Including all three precious metals in a portfolio provides greater diversification within the precious metals asset group, and offers reduced volatility, as each metal has unique economic properties.
All three metals have a history of money. While gold and silver have been used as money for thousands of years, platinum too has served as an economic store of value. Platinum is the more industrial metal of the three and is least recognized for its monetary properties.
Platinum has many more industrial uses than gold or silver. Unlike gold, over 50 percent of the platinum produced is consumed (destroyed) in industrial applications. Platinum is indispensable for many industrial uses, such as catalytic converters in diesel engines. As the oil price increases, demand for diesel engines increases, and so does demand for platinum.
Is it too late to invest in platinum? We at BMG say no. As the economic problems around the world continue to manifest, more and more people are identifying that precious metals are the ultimate safe haven asset. Quite simply precious metals are the best way to secure wealth and protect portfolios from the ongoing currency debasement .
To read Sasha Cekerevac article: Investors – Should you Consider Platinum?
- Platinum and Palladium Should Not be Forgotten (bmgbullion.com)
- Should You Consider Platinum? (wallstreetpit.com)
- Much Ado with Gold: Why Platinum is Changing the Investment Mindset (ibtimes.com)
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It’s a black or white issue: Either you own uncompromised bullion bars for which you have title documentation that are stored in secure allocated storage, or you have an unallocated account that can be settled in cash at the issuer’s discretion. Continue reading