Do you wish to work in a field where your education doesn’t determine your income potential? Have you ever considered taking a rewarding but less mainstream job position?
Well, the precious metals industry is one such sector.
The precious metals career is appropriate for you if you appreciate the variety of responsibilities at work and don’t just want to perform the same tasks repeatedly. A career as a goldsmith, general metals worker, or jewelry designer can be the best fit if you are creative and enjoy attending to small details.
The precious metals market also includes other wide variety of jobs that can be suitable for you, but it only depends on your interests and abilities.
Read on to know about the precious metals career, including its job outlook, earning potential, prior knowledge and experience required to enter this market, and the pros and cons of investing in precious metals.
You will undoubtedly know the correct response to the question “Is precious metals a good career path” by the article’s conclusion.
Precious Metals: What Are They?
Rare alloys that hold extreme value are called precious metals. They mainly comprise metals like:
- and palladium.
There are also other precious metals, but above mentioned precious metals have extremely high values due to their historical significance, industrial use, and rarity.
As they are less volatile in price and value than other investment options like crypto-currencies and bonds, precious metals are also highly sought after for their usage as an investment.
Pro Tip: You might be surprised to learn that the precious metals sector is divided into several metals. Remember that the rates tend to fluctuate more frequently. So, based on the stock market perspective, the best investments are gold and silver.
How Many Jobs are Available in Precious Metals?
Throughout the United States, thousands of jobs are available in the precious metals market. More than 24,350 Americans work directly as precious metals and stones workers or jewelers. Numerous other job roles are also available in precious metals, mainly related to jewelry production and sale.
So, the answer to the question, “how many jobs are available in precious metals?” is that there are plenty of jobs in this sector in various departments like sales, customer service, administration, and other fields. However, manufacturing and mining account for a large portion of these jobs.
With a little investigation, you can identify the ideal job in this market that matches your expertise and skill set.
The following are the most sought-after positions in the precious metals sector:
He is in charge of determining the gemstone’s worth and its fluctuating ratio during uncertain times.
He is a metalworker who specializes in creating sacred or ceremonial objects out of precious metals.
· Precious Metals Broker/Adviser
As the name suggests, a broker or an advisor for precious metals makes money on the commodities market. Additionally, this person is skilled at developing relationships with clients. He monitors commodity rules while trading for the investors.
· Precious Metals Worker
He oversees the design and carries out tests as part of their duties. The same occupational group as a goldsmith includes precious metal workers.
· Quality Control Specialist
A quality control specialist is in charge of overseeing the precious metals’ quality measures. Mainly, he is the person who is responsible for resolving issues with metal workers as well as analysts.
· Coins Expert
The most securely and legally purchasing gold coins is done by coin professionals. So, one should not visit a pawn store; instead, go to a coin expert to make out your gold coins at the most excellent available price.
Best Paying Jobs in Precious Metals
A precious metal market offers a variety of jobs, among which many jobs are highly payable. Here are the top 5 best paying jobs in precious metals:
1. Precious Metal Workers
A precious metal worker makes, on average, $19.89 per hour. He operates with many sorts of precious metals and products produced by those metals. Workers that work with precious metals can be found in various fields, such as mining, jewelry making, furniture production, antique restoration, etc.
A goldsmith is a craftsperson who works with gold and other valuable metals. They mainly shape the precious metals, solder shattered metal parts back together, repair valuable stones, alter ring sizes, and repair, clean, and polish jewelry. Their yearly compensation ranges from $37,313 to $56,281, on average. However, the annual average wage for a goldsmith in the US is about $45,559 today.
3. Precious Metal Brokers
An average broker makes $110,000 a year. They are mainly used dealers that purchase new and used precious metals, intending to resell them. Based on the metal’s retail price or market value, they estimate its value and exchange it for cash.
4. Metal Production Experts
They are in charge of processing the ore to make steel, selecting the best technique, and figuring out the chemical make-up of the alloys. A metal manufacturing specialist makes, on average, $68,106 a year.
