Your Precious Metals Journey Starts Here
Platinum
HISTORY AND DEMAND
When it comes to precious metals investing, gold and silver are typically the first to come to mind, often times platinum gets ignored. Platinum is well known for its use in jewelry, however it also has a presence in other goods, to list a few catalytic converters is a major one along with O2 sensors, laboratory equipment, electrodes and electrical contacts, dentistry equipment. Most demand comes from catalytic converters and catalyst, which clean unhealthy poisons before they enter the air we inhale. It is an extremely rare metal, to put it into perspective all platinum ever mined throughout the entirety of history would fit inside a small home. When it comes to supply, gold is 18 times larger, silver is 130 times larger, and palladium is 1.15 times larger. Like gold, platinum is less volatile compared to the silver and palladium markets.
More than 40% of annual demand is used in the catalyst industry, followed by jewelry at over 30%, and the remainder goes toward other industrial uses and investments