Learn About the Rarity of Platinum
While many people invest in gold or silver, one precious metal that is often overlooked is platinum. Platinum is much rarer than both gold and silver — so rare, in fact, that all of the platinum ever mined could potentially fit into your home. The rarity of platinum cannot be overstated because it has a vast array of uses, particularly in industrial use, including catalytic converters, laboratory equipment and even dentistry equipment.
Some investors are comfortable buying what they know, such as gold or silver. However, investors looking for an edge know they need to look to under-tapped markets such as platinum. platinum should be considered because it offers portfolio diversity and is undervalued against the price of gold. Often it is referred to as the “Rich Man’s Gold.” The rarity of platinum is enough to give it good long-term value and APMEX’s platinum spot prices chart tracks the price of the metal over time. The value of platinum is inexhaustible in many economic markets.
Where is Platinum Mined?
Platinum mining in South Africa, or mining for Platinum Group Metals (PGM), is widespread on the African continent. So much so, that South Africa holds over 80% of the world’s reserves. The supply for platinum products is tight, due to the metal being extremely rare. Platinum is mined in very few mining deposits throughout the world and many of the uses of platinum go to the automotive industry for vehicle emissions devices.
Platinum spot prices can be tricky but the market value of these metal tracks are as fluidly as gold or silver. Though platinum does have many industrial and automotive uses, there is also tremendous value in platinum bars and rounds.
The rarity and diverse number of industrial applications of platinum make it a strong candidate for those seeking to diversify beyond other precious metals like gold and silver. Its limited supply, especially from major sources like South Africa, contributes to its value. For investors seeking to diversify, platinum bullion offers a reliable avenue and presents unique investment opportunities.
Whether you’re interested in platinum coins or seeking security through platinum bars and rounds, APMEX provides a variety of options to suit different investment strategies. Platinum’s unique characteristics and its ability to retain value amidst market fluctuations make it an appealing choice for investors. As you learn about the rarity and mining of platinum, consider the benefits of adding this precious metal to your portfolio through APMEX’s selection of quality platinum bullion.