5. Quality Assurance Specialists
In the precious metals market, a specialist in quality assurance makes an average pay of $116,187. Testing precious metals to ensure they are made per industry standards is part of their job. They are crucial to the manufacturing process.
How Can You Get a Work in Precious Metals?
You want to establish a successful career in the precious metals sector. Great! Do you know what makes this sector unique? It’s the actuality that you don’t need a college degree, I suppose. If you enjoy persuading others, you should consider working in the precious metals market.
In the precious metals industry, you can begin working for experienced metal artisans, for instance, making jewelry, restoring antiques, and building furniture. Pay attention to study the numerous tasks carried out if you work under any of them, and gain the experience that counts in this sector. The precious metals sector welcomes everyone, regardless of educational background. You are just required to have relevant abilities, and a little knowledge like you have a good focus and should be able to pay attention for long hours.
Is Precious Metals A Good Career Path?
So, again, is precious metals a good career path (is capital goods a good career path)? Well, Yes is the quick response! The precious metals sector offers its employees various advantages and incentives. Even though the majority of your peers may be contemplating careers in well-known and mainstream fields, if precious metals interest you much, the following are some significant advantages you can benefit from by working in precious metals:
· A Variety of Jobs are Available in Precious Metals Market
There are numerous work prospects in the sector. Precious metals, like many other industries, including the capital goods industry and the durable or non-durable industries, provide a variety of professions to those interested in pursuing a career there.
It is simple for everyone to select a career that best suits their demands due to the industry’s broad scope and the abundance of opportunities it offers. Choose a job that allows you to speak with clients regularly if you enjoy getting to know new people and engaging with them.
A position in the production department will be ideal for you if you prefer to work behind the scenes. So, there are various jobs you can go for based on your interest and skills.
· The Opportunity of Meeting Lots of Different People
You can efficiently work and interact with various people in the precious metals sector. You will get the chance to meet and converse with a wide variety of people, mainly when your job is in a department that deals directly with clients. You’ll likely meet prominent and valuable members of society daily because precious metals attract people to luxury and value.
· Career Development Possibilities
The precious metals sector itself is dynamic; it constantly changes and grows. As a result, its workers get good prospects for professional advancement in this field. Even if you start in the area as a clerk, you can quickly advance to become an analyst, expert, or even a manager.
· Excellent Job Satisfaction
The value of precious metals is high. Many people even use them to make future savings. It is a fantastic investment item that, when mentioned, keeps everyone on their toes. Working in this sector will therefore need engaging with something that many individuals genuinely appreciate. As a result, when your work is finished, you feel highly fulfilled.
· Job-Specific Knowledge
The sector is quite specialized. Therefore, finding employment in the precious metal sector won’t be challenging if you possess the necessary credentials and skills. Additionally, you will become a more valuable team member as you grow more knowledgeable in your field.
Pros & Cons of Investing in Precious Metals
Investing in precious metals may seem attractive, or you might consider supporting them for future savings. Well! First, know the associated pros and cons of investing in precious metals, and then make a wise decision.
Pros of Investing in Precious Metals
Precious metals are among the very sought-after investment. Following are the pros of investing in them:
· Hedge against Inflation
Are you setting money down for a long-term goal or retirement? If so, investing in valuable metals, which have excellent retention of value, might be the best course of action.
As precious metals retain their value over time, unlike other types of investments, precious metals make excellent investments. It is especially advantageous because both the cost of living and the price of precious metals have been steadily growing. Therefore, even in economic difficulties, like the onset of unrest and others, these precious metals are a great store of wealth.
Precious metals’ stability may be attributed to their being considered commodities because they are tangible assets. Precious metals are good stores of value and an excellent inflationary hedge because of the gold’s relative stability throughout several millennia.
