How Rare is Platinum?
While many people invest in Gold and Silver, one Precious Metal that is often overlooked is Platinum. “Platinum is much rarer than both Gold and Silver — so rare, in fact, that all of the Platinum ever mined could fit into your living room,” according to finance group Outsider Club. The rarity of Platinum cannot be overstated because it has more uses than one could think of, particularly in industrial use, including catalytic converters, laboratory equipment and even dentistry equipment.
Investors are comfortable buying what they know, such as Gold and Silver. Investors looking for an edge, however, know they need to look to under-tapped markets such as Platinum. Platinum should be considered because it offers portfolio diversity and is undervalued against the price of Gold. Often it is referred to as the “rich man's Gold.” The rarity of Platinum is enough to give it good long-term value and APMEX’s Platinum spot prices chart tracks the price of the Metal over time. The value of Platinum is inexhaustible in many economic markets.
According to Africa Mining IQ, “80% of the world’s Platinum group metal reserves” are in South Africa. The supply for Platinum products, such as Platinum coins, is tight. This is due to the metal being extremely rare. Platinum is mined in very few mining deposits throughout the world and many of the uses of Platinum go to the automotive industry for vehicle emissions devices.
Platinum spot prices can be tricky but the market value of this metal tracks as fluidly as Gold or Silver. Though Platinum does have many industrial and automotive uses, there is also tremendous value in Platinum coins and Platinum bars.
Though rare, Platinum coins make a great investment for coin collectors, such as the 1 oz Platinum Eagles and the Australian Platinum Platypus Coins. These are just two examples of the many high-quality Platinum coins APMEX offers. APMEX offers Platinum coins from America, Canada and Australia, offering buyers several options from which to choose.
Take advantage of the value of Platinum today and see great returns in your investment.
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Written to acquaint you with Precious Metals investing and all the ways APMEX helps you succeed. Read more