Is it worth investing in platinum?
As in the case of gold, the natural resources of platinum are limited, in addition, the platinum group metals are considered the rarest of the noble ones, which indicates the investment attractiveness of the metal.
Today, platinum is used as a material not only for the production of jewelry, coins and bars, but also in the automotive industry. The struggle for the environment also plays its role, which requires high-quality cleaning of emissions, primarily automotive. Platinum is in great demand here in the production of catalytic filters. Thus, the investor can count on a steady increase in prices for this precious metal in the long term.
In addition, the volatility of platinum is 1.5–2 times lower than that of gold. This suggests that using it as a safe haven asset for periods of crisis or a protective tool is more justified.
Thus, investments in platinum are quite justified, it remains only to decide in what form to implement them, for example, by buying 1 oz platinum coin American Eagle from Mynteq.
P.S.: Interesting fact! In the fall of 2021, the US Treasury was ready to mint a platinum coin worth $ 1 trillion to prevent default (its danger arose due to the parliament’s refusal to increase the national debt ceiling). However, the necessary decision was made and its release wasn’t needed.