Is Platinum A Good Investment?Out of the three most valuable precious metals that people invest in (gold, silver, and platinum), platinum is the rarest on two accounts. It is uncommon in both supply and investing. For whatever reason, Platinum hasn't yet been recognized as a valuable metal to invest in, even though at the time of writing this, its price was $1026 an ounce compared to $1255 for an ounce of gold. In fact at its peak in April 2008, Platinum hit the price of $2123 an ounce. You can see from the historic price graph below, that the price of Platinum increased considerably since 1997, and in the second chart, which cover its price YTD (2017) it rose from just below $920 an ounce to $1026 February 27th, 2017. Historic Platinum PricePlatinum Price YTD 2017
How To Work Out If Platinum Is A Good InvestmentIf you looked at our 'investing in silver' page, then you would have seen we talk about how to work out if silver is a good investment by looking at the gold-silver ratio. Well, the process is the same for Platinum, you work out the Gold: Platinum ratio to see if it is a wise investment. A general rule to go by is that platinum is a better investment when it sells lower than gold. Below we have an example, which comes from moneymetals.com, to explain the ratio and benefit of purchasing platinum.
What Are The Pros & Cons of Platinum Investment?The Pros To Platinum Investment
Diversification
ROI
Demand
Limited Source
The Cons To Platinum Investment
Time
Volitility
What Are The Options For Investing In Platinum?Like any investment, you need to consider before you do it, why you want to invest in platinum? If your reason is simply to own collectibles, without looking for short-term gains, then that is quite straightforward. You will find that there are many coin providers available for you to choose from, on the internet. If you are looking for investment purposes, are you seeking to invest in physical platinum or add it to your retirement account and create a precious metals IRA? If you go to our companies page, you will see we recommend some companies for precious metals investment, including platinum. Speak to them about your requirements and they will set you up with the correct investment type to match your needs.
DisclaimerPlease note that the content on this website does not constitute financial advice and should not be taken as such. The owner of this site may be paid to recommend Regal Assets or other companies. The content on this website, including any positive reviews of Regal Assets and any other reviews, may not be neutral or independent. It is advisable to always speak to a certified financial advisor before making any investment decision. Current PricesThe post Platinum Investment appeared first on Precious Metals Investment Guide. Original source here: Platinum Investment
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