I am sure we have all heard about gold and silver as an investment. They have never been worth zero. Naturally, they have never been worth zero. But are they going up in value, is the real question.
Anyways, gold actually has been rising in value, the last time I checked, at least. What about platinum? Is platinum a wise investment? I know it’s worth more than gold. But is it worth it, period?
BTW, you know the US mint makes some platinum coins. Does anyone ever buy them? Should they?
Financial advisors, this question was made for you .
I’ve been watching it sporadically for about 20 years. A little more volatility than gold. It was above gold in 2000, and now a little over half… Platinum has industrial demand, which will decline since it is used in automotive catalytic converters. I made a bundle when I detected a market glitch in Rhodium, but stay away from that.
Coins, I’d strictly stick with gold for a reasonable (10%) spread at any shop. Or better, a pool account at a house like Kitco. You can buy platinum pool there, not worry about storage.
I used to have an extensive coin collection, mostly silver and gold with some platinum. When I sold most of it about 10 years ago, I got lots more than I had paid for it.
I think profitable platinum investing must be dominated by people with other connections to platinum, such as financial people who work in the platinum industry. It seems to me that private investors are very far from braking even on average, as they’d have to outsmart industry insiders plus pay for the commissions. It is good that platinum trading is possible, so that industries can smooth out unpredictable fluctuations without starving markets for products that rely on platinum. But that’s the big thing platinum trading is for, IMHO.
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