Today, investing in precious metals such as gold and silver is becoming a trend. The reason why people have turned to this venture is because of the instability and unpredictability of the stock market. Granted, you can earn millions while investing in the market. However, there is also an equal chance that you will lose the same amount. For this reason, more and more people are venturing into buying gold and silver because such precious metals are widely considered more stable investments. If you are interested in this kind of venture, platinum buying is also one thing that you should consider aside from gold and silver. We at My Gold Buyer, a company based in San Bruno, CA, can give you more reasons as to the benefits of acquiring platinum.
For one thing, platinum is considered a much rarer metal than gold. For every 30 pieces of gold, for example, there is only one piece of platinum. This is why platinum is said to be the rich man’s gold. At present, there are only 135 tons of this metal mined, and thus, platinum is usually traded at a premium compared to gold. There was even a time in recent history when it has outperformed gold.
The demand for this white metal is also constantly growing. In the automotive industry, there is already much demand for platinum, with the metal being used to make catalytic converters, which help to reduce the toxicity of fumes that are emitted from internal combustion engines. Because this metal is more durable than gold or silver, this makes it a much-coveted metal in several parts of the world like East Asia.
Its worth will only be rising in the coming years, and you would do well to jump on the bandwagon while it’s still early. Take advantage of our platinum buying services for an investment that will be worth it in the long run.