According to the announcements of various banks, the reason for suspending the opening of platinum and palladium accounts is that the international platinum and palladium prices have fluctuated frequently and violently recently.

The daily turnover of the exchange is over several hundred billion, and its international status is improving year by year. Moreover, the exchange was established with the approval of the State Council and protected by national laws, so it will not go bankrupt.

There is no market at present.

The reserves of platinum are much less than gold, and the density of platinum is high, so it is much more difficult to refine or process it than gold.

The rarity and manufacturing technology of platinum are the reasons for the high added value of platinum jewelry. In fact, a large part of the price consumers buy platinum jewelry is to pay for the production process, so the platinum premium is high and the investment cost is high. The mobility of physical precious metals is generally poor, especially platinum jewelry.