Call our consultants today at 800-426-2344 and let us help you create a plan for profiting from precious metals. Tips to Protect Your Silver, The global silver investment over the past five years is more than $8 billion, Due to multiple uses and applications, the demand for silver will continue to increase, A stable supply (more than 70% of platinum comes from South Africa), Stability against inflation and devaluation, The demand for palladium has increased by over 40%. Silver is usually in the basket with gold and other precious metals because it tends to maintain its value. Because platinum as an investment asset is not as popular as gold or silver, you have a lot of room to grow. PLATINUM 2. Have you experienced investing in other precious metals like gold and silver? Understanding pricing fluctuations requires a careful analysis of different factors, including market price, demand and supply, mining, the cost of production, and more. However, silver is still seen as a safe investment during economic instability. You will make $100. Platinum is an industrial metal, and it's specifically a car industry metal. I hope these have answered some questions you may have about investing in platinum for your retirement. Durability. If it's the financial system you're worried about, investing in gold or silver is a better way to express that concern. Not worth it, you say? And it can be done, if you remember to look for the right kind of scrap to invest in. However, in recent years, the growing demand for gold has pushed it near the price of platinum. Andrew Hecht. Investors should expect the platinum and palladium price per ounce to increase. But think again. Platinum does not enjoy a market share like gold. However, platinum is less naturally abundant, far denser, and more expensive. Even though all three metals look similar at first glance, they have unique features that can help you determine the differences between silver vs. platinum vs. palladium. You will buy it at its current price and if you want to sell it in six months, chances are very good you are only going to get about what you paid for it – or maybe a little more if the price of gold suddenly mushrooms. Investing in bullion coins is the most popular way to invest in silver. Platinum and Palladium are like siblings — a lot alike but with different personalities. Based on the elements in this article we conclude that the likelihood in which platinum will make a major move is increasing exponentially as 2021 kicks off. If the same was done for platinum, the supply would last about a year. Silver is a softer metal and is susceptible to corrosion. Platinum and Palladium, while they are gorgeous Precious Metals with real potential as investment products, simply don’t enjoy the same popularity as Gold and Silver. Let's get the differences in appearance addressed first. You could follow the common wisdom we wrote about at the start of today’s post, by buying platinum, gold, or silver at current trading prices and then hoping it will go up in value in the coming year. However, when it comes to shopping for an engagement ring or wedding band, the differences between these similar-looking precious metals become quite pronounced, both in terms of quality and of price. That’s the only reason why we do this research, and why we publish this platinum price prediction. While we get the domestic price of gold and silver every 10 minutes, getting that for platinum is difficult,” says Hasmukh Bafna, President, Gold Chains & Jewellery Wholesalers Welfare Association. Similar to gold and silver, platinum is purchased and sold as a commodity all across the globe. … Only 3% of platinum is actually bought and held as an investment opportunity, compared to gold or silver, which are obviously much higher. History: People have been using gold as an investment since a long time, and hence, they find it easy to trust this metal. He has almost 35 years experience on Wall Street. They are tangible assets with intrinsic value. . We can predict that when the year 2020 ends, you are going to thank us. Looking at that, I rank these 3 in terms of how good an investment for a 5-10 year range like this. Platinum Vs. Gold ••• Rost-9D / Getty Images By. In this gold vs platinum comparison, let’s check out which precious metal is a better investment and why. Required fields are marked *. Follow Linkedin. He has almost 35 years experience on Wall Street. Another insight is that gold to platinum ratio is about double the average. Yes, that's historically been the case. We are talking the type of move that makes your platinum investment a multi bagger in 6 months time. This is literally the $1 million question, because if you can buy gold, silver, or platinum scrap for pennies on the dollar – which is something that can be done – you can reasonably expect to make a lot more money from your precious metal investments. Learn Why Everyone Should Own Real Gold & Silver. precious metal used in everything from the automotive industry to designer jewelry Platinum and palladium have a similar appearance. Both gold and platinum are shown in US dollars per troy ounce. Read The Balance's editorial policies. The table clearly shows that while mining costs of silver and gold are relatively low in comparison to the price of the metal; platinum mining costs … But other precious metals such as platinum and silver have their own place in a savvy investor’s portfolio. Together with direct purchases of platinum bullion bars and coin, that took investment demand – net of investor selling – up to 35.2 tonnes, greater by nearly 30% than the 2013 peak. Silver has uses in tech, and platinum is used a lot in the auto industry. Five Kinds of Precious Platinum Scrap That Is Getting Tossed . Today real world prices are about Plat $1200, Gold $950, Silver $14. Experts posit that platinum is about 15–20 times scarcer than gold, on the basis of annual mine production. Want to know