· Diversifying the Portfolio
‘Never put all of your eggs in one basket’ is a popular investment rule you should always follow. Accordingly, a significant benefit of investing in precious metals is their lack of correlation to other assets like bonds and stocks. Therefore, economic uncertainty does not affect the value of precious metals like it does on stocks or bonds. In fact, during financial crises like stock market collapses or economic depression, precious metals like gold perform very well.
· Long-Term Value Storage
During economic, social, and political unrest, the value of precious metals typically rises. They serve as a massive repository of wealth as a result. Contrary to what some investors believe, buying precious metals is not a defensive move against inflation.
Long-term price increases also occur when it comes to precious metals, occasionally more quickly than equities and bonds. Consequently, you might make a sizable return by merely investing in precious metals.
This investment doesn’t depend on the success of a specific business or sector, so you can invest with confidence, knowing that the worth of your valuable metals will increase over time.
· Demand & Shortage
It won’t always be necessary to mine for precious metals. Because their sources are slowly being exhausted, obtaining this natural and limited resource is becoming more challenging. So, precious metals are becoming increasingly in demand despite their scarcity due to the exhaustion of this natural reserve. Precious metals are used more frequently in daily items like computers and medical equipment, increasing demand.
Precious metals like gold have seen their prices rise due to the augmented shortage of these metals. It indicates that investments in precious metals, such as silver will be very profitable due to increased demand.
· Tangible Asset
Seeing the product you have purchased in person can be comforting. Investing in precious metals in their physical form, which retains their fundamental value, allows you to enjoy this. But with investments like stocks or bonds, you receive a certificate that would be valueless in the event of a market meltdown. So, the tangibility of these assets is also the benefits you can feel when buying them.
Cons of Investing in Precious Metals
Like any other type of investment, precious metals have drawbacks. The following are the most significant drawbacks you should be aware of:
· Liquidity Issues
Valuable metals such as gold aren’t generally regarded as legal currency in their physical form. As a result, your only choices are to sell them to get cash, a recognized legal tender, or to enter into a barter arrangement. All of this isn’t very pleasant and lessens the allure of precious metals.
· Tax Rates
The capital gains tax rate for collectible metals, such as silver and gold bullions, is 28%. It doesn’t matter how long you’ve kept onto the valuable metal for this to apply. The capital gains tax rate of 28% is also significantly higher than the 20% tax rate applied to other long-term capital gains on assets like equities.
· Storage Problems
You must make plans for storage if you purchase the precious metal in a physical form. It is possible to keep it at residence, but doing so raises the possibility of theft or damage from calamities like fire. If your resources are tight, the second option is to pay to store your valuable metal in bullion storage, which is not ideal.
· High Investment Cost
A valuable metal will cost more to purchase than its actual market value. It is typically the case since commissions are charged when buying precious metals like gold and silver. Local coin shops are generally more expensive than online dealers, and bars are less costly than coins because the latter frequently have intricate designs. The price you pay will typically depend on the market conditions and dealer.
Deciding on your career might be challenging because it depends on your preferences for different types of work. A career in the precious metals industry can surely be advantageous for those intrigued by valuable metals. You can become an Analyst, Goldsmith, Precious Metals Broker/Adviser, Precious Metals Worker, Quality Control Specialist, Coins Expert, and more.
There are many reasons to consider having a career in the precious metals industry because of the availability of various jobs in this sector. You can fit in the best-paying jobs in this sector, including precious metal workers, goldsmiths, precious metal brokers, metal production experts, and quality assurance specialists.
Also read: Wattpad Stories
The industry is already progressing, and no signs suggest that it will halt soon. Thus, it indicates that you currently have a fantastic opportunity to enter this prosperous business before it becomes overly competitive.
The Best Recommended Resorts in Nusa Dua Bali
Nusa Dua is one of Bali’s areas built specifically for tourism in the 1970s. Since then, many luxury hotels and resorts were built everywhere in the Nusa Dua area. For those who want an exciting vacation with family or friends, there are many choices for the bali resort nusa dua .
