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Over the long-term it’s traded at an average price of 1.2 times the price of gold.

BELLEVUE RARE COINS BELLEVUE PLUS

On the plus side, jewelry and industrial demand is fairly steady, overall demand typically exceeds supply, known stores of platinum are very small, and the metal is very expensive to mine.Īlso, platinum is historically more valuable than gold. Moving forward, platinum has both positive and negative catalysts from an investment standpoint. It topped out at nearly $2,200 per oz in 2007, and again hit over $1,800 in 2010, before falling to sub-$1,000 today. Platinum’s combination of extreme rarity and strong industrial demand have pushed its price through the roof multiple times. Investors also appreciate that the metal has relatively stable industrial and jewelry demand, which helps to support price levels.īut is platinum a good investment? One thing is clear: platinum can be a volatile asset class. That said, platinum appears to be undervalued currently, which has convinced a lot of investors to jump into the mix. The bulk of demand comes from autocatalyst use in the automotive industry (40%), jewelry (30%), and industrial (20%), based on 2016 data. Even so, platinum investment makes up less than 10% of annual demand for the rare metal. Today, platinum is popular among precious metal investors. While gold and silver have been trusted stores of value for thousands of years, platinum does not have the same monetary history. The concept of investing in platinum is a relatively new one.

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You should speak to a certified financial professional to determine the best investment mix for your specific situation. It should not be considered as financial or investment advice. Pt is certainly rare – but does that alone make it worth investing in? And if you want to, how do you invest in platinum?ĭisclaimer: This page is intended for informational purposes only. And unlike gold, which is used relatively little in industrial applications, platinum has a huge amount of industrial demand which helps prop up its price. Thus, the metal is quite scarce, which makes it valuable. For instance, the annual mining output of gold (Au) is approximately 15-20x higher than the annual output of platinum. Platinum (Pt) is extremely rare, even more so than other precious metals. But is platinum a good investment option?

And more recently, platinum has been used by many as an alternative investment class. It’s also commonly used in jewelry and dental work.

Platinum is a precious metal with a wide variety of industrial uses.

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