As a pure precious metal, platinum is whitish in color and malleable. For many years, platinum has been used in emission controlling devices, jewelry and in electronics. As a precious metal, platinum can be both collected and invested in. The rarest of the precious metals, platinum has a much shorter history in the financial sector in contrast with gold and silver. Platinum is steadily becoming one of the most proficient hedges against inflation in the marketplace. Platinum metal investing comes in a variety of types including coins, exchange traded products on the New York Mercantile Exchange and Swiss Bank accounts that offer the investor immediate buying and selling of platinum as a form of currency. Platinum coins have become more popular in recent years over its gold and silver counterparts. While platinum is one of the scarcer precious metals and comes in many different forms, there are some advantages of investing in platinum coins and owning them.
1. Combination – platinum coins provide a prosperous avenue to platinum commodity market participation and owning a collectible coin as well. Platinum is now eligible to be included in IRA retirement accounts as well for the investor seeking to have stable retirement. By investing in platinum coins, you gain a smart way to build both short and long-term wealth, as well as own something that is collectible. Platinum coins are a solid and financially unwavering investment.
2. Short and long-term benefits – with platinum coins, an investor can see a quick return on their investment along with a long-term investment potential. Platinum volatility is what drives this particular advantage. While platinum will diversify your portfolio or collection of precious metals, investing in it can be expensive. The cost of platinum coins, while on the high-end of the precious metal spectrum, can be a lucrative investment. Despite the high spot price that platinum has and the fact that is more unpredictable than gold or silver, platinum can provide rapid profitability for the investor seeking a sound pecuniary investment.
3. Market fluctuations – while gold and silver do not fluctuate as much, platinum is considered to be profitable due to its market fluctuation. Platinum prices can significantly ebb and flow. This will ultimately affect the spot price. Since platinum coins are considered to be one of the more expensive types of precious metals investments, knowing the spot price before purchase can save a lot of pitfalls and problems later on.
4. The Strong Demand – in rising markets, platinum develops a noteworthy fiscal premium over other precious metal. Since this precious metal is used in many consumer goods, demand for it rose significantly making it a worthwhile investment.
5. Rarity – more rare than gold or silver, platinum, maintains its rare qualities such as costly fees, and differences with every type of platinum coin. Platinum coins are truly precious as over 90% of the platinum used comes from countries such as Russia and South Africa. Platinum is also an eco-friendly metal, which is a driving catalyst in its rarity.