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Everything You Need to Know About Investing in Platinum

A bunch of platinum bars placed on a table

Platinum should be more expensive than other precious metals, but it is currently selling at a significantly lower cost. What caused the price of this costly and scarce metal to plummet, and will it retain its future value? Let’s have a look. Since its origin, it has been regarded as a superior valuable commodity. Platinum bullion was once marketed at twice the price of gold; however, now things have taken a downturn.

Platinum’s substantial price decline has shocked many shareholders over the last few years. In 2021, it rebounded, but the ongoing Russian and Ukrainian conflict sent the price down in April 2022. Still, investors have hope for this industry, and some say it will rise once again. Take a look at this guide to understand the top three ways to invest in platinum.

Platinum Industry

Platinum is 30 times more scarce than other precious metals, and its recently uncovered applications are ramping up its demand. Compared to other materials, platinum is employed in more commercial and production sectors. It’s utilized to make catalytic converters employed in cars to control emissions.

The automotive sector, which is the largest consumer of platinum, impacts its cost. Platinum is often utilized in car catalysts to reduce fuel and petroleum motors pollution. It does, nevertheless, play a part in the hydrogen industry, which is moving away from natural resources and toward hydrogen as a key source of power. The metal is essential for making microbial electrolysis cells used to power vehicles and watercraft. As a result, the automobile industry has the potential to influence platinum rates in a variety of ways.

Investing In Platinum

If you’re ready to invest in platinum after learning about the primary elements that influence the price of the metal, there are a few rather simple methods to do so:

1. Physical Platinum

The most basic way to invest in precious stones is in the form of coins and bullions. However, like the other options, purchasing platinum is far more complicated, with a limited number of reputable vendors in proportion to the metal’s scarcity.

2. Platinum Futures

Another prevalent way to invest in platinum is through futures. Platinum futures are a type of commodity futures contract in which buyers commit to buying or trading rare metals at a predetermined cost and on a set timeframe. Stock brokers use them to secure their investment from price fluctuations.

Although the platinum industry is limited compared to other rare metals, prices fluctuate frequently. Since platinum is an industrial commodity, it’s more susceptible to market forces than other precious metals. Political situation o the region has an impact on platinum prices.

Platinum ETFs

Like other types of exchange-traded funds, Platinum ETFs offer a better understanding of the sector. This implies that a platinum ETF can be used to invest in platinum extraction and manufacturing firms and other industries. This is the most straightforward approach to investing in Platinum, and while each ETF is unique, your risks are mitigated in several ways with an exchange-traded fund. Many top dealers will provide a platinum ETF option.

A set of platinum rings placed on a marble table

Get In Touch With One Of The Most Trustworthy Precious Metal Investment Dealers

If you’re seeking a reputable precious metal investment dealer to buy platinum, then contact Orion Metal Exchange. We are a precious metals storage company that provides secure vault storage for gold, silver, and other precious metal investments. If you want to save for retirement, we can also set up a precious metal IRA account. Contact us today to learn more about our metal products and other services.

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