That being said, if the economy is trending upward and industrial and manufacturing industries are on the rise, then platinum can make a great short-term investment that bears much higher immediate returns than gold.
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Is platinum a better investment than gold
Is platinum a better investment than gold? In general, platinum is no bigger investment than gold. Gold is hard, easier to mine, and its price does not fluctuate as much as platinum. And the value of gold should be significantly higher than that of platinum. Gold is often more stable. Gold is slower in the market and more progressive than demand for platinum. Institutions where gold is most commonly practiced – jewelry, electronics and medicine – are less dependent on economic factors influencing their needs.
Is platinum worth investing in
Platinum is similar to many commodities in that it usually moves inversely with the US dollar. This makes investing in platinum your own opportunity to profit from the risky exposure of a weak dollar. Rampant spending by the US government has led to heavy debt and the world’s largest economy in terms of deficit.
Is buying platinum worth it
My wife asked me to buy her a gold ring, which continues to rise, according to the Platinum Guild International last quarter 2021 report: Wife: Can you give me a gold engagement ring instead of buying this? this year relative to my birthday?
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Is it a good idea to invest in platinum
There are many reasons why platinum can be an economical option. These include: This is accompanied by a stable independent demand, I would say speculative activity when it comes to investing. This is usually due to the fact that the automotive and jewelry industries are in constant demand.
Is platinum a good investment 2022
After falling 43,000 ounces in 2021, demand for real estate investment is expected to rise by 329,000 ounces in 2022. According to the WPIC, the platinum market will top 652,000 ounces per year, up from 1.232 million ounces per year.
Is platinum a good investment 2021
Platinum prices rose less sharply, to around $1,170 an ounce. The WPIC said a market of around 8 billion ounces per year initially had a surplus of 1.23 million ounces in 2021 and a projected surplus of 652,000 ounces in 2022. It says that the platinum benchmark is up 21% while demand is down 9%.
Is platinum a better investment than gold
In general, platinum is not a better investment than gold. Gold is more stable, easier to mine, and doesn’t work as well as platinum. And gold is really worth much more than platinum.
Is platinum a good long-term investment
Platinum has previously been shown to add value to precious metals by acting as a long-term portfolio diversifier. It is important to note that if gold investors had already added a significant 5% of platinum to their investment portfolios, their risk-adjusted returns would already have increased by more than the remaining 30%.
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