Platinum bars offer some advantages over their precious metal counterparts. Compared to platinum coins, platinum bars have a lower premium than spot prices, taking your investment even further. Platinum also compares well to gold and silver for a couple of reasons. Platinum ETFs, like gold ETFs, are best suited for more experienced investors because they have slightly different factors, risks and benefits from those of physical platinum bars and coins.
In addition to being a precious metal such as gold and silver, platinum is widely used in the automotive and jewelry industries and has an increasing importance in green technologies. In any case, there is one issue that cannot be ignored and that will affect all investments in physical platinum, and that is the great differential that this entails and is the case with all investments in physical precious metals. The vast majority of the world's platinum comes from South Africa, with Russia being the second largest supplier of this metal. Platinum can be an interesting investment for those who want to increase their exposure to precious metals in their investment portfolios, due to its exceptional characteristics such as precious metal, industrial metal and green metal.
The rarity of platinum gives it long-term value, making it a good investment option for those seeking to diversify their portfolios with precious metals. There is no doubt that something can be said about this preference and, especially if you have platinum or another precious metal in your possession, it offers additional security and, especially, perceived security more than simply speculating in the platinum market or owning shares in a platinum reserve, or even buying unallocated platinum, none of which are in your possession or directly linked to you. As a rare precious metal, platinum is popular with those who want to diversify their investment portfolios. In general, the range of physical platinum products for investment tends to be smaller than that of other metals such as gold or silver.
Platinum is one of six metals in the platinum group (PGM) that also include ruthenium, rhodium, palladium, osmium and iridium. Thanks to the many products available to retail consumers and investors, adding platinum to your precious metals portfolio is easy.