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Is Gold Better Than Platinum as an Investment?

By    |   Monday, 15 June 2015 04:37 PM

Gold is often used as an investment for a hedge against inflation or an economic downturn. Other precious metals offer similar safety in investing, and platinum is among the precious metals that benefit from increasing industrial production in a global economy, according to Investopedia. The result is that platinum provides an investment for an improved economy as well as for security during financial turbulence.

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Platinum is not only used for jewelry products, but it also is found in auto production as vehicles become more dependent on high-tech operations. The precious metal becomes valuable for materials and facilities used in shale oil and gas exploration, which is a growing industry in the United States and the world. As these industries continue to rise in the global economy, platinum will have a higher demand.

As with gold, silver and other precious metals, investors can get a piece of platinum through exchange-traded funds, or ETFs, which hold the metals for investors.

The purchase of gold or platinum also depends on the price of these precious metals and an investor’s desires. An investment in gold works when gold prices drop, and buying platinum may have an advantage when it sells at discounted prices.

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Platinum is usually the more expensive of the two precious metals, according to Life123.com. The expense of platinum makes it a valuable investment. Gold might make a better investment if you don’t have a lot of money to invest. You can invest in both if you have the financial ability to diversify your investments with various precious metals.

Platinum is a more valuable investment than gold because of its rarity. It is 30 times more rare than gold, according to Carey. About 160 tons of platinum are mined each year, compared to 1,500 tons of gold, according to the Huffington Post.

New technology can make platinum an even better investment with rising values because of the auto and fuel exploration markets throughout the world. Investors need to analyze the price factors of gold and platinum before making a decision because timing and economic conditions come into play when investing in either of the precious metals.

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Gold is often used as an investment for a hedge against inflation or an economic downturn. Other precious metals offer similar safety in investing, and platinum is among the precious metals that benefit from increasing industrial production in a global economy.
gold, platinum, investment
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2015-37-15
Monday, 15 June 2015 04:37 PM
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