We can predict that when the year 2020 ends, you are going to thank us. With silver currently trading for only about $18 on the London Fix, you could be thinking that this would be a good time to forget about investing in it in the year 2020. Historically, its price has been above that of gold, though gold has outperformed platinum in recent years. gold, palladium). Experts posit that platinum is about 15–20 times scarcer than gold, on the basis of annual mine production. Since 2016 it hasn’t risen past $20, but we can hope it will grow in 2021 or beyond and hopefully surpass $30. These three factors will determine whether the prices for platinum and palladium will go up or down. We process gold, silver, platinum, palladium and rhodium from jewelry scrap, electronic scrap, catalytic converters, platinum thermocouple wire and more. You can go hunting for platinum scrap for a long time and find very little of it. The use for gold is mostly in currency (bars & coins), jewelry, and investing. Platinum, used widely in vehicular catalytic converters and for jewelry, isn't quite as major an investment metal as gold or silver. So that's the underlying ownership fundamentals of platinum. This is another $1 million question. Durability. Gold enjoys a good market share in the investment market. I hope these have answered some questions you may have about investing in platinum for your retirement. Silver is a softer metal and is susceptible to corrosion. Although there are slight differences between silver vs. platinum vs. palladium, they are all tangible commodities that generally hold their value. Platinum has been documented as far back as the 16 th century when Spanish conquistadors stumbled upon mines of platinum in South and Central America. You will make $100. If you buy $100 worth of scrap for $90 and profit only 10%, you are only going to make $10. More than 75% of global platinum is mined in South Africa. Palladium is a precious hard metal that resists corrosion. What Is Platinum? Silver. Historically, its price has been above that of gold, though gold has outperformed platinum in recent years. Gold is the granddaddy of precious metals, at least from an investment perspective. At first glance, platinum, silver and white gold look virtually interchangeable. While we get the domestic price of gold and silver every 10 minutes, getting that for platinum is difficult,” says Hasmukh Bafna, President, Gold Chains & Jewellery Wholesalers Welfare Association. 3. Platinum does not enjoy a market share like gold. Read The Balance's editorial policies. The most common answer to that question is almost always something like this . Follow Twitter. And the fact is, materials that contain silver are just about everywhere. There are a few different ways to include silver in your investment portfolio. 1. Palladium is more dependent on industrial applications than platinum. As precious metals go, platinum bullion and palladium bullion lack the attention and regard that gold and silver get. PLATINUM 2. That’s the only reason why we do this research, and why we publish this platinum price prediction. Palladium is similar to platinum and shares many features, but is darker in color. The price of platinum vs. gold or silver; Reasons for investing in platinum; 1. If it's the financial system you're worried about, investing in gold or silver is a better way to express that concern. Also, due to the relatively tiny supply, the prices of these metals tend toward volatility, making them less than ideal for casual investors. As said many times analyzing the precious metals space always starts with the gold trend. It also took platinum investing to a 32-year high of 18.2% in terms of the metal's total net demand. Get smarter about recycling and refining Gold, Silver, Platinum, Palladium, Rhodium and Electronics scrap. But other precious metals such as platinum and silver have their own place in a savvy investor’s … Coins and bullion weren’t produced until the 1970s (in the U.S., there was no official platinum coin until 1977) when the platinum 1 oz coin with the American Eagle was first presented. Silver is usually in the basket with gold and other precious metals because it tends to maintain its value. While gold is still the preferred vehicle as a hedge against fear, silver has a growing appeal as a safe haven. Similar to gold and silver, platinum is purchased and sold as a commodity all across the globe. Another attractive feature of saving and investing in bullion bars and bullion coins is that investment grade gold, silver and platinum bars and coins are exempt from Singapore’s Goods and Services Tax (GST). Today is Monday 20th August 2018 and we are discussing silver vs platinum, how they compare, the size of the market, their uses and whether one offers a better investment … Palladium is mostly used in the automotive industry for gas-powered engines. Prices for metals can drop during market crashes. Platinum also has poor resale value as only a limited number of shops buy it back. The primary differences are that silver stands out as the most common precious metal, but it is susceptible to corrosion and scratches. They are tangible assets with intrinsic value. This is due to a number of factors, including its rarity, higher levels of purity when used in jewelry, and the complex level of expertise and tools required when crafting jewelry from platinum. . Compared to silver and palladium, platinum has a shorter investment history, but that doesn’t mean it’s not a great investment opportunity. However, platinum is considerably rarer than gold and silver, and also has industrial uses. The analysis presented below is based on technical analysis using previous significant highs, and Fibonacci extensions. Experts predict that demand for precious metals is predicted to surpass supply by 2021. Precious metals such as gold, silver, and platinum are valued by many investors as a hedge against inflation or a safe haven in times of economic turmoil. Therefore, platinum coins shine brighter than any other precious metal in the industry. However, platinum is considerably rarer than gold and silver, and so scarce that some say the entire amount of metal ever mined might fit in a large living room. So it shares no common drivers with gold, and there's really no reason why platinum should be more expensive than gold. And it can be done, if you remember to look for the right kind of scrap to invest in. As a result, precious metals are one of the best options against economic outbreaks that throw the market into unpredictability. While at first glance both silver and platinum appear silver in