Platinum
Candlefocus EditorTraders and investors can buy and sell platinum through various methods. Since its price can be volatile and unpredictable, traders can purchase futures contracts to capitalize on potential price changes, while investors can opt to enter the market using exchange traded funds (ETFs) that specialize in the commodity.
Since the global financial crisis of 2007-2008, the price of platinum has generally been trending lower, driven by a number of factors. Investor appetite for this precious metal has declined, while interest in gold has increased dramatically during the same period. Additionally, a surge in production of platinum from South African mines has resulted in an oversupply of platinum on the market, further decreasing its price.
For those interested in investing in platinum, futures and ETFs may be a good option. Platinum is both a precious and industrial metal, making it a viable option for investors who are attracted to both types of markets. As with all investments, it is important to thoroughly research the current market conditions to ensure you’re making the best decisions for your portfolio.