Platinum is a precious stone, which over the centuries been used as jewellery and as a measure of wealth in the era of barter trade. The name platinum is a derivative from Spanish term ‘Platina’ that loosely translates to ‘small silver’. The white stone is relatively scarce and this makes the stone more valuable compared to other precious metals. Platinum in comparison to other precious metals like gold, silver, and diamond has a shorter trading history although the short trading period; the results are promising.
Why invest in Platinum?
- Platinum has better price performance. In the recent one decade, the platinum market price has risen due to the last decade unfavourable economic times, which led to global inflation rates going up. People turned to precious stones, and this led more people investing in Platinum in the form of bars as well as valuable ornaments made of platinum to retain the value of money. This scenario was due to inflation and money value affected.
- It is a scarcer commodity in comparison to other precious stones like gold and silver. A more significant percentage of this rare product comes from Russia and South Africa. The cost of refining the ore is also relatively expensive in terms of energy used and the complexity. When subjected to market forces, this translated to better prices. The natural deposits are not renewable, and hence the current scarcity of the precious stone is subject to raise.
- In the recent past, the precious stone has continued to grow in demand in investments as well as industrial manufacture of valuables. More people are opting to wear ornaments made from platinum as well as investing in platinum bars and physical coins. This trend of demand is not likely to stop due to stability in the value of platinum.
Platinum prices in the past one year have been relatively low and financial experts unanimously agree that this is the perfect time to invest. Economic analyses consistently agree that the future of platinum is better and worth funding. The prices of both platinum coins and bars is expected to rise due to fashion trend of owning platinum jewellery as well as South African deposits continues to get less.
Indigo Precious Metals Company provides an all-around platinum buying, delivery after buying and storage. The company has the best support of professionals who take the potential investor through the process of investment. Apart from that, Indigo Precious Metals is fully secure.