3 Ways To Invest In Platinum

Are you someone who likes investing in kind rather than cash? If yes, then this article is for you. 

When anyone discusses the costliest metals to invest in, talks of gold come up. However, a metal that is costlier and much rarer than gold is platinum.

Australia's land is rich in minerals, and the country is among the top 5 producers of key minerals worldwide. 

But platinum nuggets are rare even here.

So, you can envision just how valuable this metal is. Adding to this speciality are rare chemical properties that make it highly desirable. It is a non-reactive metal that finds application in many aspects of life. 

Read on to learn more about this precious metal and why you should invest in it. 

The origin of platinum

While the origin of platinum remains shrouded in mystery, it is known that humans first discovered it in Colombia around the 16th century. Since then, it has remained one of the rarest metals on earth. 

Australia is home to the largest platinum field in the world called Fifield. Mining work began there in the 1800s and has continued till the present. 

Quite like gold, it could be found flowing in rivers. However, nowadays, you would have to resort to underground mining. These processes add to the value of this metal by making it challenging to look for.

Its price is valued at around 41 AUD and is expected to increase. 

So, how can you invest in platinum?

Investing in platinum is a wise choice for the future. That is because this metal is bound to get rarer, and its demand will not reduce. It has too many applications for humans to survive without it:

  • Cancer therapy
  • Catalytic converters
  • Electrodes for various processes
  • Circuiting in electronic devices

Thus, investing in platinum from now is bound to secure your money for the future. Try the following ways for platinum investments:

1. Bars and biscuits

Quite like gold, bars and biscuits are the easiest methods of investing in platinum. They are reliable investments as they:

  • Are made of pure metal 
  • Can be bought in different sizes 
  • Have the exact weight mentioned

So, bars and biscuits are convenient ways of investing in precious metals. 

2. Jewellery and accessories

Platinum jewellery usually contains 85-95% pure platinum. They are generally alloyed with metals like copper. An alloy is used because platinum is very malleable and can quickly lose its grip on a jewel. 

Some aspects to keep in mind when investing in platinum jewellery:

  • There will be an extra charge for craftsmanship
  • You can use it as both an investment and an ornament
  • The weight or percentage of platinum will be written accurately

Hence, buying platinum jewellery is an excellent method of investing.

3. Mining company shares

If you own a company that sells one core product, and the prices of that product hike, then you will make bigger profits. Similarly, companies mining this precious metal are thriving with the rising value of platinum. 

So, by buying their shares, you will also become a part of such enormous profits. 

In a nutshell

The market value of platinum metal is increasing and is more volatile than gold prices. Thus, investing in it now will surely bring you excellent returns. 

There are many different ways of investing, and they are all profitable. So, take your pick!

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