Platinum generally receives less attention from investors than other precious metals, but it is rarer than gold or silver. The metal’s physical characteristics have made it important for a wide variety of industrial applications. Its resistance to corrosion, for example, makes it ideal for use in automobile catalytic converters. This use alone accounts for about 50% of its usage. In addition, it used in electronics and fuel cells. The petroleum industry uses it in the cracking process in oil refineries. And of course, platinum is used extensively in jewelry [for more platinum news and analysis subscribe to our free newsletter].
Although not as popular as its precious metal competitors gold and silver, platinum has surely made a name for itself in the investing world. This rare metal is one of the most expensive exchange-traded metals on the market and has been catching investors’ interests thanks to its wide variety of uses. Platinum is best known for its use in the automobile industry: half of the supply of platinum goes towards creating emission control devices for automobiles [for more platinum news and analysis subscribe to our free newsletter].
The six metals of the platinum group are some of the least abundant of Earth’s known elements, occurring in close association with one another, and where nickel and copper are found. Of the platinum group metals (known as “PGM”), platinum and palladium are found in the largest quantities and are the most economically significant. Less than ten significant PGM mining companies exist; South Africa is the largest producer, followed by Russia and North America.
Platinum is one of that rarest metals on earth, making it a solid member of the precious metals family. Though it does not get nearly the attention that its counterparts gold and silver receive, platinum is still one of the more popular commodities for investors as well a number of industries. About half of the world’s supply of the shiny metal goes towards emission control devices for automobiles; as a catalyst it allows for the combustion of unburned hydrocarbons from the exhaust into carbon dioxide and water vapor, though it also appears in thermometers and dental tools. For those looking to stay up to date on platinum futures and the commodity’s overall environment, we outline five blogs to help give you a leg up on this hard asset [see also Ultimate Guide To Platinum Investing.
Trading platinum has become a lucrative opportunity for investors as this precious metal has quickly become one of the most popular assets in the world. With its heavy use in the industrial world as well as its relatively volatile supply chain, platinum makes for an ideal trading instrument (although it can certainly be used as a part of a long-term strategy) for those who can stomach futures exchanges. One of the best ways to stay on top of platinum markets and trends is to utilize Twitter. It may be difficult for some to view Twitter as a viable source for trading info, but there are a number of professionals who aim their tweets at keeping their followers in-the-know. Below, we outline seven must-follow platinum Tweeple to give you the best information for your commodity trades [see also Jim Rogers Says: Buy Commodities Now, Or You’ll Hate Yourself Later].
Platinum, one of the more industrious precious metals, has become a popular trading instrument in recent years, as investors have seen the benefits of making a play on this hard asset. Platinum’s uses span from catalytic converters to thermometers and even dental equipment. Given its heavy dependence on an emerging market, South Africa, as far as supply is concerned as well as its massive presence in the industrial world, trading platinum futures has become an ideal play for a number of active investors. Below, we outline the best ways to trade these contracts as well as some helpful tips to help you stay ahead of the platinum curve [see also Ultimate Guide To Platinum Investing].
Platinum, one of the rarest elements in the world, is among the most popular commodities for investors and traders. As a member of the precious metals family, platinum offers a compelling long-term hold as something of a safe haven, but it also can be used as an effective trading instrument given its high liquidity as well as volatile supply chain. Platinum is generally obtained as a byproduct of nickel and copper mining and annual production is only a fraction of the gold and silver mined, making the metal more coveted and far more rare. Just how rare is platinum? It is estimated that all of the platinum in the world could fit into a cube that is roughly 20 feet on every side. As this hard asset continues to grow in popularity, we take a look at four price drivers that demand attention from traders and investors alike [see also … See the full story here →
Platinum is one of the rarest metals on earth, found in even smaller quantities than silver or gold. Though it receives less attention from investors than other precious metals, platinum is an interesting option because it is used widely in a number of industrial applications; most notably, this metal is a key component of automobiles. There are a number of different options for investing in platinum, including exchange-traded futures contracts, stocks of companies engaged in the extraction and sale of the metal, and both physically-backed and futures-based exchange-traded products.