143:
127:
17:
135:
96:; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices. Platinum price peaked at US$ 2,252 per
38:, which were both known to be used as money in ancient civilizations. Experts posit that platinum is about 15–20 times scarcer than gold and approximately 60–100 times scarcer than silver, on the basis of annual mine production. Since 2014, platinum prices have fallen lower than gold. Approximately 75% of global platinum is mined in
113:"XPT". When settled in United States dollars, the code is "XPTUSD". As the cost of platinum per ounce fell, the cost per ounce for other metals in the platinum group - especially palladium - rose strongly. As of November 2022, palladium sits at around US$ 1900 per ounce, compared to US$ 980 for platinum.
65:
production totals approximately only five million troy ounces (160 t) a year. In contrast, gold mine production runs approximately 82,000,000 troy ounces (2,600 t) a year, and silver production is approximately 547,000,000 troy ounces (17,000 t). That being so, platinum tends to trade
104:
mines). It subsequently fell to US$ 774 per troy ounce ($ 25/g) in
November 2008. As of 21 November 2022, the platinum spot price in New York was $ 980 per ounce, compared to $ 1,742 per ounce for gold and $ 20.84 per ounce for silver. Platinum is traded in the
226:
offer platinum accounts where platinum can be instantly bought or sold just like any foreign currency. Unlike physical platinum, the customer does not own the actual metal but rather has a claim against the bank for a certain quantity of metal.
213:
Jewelry has long been a store of wealth in countries such as India, but this method of holding value to pass on to one's heirs has also seen popularity in Europe as well as the United states beginning in the late 2010's.
235:
Another investment option is to create a futures contract where a predetermined time and place is designated to buy or sell the platinum. Unlike options, the transaction is an obligation, and not a right. The
252:
Other ways of investing in platinum include owning shares in mining companies with substantial platinum assets or exposure, owning traded options in platinum (only available in the US market).
197:
are another way to invest in platinum, although relatively few varieties of platinum coins have been minted, due to its cost and difficulty in working. Since 1997, the
616:
586:
420:
735:
564:
642:
730:
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74:
374:
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244:(TOCOM) trades in platinum futures with a minimum contract size of 50 troy ounces and 500 grams respectively.
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in March 2008 driven on production concerns (brought about partly due to power delivery problems to
740:
241:
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are available from different foundries in different sizes, like 1 oz, 10 oz, 1 kg.
517:"Silver PRICE Today | Silver Spot Price Chart | Live Price of Silver per Ounce | Markets Insider"
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439:"Spot Price Charts – Silver Spot Prices,Gold Prices,Platinum Prices,Palladium Prices"
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Information about
Platinum as a commodity from New York Mercantile Exchange
406:
378:
190:
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39:
698:
610:
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468:"Platinum Prices | Platinum Price Chart History | Price of Platinum Today"
142:
650:
643:"3 golden rules for buying jewelry you can wear — and resell at a profit"
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223:
175:
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97:
16:
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54:
50:
134:
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182:) available, some of which are inverse to the price of platinum.
62:
35:
78:
31:
703:
357:"Buy Platinum Jewellery at Different Price Range in India"
77:. To be saleable on most international markets, platinum
672:"Platinum Jan '19 (PLF19) Futures Profile - Barchart.com"
23:, the official platinum bullion coin of the United States
312:"Platinum v/s Gold – Historical Price Comparison Chart"
492:"Spot Gold Price Per Ounce | Price of Gold Per Ounce"
413:
541:"Platinum Price in USD per Troy Ounce for Last Week"
407:"Futures & Options Trading – Brands of platinum"
89:
in a manner similar to the way gold and silver are.