color, the two metals are actually easily discernible to the naked eye. For example, if gold mining ceased today, the gold supply would last for nearly twenty-five years. Platinum Platinum, used widely in vehicular catalytic converters and for jewelry, isn't quite as major an investment metal as gold or silver. Platinum as an investment has a much shorter history in the financial sector than gold or silver, which were known to ancient civilizations. The total supply of new silver each year is close to 1 billion ounces. Investment potential of platinum and palladium seeking alpha gold to palladium ratio kitco news moment of truth for palladium june 13 2019 a palladium prediction of 5000 by 2020 possible or not platinum prices vs gold macrotrends gold price latest is palladium more valuable than. Learn Why Everyone Should Own Real Gold & Silver. After all, if you can buy a chunk of gold or any other metal for its current trading price, wait six months, and then sell it for more, then you have made a good investment. The chart below shows the daily gold vs platinum chart, representing platinum value vs gold value over the past 5 years. However, platinum is considerably rarer than gold and silver, and so scarce that some say the entire amount of metal ever mined might fit in a large living room. Both are members of the precious metals’ PGM family, but they vary in terms of price and composition. If you can buy a lot of silver, you can profit a lot in silver. Palladium is common in industrial uses due to its lower price point. ETFs are a convenient and liquid means of purchasing and selling gold, silver, or platinum. So our advice to you is, buy scrap and send it to us to be tested and processed. Platinum coins have unique patterns and designs and will keep their details longer than silver or palladium coins. Similar to gold and silver, platinum is purchased and sold as a commodity all across the globe. Comparison of Platinum vs. Palladium. Want to know more? Like silver, platinum is also traded on global markets. Recently, platinum has become popular as a bullion investment product, especially in the form of platinum rounds and bars. If you buy a lot of old gold-plated items like jewelry, eyeglass frames or collectible medals, for example, you can literally buy low and sell high. We can summarize the rule this way. However, compared to gold, it hasn’t surpassed the most valued metal, despite being infrequent. But our experience shows that other considerations factor into whether you can profit by buying precious metals and selling them later on. By the time of writing this article, silver was trading at 14.18 with a spread margin of 0.1 (-0.42%) against gold’s 1,201.40 at spread margin of 1.00 (-4.70%). Read The Balance's editorial policies. Compared to platinum, it is more abundant in nature, and it is one of the most durable elements. The chart below shows the daily gold vs platinum chart, representing platinum value vs gold value over the past 5 years. Either way, owning precious metals never goes out of style. Have you experienced investing in other precious metals like gold and silver? Not worth it, you say? Investing in bullion coins is the most popular way to invest in silver. Both have gray undertones, unlike white gold which has a warmer, yellow undertone, but platinum is much brighter and shinier and silver has a duller, gray appearance. Based on the elements in this article we conclude that the likelihood in which platinum will make a major move is increasing exponentially as 2021 kicks off. Let's get the differences in appearance addressed first. An incredibly dense precious metal, platinum is resistant to scratches. Palladium was only discovered in 1803, and it is a relatively rare silver-colored metal that is about 15% denser than silver. Those who don’t mind the constant ups and downs in prices find these metals quite attractive. You will buy it at its current price and if you want to sell it in six months, chances are very good you are only going to get about what you paid for it – or maybe a little more if the price of gold suddenly mushrooms. The spot prices of platinum and palladium, on the other hand, are determined by the jewelry demand, auto industry, and investment demand. He has almost 35 years experience on Wall Street. We break down the pros and cons between buying platinum, silver and white gold to help you pick the right … Investors should expect the platinum and palladium price per ounce to increase. As today’s world is full of uncertainties, experts speculate that silver will play a role in the future, when the prices are expected to go up. The Demand Of These Three Metals. Comparison of Platinum vs. Palladium. History: People have been using gold as an investment since a long time, and hence, they find it easy to trust this metal. It is also mixed with gold and other metals to create “white gold” jewelry pieces. And if you buy scrap that contains $10,000 worth of precious metal . But other precious metals such as platinum and silver have their own place in a savvy investor’s portfolio. You can buy quantities of the precious metal outright and sell it at any time. In times of turmoil and uncertainty, many people look to invest in safe currencies and precious metals. Platinum’s use in coins is relatively new. Every investment move comes with risks, and being familiar with them will help you decide which metal is best to invest in. So that's the underlying ownership fundamentals of platinum. Aside from silver bullion and coins, some people also invest in paper silver, available in the form of certificates and ETFs. As year 2020 begins, a lot of people have been asking whether platinum, gold, silver or some other metal will turn out to be the best precious metal investment in the months ahead. History: People have been using gold as an investment since a long time, and hence, they find it easy to trust this metal. Whenever there are times of economic or political uncertainty, you might see a sudden increase in metal demand. So, where are platinum and palladium prices headed? By the time of writing this article, silver was trading at 14.18 with a spread margin of 0.1 (-0.42%) against gold’s 1,201.40 at spread margin of 1.00 (-4.70%). Platinum & Pallaium Investing. These differences can supercharge your portfolio—or make it a victim. And as we observed just above, buying scrap in large quantity is one of the secrets of making money in any precious metal. But we don’t expect that to happen, and neither do any other experts we know of. Platinum Vs. Gold ••• Rost-9D / Getty Images By. 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