These accommodations have luxurious facilities ranging from spas, private swimming pools, restaurants, and many more. All resorts in Nusa Dua also have sparkling white sand and calm waves as their view. What are the recommendations for the best resorts in Nusa Dua?
Best Resort Recommendations in Nusa Dua Bali
1. Laguna Resort & Spa
Staying at Laguna Resort & Spa will make you feel very comfortable. When entering the resort, you will be greeted with the sound of a gong and dancers in traditional costumes showing off their artistic talents. Laguna Resort & Spa also provides spacious rooms with large beds and luxurious bathrooms.
Each room has a tropical garden interspersed with a lagoon pool. This resort also has gym facilities, a spa, and a sumptuous breakfast. There is also a beach bar if you want a cocktail. If you want to stay in a place that offers luxurious facilities and emphasizes local culture, pay a visit to Laguna Resort & Spa. The lodging at this resort is also not so expensive compared to other luxury hotels in Nusa Dua.
2. Resort St. Regis Bali
Located on the sand of Nusa Dua beach, St Regis is the next choice of resort for accommodation options. This resort has a traditional Balinese concept with olive green furnishings. Interestingly, you can swim in a vast lagoon from Resort St. Regis Bali, the size is three times the size of the Olympic swimming pool.
Furthermore, this resort is also equipped with a thalassotherapy spa. Resort St. Regis Bali also provides a ‘Children’s Learning Center’ facility so parents who bring their children can leave them there. The Children’s Learning Center offers a curriculum to stimulate and entertain children while their parents enjoy the holidays.
3. Hilton Bali Resort
Hilton Bali Resort is perched on a cliff overlooking the beautiful Indian Ocean. You can see Nusa Lembongan clearly from this resort because of its location on a cliff. Hilton Bali Resort is facilitated with a family swimming pool with water slides, an outdoor playground that will make the kids happy, a spa, and a kids club. There are also gazebos and loungers on the private beach. At sunset, there is an observation tower that you and your family can visit to see the fantastic sunset views.
You can visit the lodging recommendations above for those traveling with their family and looking for the best resorts in Nusa Dua, Bali. All of them have extraordinary views with complete and luxurious facilities!
4 Important Tips for Having a Vacation Abroad
Are you planning to go abroad but still don’t know what to prepare? People dream of going abroad, especially to countries like America and Europe. If this is your first time going abroad, you should check the following tips!
Prepare All Important Documents
The first thing you need to do is prepare important documents. For example, passports, ID cards, visas, and international driving licenses if you are going to drive abroad. Make sure you know whether the country you are going to visit is visa-free or not. For Southeast Asian countries, the Maldives and Turkey are visa-free, so you only have to have a passport. But a visa is still needed if you want to go to South Korea, Europe, or America. Make sure to scan your document and save it in the cloud like Google Drive or iCloud. Oh, yes, remember to check your vaccination status. Because every country needs your health information.
Itinerary is important for those who want to travel abroad. The reason is holidays abroad cost a lot of money, so when you can, take advantage of it with a well-planned schedule. Research in detail the tourist destinations you want to visit. For example, what is unique in it, ticket prices, transportation to get there, to the distance from the inn you’re staying. Remember to include places to eat that you want to try. Make sure the place to eat is according to your preferences, such as halal or free of certain food allergies.
Book Tickets in Advance
When you know how long you will be on vacation with the itinerary that has been prepared, it’s time to book plane tickets and lodging. Find cheap tickets by:
- Using promos and discounts on travel agent applications.
- Comparing which price is lower and what kind of facilities you will get.
- Choosing accommodation that fits your budget but is still comfortable.
Oh yes, also remember to check how the pandemic situation is in the country you are going to visit. Do you have to quarantine or not? Because it will affect your itinerary and accommodation. Due to the pandemic conditions that have not fully recovered, check whether there is still Indonesia quarantine after returning from vacation.