more? Also, due to the relatively tiny supply, the prices of these metals tend toward volatility, making them less than ideal for casual investors. In times of turmoil and uncertainty, many people look to invest in safe currencies and precious metals. Both metals benefit from the auto industry because they are used to create catalytic converters. However, platinum is considerably rarer than gold and silver, and so scarce that some say the entire amount of metal ever mined might fit in a large living room. We are talking the type of move that makes your platinum investment a multi bagger in 6 months time. That answer makes sense. However, platinum is considerably rarer than gold and silver, and also has industrial uses. Advantages of investing in platinum and gold. Whenever there are times of economic or political uncertainty, you might see a sudden increase in metal demand. While we can’t compare silver and gold in terms of popularity (gold was and will be on the top), here are some reasons investors consider investing in silver coins: As a popular commodity, silver trades 24 hours across worldwide exchanges. The price of platinum vs. gold or silver; Reasons for investing in platinum; 1. These three factors will determine whether the prices for platinum and palladium will go up or down. Advantages of investing in platinum and gold. Palladium is a precious hard metal that resists corrosion. Aside from silver bullion and coins, some people also invest in paper silver, available in the form of certificates and ETFs. It is also used as a conductor for electronic devices. It is also used in electronic devices and oxygen sensors, which require a corrosion-resistant and hard metal. well, as we say, you can do the math for yourself. The platinum: silver ratio shows us the proportionate relationship between the respective prices of platinum and silver. Andrew Hecht wrote about investing and commodities for The Balance. The most common answer to that question is almost always something like this . Your email address will not be published. . Unlike gold, the supply and demand for industrial uses are greater, which is why silver’s value is unstable. Gold is the granddaddy of precious metals, at least from an investment perspective. If you buy a lot of old gold-plated items like jewelry, eyeglass frames or collectible medals, for example, you can literally buy low and sell high. Platinum Platinum, used widely in vehicular catalytic converters and for jewelry, isn't quite as major an investment metal as gold or silver. Today is Monday 20th August 2018 and we are discussing silver vs platinum, how they compare, the size of the market, their uses and whether one offers a better investment … Since 2014, platinum rates … That is faulty thinking because it is possible to buy up very large quantities of silver scrap and waste and recycle it. As platinum was discovered only in the mid-18th century, it lacks the years and years of investment history that gold has. Both gold and platinum have their own unique qualities. Find tips and strategies to reclaim hidden profits from your precious metal scrap. . The platinum: silver ratio shows us the proportionate relationship between the respective prices of platinum and silver. Full Bio. Platinum is the most expensive of the precious metals. They feature an exceptional glow that can withstand wear and tear over time. Platinum vs Silver Value. 3. Since 2014, platinum rates have fallen significantly lower than gold rates. Palladium is common in industrial uses due to its lower price point. If you’re looking to invest in precious metals, you need to understand the difference between various precious metals to decide which one to invest in. It also took platinum investing to a 32-year high of 18.2% in terms of the metal's total net demand. Silver and other precious metals, such as platinum and palladium, have also benefited from the stress caused by the recent financial crisis. In previous years, precious metals have performed well during economic crises. In terms of price, it tends to sell for a higher rate than silver during political stability because it is rare and has unique features. Durability. The analysis presented below is based on technical analysis using previous significant highs, and Fibonacci extensions. While at first glance both silver and platinum appear silver in color, the two metals are actually easily discernible to the naked eye. While the platinum price is more unstable than silver and palladium, it has grown five-fold over the last couple of years. Both are members of the precious metals’ PGM family, but they vary in terms of price and composition. “Platinum has underperformed; it’s traditionally been higher than the gold price,” Calandra told INN on the sidelines of the New Orleans Investment Conference. About a decade ago, platinum was considered to be more valuable than gold, the price of which was almost 150% of gold. Investment potential of platinum and palladium seeking alpha gold to palladium ratio kitco news moment of truth for palladium june 13 2019 a palladium prediction of 5000 by 2020 possible or not platinum prices vs gold macrotrends gold price latest is palladium more valuable than. By the time of writing this article, silver was trading at 14.18 with a spread margin of 0.1 (-0.42%) against gold’s 1,201.40 at spread margin of 1.00 (-4.70%). Even though platinum has considerable industrial and technology applications, as well as use in jewelry and art, it also serves as a financial metal and an investment vehi… Silver, platinum, and palladium are available in the same forms as gold, including jewelry, bars, rounds, and coins. Based on the elements in this article we conclude that the likelihood in which platinum will make a major move is increasing exponentially as 2021 kicks off. Gold, silver, palladium, or platinum all hold their value and aren’t subject to inflation. 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