The answer to that is personal preference. Regardless of the metal you buy, gold is more valuable than platinum, which is more valuable than silver. Like gold and silver, platinum is traded 24 hours a day on global commodity markets. It tends to reach a higher price (per troy ounce) than gold during routine periods of political and market stability simply because it is much rarer.
In fact, much less metal is extracted from the ground every year. Silver, platinum and metals stocks in the platinum group are naturally volatile. If you prefer a relatively safe investment, it's best to stick with established producers who generate real cash flow. They have the lowest upward potential, but they also have the lowest downside risk.
Major mining companies usually produce several metals, which diversifies risk. And if your mining operations continue to perform well, you could also be rewarded with increasing dividends. Like gold and silver, platinum is bought and sold as a commodity all over the world. However, platinum is considerably rarer than gold and silver, and it also has industrial uses.
Platinum is so scarce that some say that all the amount of metal that has been mined could easily fit in a medium-sized living room. Despite the fact that platinum has a shorter history in the financial sector, the value of platinum makes it a great investment due to. That deficit could increase even more: Russia provides 5% of the world's silver supply, according to S%26P Global Market Intelligence. .
Gold prices tend to move more slowly than silver and platinum prices, and the latter two are considered to be more volatile, in part because of their greater use in industry. On the other hand, silver and platinum coins and ingots are sold subject to VAT at the standard rate. However, the valuation of WPM is not based on profits, but rather is based on the prices of precious metals, in particular the price of silver. Gold and silver have been recognized as valuable metals and were highly coveted by ancient civilizations.
Almost exactly 42 years ago, the attempt by the three Hunt brothers — Nelson, Lamar and William — to take over the silver market ended in disaster. Unlike gold, the price of silver fluctuates between its perceived function as a store of value and its role as an industrial metal. Palladium is a bright silver metal used in many types of manufacturing processes, particularly for electronic and industrial products. Silver has the enormous advantage of being relatively cheap compared to gold, which makes it easier to start with a small amount of money and create a portfolio from scratch by making small investments periodically over time.
While copper is often overlooked as an investment compared to gold and silver, an increasing number of investors are starting to buy copper ingots and ingots to protect their portfolios from further currency devaluation. However, like platinum and silver, palladium is an industrial metal with numerous applications in dentistry, electronics and for the production of cars. Regardless of whether you're interested in investing in gold, silver, platinum, palladium or rhodium, you can trust bullion exchanges to guide you throughout the transaction. This way, you have an idea of the value of silver and the value of gold, as well as platinum and palladium.
It may be tempting to think that gold, silver and platinum bars are the exclusive domain of the super rich, when imagining cinematic scenes of gold ingots piled up in warehouses or vaults. .