To gain exposure to the metal, investors may purchase platinum bars or coins, platinum futures contracts, or shares of platinum mining companies. Another option is a platinum exchange-traded fund (ETF).
How do you invest in platinum?
There are several ways to invest in platinum, with the first being through the direct purchase of physical platinum bars or platinum coins through a bullion dealer. Another investment option is the WPIC and BullionVault’s online physical platinum market, which is open 24 hours a day, seven days a week.
What is a good platinum stock to buy?
Best Platinum Stocks
- Anglo American Platinum (OTC: ANGPY)
- Impala Platinum Holdings (OTC: IMPUF)
- Sibanye Stillwater (NYSE: SBSW)
- Vale (NYSE: VALE)
- Platinum Group Metals (AMEX: PLG)
What is the stock symbol for platinum?
Investment vehicles
Platinum is traded as an ETF (exchange-traded fund) on the London Stock Exchange under the ticker symbol LSE: PHPT and on the New York Stock Exchange as ticker symbols PPLT and PLTM There are also several ETNs (exchange-traded note) available, some of which are inverse to the price of platinum.
What is platinum ETF?
Platinum ETFs allow investors to gain exposure to platinum without having to own the physical asset. These funds track prices changes of platinum through investment in futures contracts.
Is platinum a good investment in 2021?
Similar to gold, platinum is also considered to be a safe-haven asset and is used in jewellery-making. The overall demand for platinum is expected to increase to 7.753 million ounces in 2021, up 1% from the previous year, according to the WPIC.
Can you buy pure platinum?
Platinum bullion bars and coins are easy to buy, sell and store, and are traded worldwide, making them an asset that is not tied to or dependent on one government or country. The standard platinum bar, also referred to as a platinum ingot, is 10 troy ounces of pure .
Which is better investment gold or platinum?
Platinum is a more compelling metal to own than gold,” he said.The World Platinum Investment Council estimated in November that supply will outstrip demand by 455,000 ounces in 2019, down from 505,000 ounces in 2018.
Who owns the most platinum?
List of countries by platinum production
| Rank | Country/Region | Platinum production (kilograms) |
|---|---|---|
| World | 180,000 | |
| 1 | South Africa | 130,000 |
| 2 | Russia | 22,000 |
| 3 | Zimbabwe | 15,000 |
Is platinum better than gold?
Gold: Strength and Durability. While both precious metals are strong, platinum is more durable than gold. Its high density and chemical composition make it less likely to break than gold, so it lasts longer.Despite being stronger, platinum is also softer than 14k gold.
$ 2.34
| Close | Chg | Chg % |
|---|---|---|
| $2.30 | -0.09 | -3.77% |
Is platinum cheaper than white gold?
Price. Elizabeth shares, Platinum is roughly 40-50% more expensive than white gold because more platinum is required to make a piece due to its density.Since white gold is a mixture of durable metals, it is much lower in price and more affordable than platinum.” However, it’s not all about up-front costs.
Why is platinum cheaper than gold?
Along those same lines, platinum’s price fluctuates more than gold. Because its demand goes up and down, so does its price. While platinum is often worth more than gold, it is also more likely to decrease in value at a moment’s notice.So if the ratio is greater than 1, platinum is cheaper than gold.
How do you trade platinums in futures?
You can trade Platinum futures at New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM). NYMEX Platinum futures prices are quoted in dollars and cents per ounce and are traded in lot sizes of 50 troy ounces .
Where is platinum found?
The majority (about 80 percent) of platinum is mined in South Africa. Approximately 10 percent is mined in Russia, and the rest is found in North and South America, according to the U.S. Geological Survey.
What will 2022 platinum be worth?
$1,253
Platinum will average $1,222 an ounce in 2021 and $1,253 in 2022, according to the median response from the poll of 34 analysts and traders conducted this month. A similar poll three months ago forecast averages of $1,044 for 2021 and $1,082 for 2022. Platinum averaged $883 in 2020.
What is the best metal to invest in 2021?
World of precious metals: What is the best choice to invest in…
- Gold. If you are looking for a reliable source of stability concerning the current currency value, investing in gold is the best solution.
- Silver. Silver is valued for its aesthetics too.
- Platinum.
- Palladium.
Why is platinum so cheap 2021?
Platinum Is in a Supply Deficit, Lifting Prices
With mining stalled, the global platinum market entered a supply deficit. In other words, demand for platinum is exceeding the available supply of the precious metal. During the first quarter of 2021, demand for the metal rose by 26%.
How much does 1kg of platinum cost?
Live metal spot prices (24 hours): 12/09/2021 16:04:03
| Platinum Spot Prices | Platinum Price Today | Change |
|---|---|---|
| Platinum price per Gram | US$30.42 | US$-0.6400 |
| Platinum price per Ounce | US$946.10 | US$-19.94 |
| Platinum price per Kilogram | US$30,417.74 | US$-641.24 |
How do I buy platinum metal?
There are four ways you can invest in the platinum market globally. In India, however, you have only two optionsplatinum bullion, coins or jewellery and futures trading on a commodity exchange. You can purchase bullion and coins from various centres such as banks and authorised dealers.
How expensive is a bar of platinum?
The PAMP 1kg platinum bar is the largest platinum bar available.
50g ABC Platinum Minted Tablet Platinum.
| 1 – 9 Items | $2,424.00 |
|---|---|
| 25 – Items | $2,404.00 |
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