Is platinum a good investment in 2021?

Written by Patrick Shick

Will platinum prices Go Up in 2021?

Platinum outlook 2022: Price forecast moving forward.

What will 2022 platinum be worth?

The bank’s platinum price prediction is bullish for the long-term, rising from $1,100 an ounce at the end of March to $1,300 by the end of 2022 and $1,375 by the end of September 2023.

Is it a good time to invest in platinum?

Chances are very good that in calendar year 2022 or beyond, the trading price of platinum is going to bounce strongly back, because the demand for the metal is not going to go away. Even though there is a surplus available now that is depressing prices, that is likely to change.

Is there a future for platinum?

The WPIC said the roughly 8 million ounce a year market was oversupplied by 1.23 million ounces in 2021 and . It said supply of platinum rose by 21% last year, while demand fell 9%.

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What will platinum be worth in 10 years?

The site’s platinum price prediction says it will get to . The following year 2024, should end with platinum worth $1,626. The platinum price forecast for the end of 2025 is $1,854, while for year-end 2026 it sits at $2,223.

Is platinum undervalued?

Platinum is “heavily undervalued compared with its 1-for-1 autocatalyst substitute metal palladium—and against gold.”

Will platinum prices Increase?

According to Wallet Investor’s long-term estimate, platinum is expected to trade in the $1,000-$1,200 area in 2022 and 2023, then break out of the range to trade above $1,300 by the end of 2025. .

What is a better investment gold or platinum?

Some investors may want to prioritize stability and long-term investing. In that case, gold is likely the better option . The precious metal has a longstanding history of reliable demand which often spikes during economic downturns. On the other hand, platinum usually performs better during times of economic growth.

Why has platinum lost value?

Platinum’s main use is in catalytic converters, and this is projected to fall in the coming years as regulations change and electric cars rise in popularity . It has basically meant that platinum has struggled to find a bid.

Is platinum hard to sell?

This is because platinum provides a sturdy grip for diamonds and gemstones to keep them in place. Unfortunately, when the jewellery is still embedded with stones, it cannot be easily sold . The stones need to be removed to sell the platinum as a scrap precious metal first.

Will platinum be worth more than gold?

Platinum: Despite being nearly identical in appearance, platinum is more valuable than gold . Platinum’s high price point can be attributed to its rarity and density as precious metals are often priced by their weight.

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What is the future price of platinum?

Platinum is expected to trade at 916.35 USD/t oz . by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 853.00 in 12 months time.

Is platinum more expensive than gold 2021?

Platinum: Despite being nearly identical in appearance, platinum is more valuable than gold . Platinum’s high price point can be attributed to its rarity and density as precious metals are often priced by their weight.

Why are platinum prices going up?

The increase in supply came as . The WPIC said that automotive demand last year increased 11%, industrial demand rose by 27% and jewelry demand increased by 5%.

Are platinum prices down?

as demand continues to grow – WPIC | Kitco News.

What is the highest price platinum has ever been?

about $2,270 per troy ounce

Which precious metal is most undervalued?

But then, true to form, silver followed its destiny in its role as a safe haven asset, moving towards the upside and continuing its upwards trajectory until this day. Silver is often undervalued. Silver is always more volatile than gold.

Is platinum bullion a good investment?

Platinum is also rarer and harder to mine than gold since it is found deeper in the Earth’s core. This combination of short supply and broad demand should make for a lucrative investment opportunity, but investing in platinum is not for the faint of heart .

What affects the price of platinum?

The price of platinum changes along with its supply and demand ; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling

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Why are platinum shares falling?

Platinum Asset Management Ltd.’s shares fell in Thursday trade after missing consensus expectations for its first-half earnings . Shares of the Australian fund manager slid 7.5% to A$2.40.

How do you invest in platinum?

To gain exposure to the metal, investors may purchase platinum bars or coins, platinum futures contracts, or shares of platinum mining companies . Another option is a platinum exchange-traded fund (ETF).

Is platinum a money?

Platinum has never practically served as money (except for a short period in Russia, where platinum coins were used as a regular national currency), but it is used an investment. Because it is a precious metal, platinum often trades directionally with gold.

Can you pawn platinum?

Can platinum be pawned? Yes, you can pawn platinum just like you can pawn any other thing of value. That said, if you would like to pawn your platinum it’s important to find a reputable pawnshop that will give you a fair price for your metal.

How much rarer is platinum than gold?

Platinum is 30 times more rare than gold. If all the platinum ever mined were melted and poured into an Olympic-sized pool, the platinum would barely reach your ankles.

Why is platinum rarer than gold?

For starters, gold is far more abundant in the earth’s crust , making platinum rarer. Whilst 1,500 tons of gold are mined annually, only 160 tons of platinum are extracted.

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