Exchange Money and Check Your ATM Cards
Exchange your currency into the destination country’s currency, for example, yen, euros, dollars, won, and others. But remember, don’t carry too much cash because it’s also prone to theft, besides being wasteful. For the rest, you can do cashless transactions. Check your bank’s ATM card to see if it has Visa, MasterCard, or Cirrus logos. This row of stamps indicates that your bank is working with banks abroad. Or you can also use a credit card to make your transaction easier.
Down 43%, Is This Tech Stock Worth Buying Right Now?
Skyworks Solutions (NASDAQ: SWKS) announced its fiscal 2022 fourth-quarter results (for the three months ended September 30) on November 3, and the supplier Apple’s stock price has risen 11% since then.
Skyworks beat expectations and showed solid growth at a time when smartphone sales were declining, but forecasts show the chipmaker is about to hit a bump. With that said, let’s take a closer look at the latest results from the chipmaker. Let’s take a closer look at whether the stock can sustain new momentum after losing 43% of its value in 2022.
Skyworks solutions deliver reliable results for non-mobile businesses
Skyworks’ fourth-quarter revenue increased 7% year-over-year to a record $1.4 billion. The company also reported non-GAAP (adjusted) earnings of $3.02 per share, up 15% year-over-year. Skyworks easily justified analyst estimates of $2.91 per share. For the year, the company’s revenue increased 7% to $5.5 billion and earnings rose similarly to $11.24 per share.
The strong growth of chipmakers in the fourth quarter was the result of successful diversification into new markets such as Internet of Things (IoT) and automotive, as well as relationships with major smartphone original equipment manufacturers (OEMs). Yes, it helped make up for it. Weakness in the smartphone market. space. However, it was the non-mobile business that put a lot of effort into Skyworks last quarter.
As CFO Chris Sennesael noted in the report, the company generated $500 million in revenue from broad market segments (counting chip sales for non-mobile applications like IoT), up 30% from the previous year. Last earnings conference call. Broad market companies contributed 36% of Skyworks’ revenue last quarter, up from 29% in the same period last year.
It’s also worth noting that Skyworks earned $2 billion in revenue from this segment for the entire fiscal year. That’s almost 43% more than the $1.4 billion in revenue last fiscal year. The good news is that the company’s business in a wide range of markets can maintain its momentum. This is because, as Skyworks showed in its earnings report, it is attracting new customers in high-growth niches like IoT.
“In IoT, we continue to win new customers and expand our content. We have partnered with Vodafone to launch the UK’s first WiFi 6E platform. We have launched a solution for Fi 6 hotspots.”
Skyworks also enables the deployment of O-RAN (Open Radio Access Network) and delivers record quarterly results in the high-growth automotive business niche. For example, the O-RAN market is expected to grow at an annual rate of 42% until 2030. Meanwhile, according to Mordor Intelligence, the demand for connected cars will grow by 19% per year until 2027.
These catalysts explain why Skyworks expects its broad commercial segment of the market “to be a major driver in FY23 and beyond.”
The mobile business was not in its best last quarter
Skyworks’ mobile business generated approximately $907 million in revenue last quarter (this is total revenue minus $500 million from the broader market business). By comparison, 71% of Skyworks’ $1.31 billion in revenue last year came from its mobile business, worth nearly $931 million.
Thus, the company’s mobile business, which generates most of its revenue, declined year-over-year in the most recent quarter. This is not surprising given that smartphone sales have been declining for the past five quarters. Skyworks considers Apple its biggest client, with the smartphone giant generating 58% of its revenue last year.
Last quarter, Apple shipped 48.5 million smartphones, 6.4% more than last year. However, the overall smartphone market was down 9% year-over-year. And now things could get even worse for Skyworks.
All of this explains why Skyworks management is targeting a sharp drop in sales and profits. The chipmaker expects revenue of $1.3 billion to $1.35 billion and adjusted earnings of $2.59 per share in the first quarter of fiscal 2023. These numbers show double-digit declines in both revenue and earnings compared to the last year.
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