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Orion Metal Exchange Sees An Investment Opportunity in Platinum Due to Global Push For Clean Energy

Orion Metal Exchange Sees An Investment Opportunity in Platinum Due to Global Push For Clean Energy

LOS ANGELES, Dec. 22, 2020 /PRNewswire/ — Orion Metal Exchange is proud to be recognized by Retirement Living as the top full service precious metals company for 2020.

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There is a clear and evident push towards global decarbonization. Platinum is considered a green metal. Platinum is a key ingredient to zero emission transportation. Platinum is expected to reach a 1.2 million ounce deficit this year and the development of hydrogen fuel cell transportation is picking up pace around the globe. As the zero emission transportation trend continues, a continued deficit in platinum supply is expected.This should cause the price of platinum to continue to rise in value. Platinum has had a low of $590 per ounce and a high of $1080 an ounce in 2020. 

Orion Metal Exchange CEO Jacob Blalock says, “The production cost of platinum is approximately $1100 an ounce which is higher than the current market value. In comparison to gold and silver, I currently view platinum as a better value with considerably higher upside potential.”

Interested parties are invited to call Orion Metal Exchange at 1-800-559-0088 with questions concerning precious metals IRA/tax deferred accounts, precious metal 3rd party storage and accepting precious metal delivery/possession. Clients are also encouraged to ask about our Platinum self directed IRA.

About Orion Metal Exchange

Orion Metal Exchange is a nationwide full-service precious metals company. Orion Metal Exchange is a precious metals IRA specialist. With a combined 50 years in experience, Orion Metal Exchange specializes in accredited retirement accounts, delivery, and 3rd party storage for gold, silver, platinum, and palladium. The firm was rated a top IRA Gold Dealer in 2017, 2018, 2019, 2020 by Retirement Living. Orion also earned a five-star rating by Trust Pilot.

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