In recent years, ornaments made of white gold have accounted for an increasing share of the jewelry market. Platinum jewelry seems to be replacing gold.
Platinum (platinum), as a metal with investment value, is a latecomer among precious metals such as gold and silver.
Platinum can be used as both an investment metal and a store-of-value metal. Its industrial use and rarity determine that it has become a hot spot of attention.
More obvious than gold is the large industrial demand for platinum. The turbulence of the world situation, panic caused by inflation, the rise and fall of the US dollar and other factors have a great impact on the price of platinum.
Due to the influence of various factors. Investing in platinum is very different from investing in gold, so investors cannot view the brothers in the same light. But you must master the following common sense:
1. Platinum is rarer than gold.
The annual production of platinum is less than one-fifth of gold production. Therefore, it can also be compared like this, gold with large circulation is like blue chip stocks in the stock market. But platinum is a "high-priced stock" with high trading volume. When you understand this factor, you can imagine that the price of platinum will fluctuate greatly when supply and demand change significantly.
2. Platinum has more industrial uses than gold.
As Japan and the United States are major industrial countries, they account for 80% of the global platinum industry consumption. In the United States, platinum is considered a "strategic material." As a result, changes in industrial demand will have a far greater impact on platinum than gold.
3. The prices affect each other, but platinum is "usually" more valuable than gold.
Since the early 1980s, due to the slowdown in industrial demand in the United States, Japan and other countries, the price of platinum once fell and was lower than gold, but this situation is not common.
The price trends of gold and gold often develop in a balanced manner. Often when one price rises first, the other will follow suit. This is something investors should pay close attention to.
In early 1980, the price of platinum reached a historic peak as the price of gold soared, becoming $400 more expensive than gold per ounce.
Due to its small quantity, platinum’s circulation is often not guaranteed.
The investment channels for platinum are narrower than those for gold. Gold includes gold nuggets, gold bars, gold jewelry, and gold artwork, while platinum currently only has gold jewelry. Therefore, investors have less choice, which is something investors should pay attention to. In addition, investors should also pay attention to the following issues:
1. The amount of funds required for platinum investment is higher than that of gold.
2. Investing in platinum, like investing in other precious metals, cannot bring regular returns. Its only chance to make money is market appreciation.
3. Platinum investment and financial management has a short history, only in the past twenty or thirty years. Whether platinum can resist inflation has not been tested by history, and investors should be mentally prepared.
4. Platinum has a wide range of industrial uses and is a rare metal. If investors want to invest in platinum for financial management, they can include it in their long-term investment and financial management plans:
5. Platinum is not only rare, but also It is extremely difficult and costly to extract, and its producing countries are limited, so investors do not have to worry about an oversupply of platinum.
6. Since the prices of platinum and gold influence each other, investors can pay close attention to the trend of gold. When gold rises sharply and platinum lags behind, they should immediately buy platinum for short-term speculation.
7. When investors believe that the price of platinum is low relative to gold, they can first purchase platinum futures contracts, and then sell a corresponding number of gold futures contracts for the same period to earn the price difference between the two.