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Monday, 22 April 2013

To Invest in Platinum or Not to? That is the Question

By Sienna Nalin


The non-existent metals are the ones you want to invest in because their value will be much higher since more people will want to get their hands on it such as platinum. Platinum is planned to do much better than gold. As it is the prices are already neck and neck. (Image by Cayusa via Flickr)

In economic times both good and bad, usually gold is the go-to precious metal, but in recent years platinum has quietly gained in value, and jewelry store owners are taking notice.

With people paying more attention to precious metals in the recent years, they are seeing how rare platinum is since there is so little of it.

Platinum has literally tripled in value from years ago. The price of platinum is currently near two thousand an ounce. Incredible right, and that is as off February. Gold is right behind that in price.

Confer added that although gold's value isn't going anywhere, she thinks platinum will continue to gain in value.

When investing it's about getting what is scarce and precious, so platinum is definitely that compared to gold.

Platinum has many uses such as jewelry, but it is also getting some fame in the automotive industry.

With what I'm about to tell you I don't recommend doing at all, but since platinum is becoming a thing in the automotive industry for certain car parts, people are extracting these parts from cars because of their value.

...More at Platinum Popularity Rising

If you are an owner of platinum, I wish I were you right now. The value of it is ridiculous and it is safe to say I think we all want some platinum especially with knowing that the prices are already past gold and will continue to grow.




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