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3 Platinum Myths Debunked

3 Platinum Myths Debunked

Purchasing and storing precious metals is a common practice nowadays. Platinum is one of the most popular precious metals out there, commonly used as a store of value. It is liquid and popular among the masses. However, despite platinum’s popularity and industrial value, the metal is still subject to several misconceptions.

If you are one of those people who are having a hard time investing in platinum due to baseless myths, you are in the right place. This blog will debunk some common platinum myths. Keep reading to learn more.

Myth # 1: Platinum is Softer than Gold

Fact: Platinum is Denser and More Durable

Platinum is regarded for its durability among other precious metals. Although most precious metals are soft when they are in their raw state, you should know that the hardness of the metal does not define its durability. If anything, platinum is known as one of the longest-lasting natural metals on earth. It is denser than gold and highly durable.

Close-up image of rings

Myth # 2: White Gold and Platinum are the Same Things

Fact: Platinum is the Only True White Metal

When you look at platinum and white gold for the first time, they might look similar. However, this is a common mistake. Platinum is the only real white metal out of the two. Platinum is naturally white and pure, which means that its color will never fade away. White gold will need to be retouched over time to maintain its appearance. Additionally, platinum is also hypoallergenic because it is pure metal.

Myth # 3: Platinum is Very Expensive

Fact: Platinum is Denser and Pure

The pureness and density of the metal play a significant role in its price. If you compare white gold with platinum, you will find the latter expensive as it is pure and more durable. Its value only increases over time, and it also does not require a lot of maintenance.

Now that you have a fair knowledge of platinum, it is time to get started. 

If you are ready to become a precious metals ira investor, let the experts at Orion Metal Exchange help you get started. We can help you buy, sell, and exchange precious metals like gold and silver.

Get in touch with us to learn more about secure your retirement with gold and silver services. 

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