565:"ETF Securities to sell Platinum, Palladium shares"
717:
92:The price of platinum changes along with its
589:. Platinum ETF. May 15, 2012. Archived from
121:
614:
423:. The Speculative Invertor. Archived from
185:
30:is often compared in financial history to
208:
141:
133:
125:
15:
718:
640:
329:
327:
116:
336:"How to trade platinum and palladium"
333:
704:London Platinum and Palladium Market
282:London Platinum and Palladium Market
75:London Platinum and Palladium Market
324:
13:
617:"The Investment Case For Platinum"
567:. Commodity Online. April 27, 2010
393:"London/Zurich Good Delivery List"
14:
752:
736:Commodities used as an investment
692:
514:
334:Louth, Nick (16 December 2011).
664:
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557:
533:
508:
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375:"Futures & Options Trading"
460:
431:
399:
385:
367:
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150:Platinum is traded as an ETF (
1:
731:Precious metals as investment
297:
178:There are also several ETNs (
238:New York Mercantile Exchange
71:New York Mercantile Exchange
7:
587:"Platinum ETF and ETN list"
521:markets.businessinsider.com
255:
217:
66:at higher per-unit prices.
45:
10:
757:
287:Palladium as an investment
230:
69:Platinum is traded on the
267:Diamonds as an investment
247:
28:Platinum as an investment
615:Michael Preiss, Rainer.
242:Tokyo Commodity Exchange
158:under the ticker symbol
146:Platinum price 1968–2012
138:Platinum price 1880–2011
130:Platinum price 1970-2022
122:Exchange-traded products
545:www.bullionbypost.co.uk
292:Silver as an investment
262:Alternative investments
203:American Platinum Eagle
186:Platinum coins and bars
168:New York Stock Exchange
21:American Platinum Eagle
421:"Platinum versus Gold"
147:
139:
131:
24:
272:Gold as an investment
209:Jewelry as investment
156:London Stock Exchange
145:
137:
129:
19:
515:GmbH, finanzen.net.
205:coins to investors.
180:exchange-traded note
152:exchange-traded fund
647:www.marketwatch.com
117:Investment vehicles
709:2008-06-23 at the
641:P. Saefong, Myra.
199:United States Mint
170:as ticker symbols
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140:
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25:
381:on March 2, 2009.
201:has been selling
94:supply and demand
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445:. Archived from
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377:. Archived from
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240:(NYMEX) and the
73:(NYMEX) and the
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741:Precious metals
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711:Wayback Machine
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593:on May 11, 2012
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277:Inflation hedge
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59:precious metals
57:even among the
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12:
11:
5:
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694:
693:External links
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578:
556:
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507:
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427:on 2008-10-26.
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361:Platinum Evara
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195:Platinum coins
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53:is relatively
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449:on 2009-09-05
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191:Platinum bars
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102:South African
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679:. Retrieved
676:Barchart.com
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654:. Retrieved
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624:. Retrieved
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595:. Retrieved
591:the original
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569:. Retrieved
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548:. Retrieved
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524:. Retrieved
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499:. Retrieved
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475:. Retrieved
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451:. Retrieved
447:the original
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425:the original
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379:the original
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340:. Retrieved
315:. Retrieved
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40:South Africa
27:
26:
656:21 February
651:MarketWatch
626:21 February
496:BullionStar
443:nwtmint.com
338:. iii.co.uk
224:Swiss banks
166:and on the
107:spot market
720:Categories
681:2018-10-15
550:2022-11-21
526:2022-11-21
501:2023-09-11
477:2018-10-15
453:2008-07-30
342:2015-03-25
317:2016-11-27
298:References
98:troy ounce
87:hallmarked
154:) on the
109:with the
726:Platinum
707:Archived
409:. NYMEX.
256:See also
218:Accounts
81:must be
51:Platinum
46:Overview
597:May 15,
571:May 10,
231:Futures
162::
83:assayed
621:Forbes
248:Others
79:ingots
61:. New
55:scarce
36:silver
472:APMEX
222:Most
658:2023
628:2023
599:2012
573:2010
176:PLTM
174:and
172:PPLT
164:PHPT
111:code
85:and
63:mine
34:and
32:gold
160:LSE
722::
674:.
649:.
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619:.
607:^
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519:.
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326:^
42:.
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
