained to their desks and personal computers with complicated and slow streaming software. These top apps for precious metal investors make having the most current data convenient and accessible from any smart phone at any destination.