Is Platinum a good Investment?

Many investors often ignore Platinum for its “shiny” counterparts when building a profitable precious metal portfolio. In most cases, the “gold craze” can be very quick to overshadow the financial potentials of other lesser-known metals like Platinum and Palladium. Notwithstanding its less popularity, Platinum has the potential to positively impact your investment portfolio.

As you would get to know in this article, Platinum is an in-demand commodity that has crucial significance across several manufacturing industries.

Understanding Platinum

Platinum is quite similar to other precious metals when considering its profitability, its value as a safe haven, hedge against inflation, and how its price movement varies from other major shares and stock options. As rightly summed by Josh Simpson, a financial advisor with Lake Advisory Group;

“Investing in platinum is just like investing in any other precious metal such as gold, silver, or copper,”

One factor that sets Platinum apart from other metals is its rarity -thanks to its mining difficulty. According to World Platinum Investment Council, Platinum is found to be about 30 times rarer than Gold due to its low concentration in the

In terms of global production, Platinum is less likely to fill an Olympic-sized pool. Compared to Gold which could easily fill three Olympic-sized pools. Moreover, you can easily add this rare metal to your investment portfolio.