Why Is Platinum Cheaper Than Gold?
Owning precious metals like gold and silver is a prudent solution when you want to get the most out of your long-term investments. However, more people are looking toward platinum products as an alternative way to enhance their portfolios.
Unlike fiat currency, platinum shows resilience during an economic downturn. Why is this precious metal so attractive to many investors, and what can you do to obtain it?
What Affects the Price of Platinum?
Because many modern industries depend on platinum as an essential ingredient in their products, numerous factors influence its value.
The first factor to consider is the available supply of this precious metal. Most of the world’s platinum supply comes from South African mines. However, political developments and worker strikes often put the stockpile at risk….