Platinum
Properties
| Name | Platinum / Platinum |
|---|---|
| Price | ... |
| Highest price | $49,45 / oz (1980) |
| Production | South Africa, Russia, Zimbabwe, Canada, |
| Produced in 2021 | 180 tons (5,8 million oz) |
| Areas of application | |
| Automotive industry (catalysts), Jewelry, Petrochemicals, Dental technology, Medical equipment, Electronics, Telecommunications, Chemistry, Fertilizers, Explosives, Aviation | |
Price history
For years there has been an increasing demand for platinum. The price is mainly determined by the demand from the automotive industry. Platinum is used here to comply with the stricter environmental requirements regarding the emissions of cars and their production. In addition, there is traditionally a high demand for platinum for the manufacture of jewelry.
Investing in coins
Platinum coins can be a better investment compared to platinum bars. Platinum coins are sold at margin and without taxes. The margin represents the portion that the selling party earns from the sale of the coins. The government sees the currency as legal tender and therefore does not charge taxes.
Invest in bars
Platinum bars are less interesting as an investment in some countries due to the fact that VAT has to be paid on them. However, there are options to buy the product in some stores, but have it stored abroad. With large investments, the purchase of platinum bars is therefore still interesting because the margins are sharper that way.
