Gold is popular and dominates headlines. But a better opportunity is out there today… Invest in platinum.
Platinum is “on sale.” It’s trading at a cheap price compared to gold.
You can buy an ounce of platinum for less than an ounce of gold today. That’s a rare opportunity. There is far less platinum than gold on the Earth. But platinum has more uses.
Like gold, platinum is used in jewelry. But its main use is as a catalyst. It’s used in cars around the world to reduce emissions. It’s also used by petroleum refiners. A few more uses are listed below…
- Medical Equipment
- Dental Restorations
- Fuel Cells
- Hard Disks and Other Electronics
The majority of platinum mined each year is used with industrial production. But investors also seek it out because of its rarity. You can buy coins and bars of the metal. This is one of the best ways to invest in platinum.
Platinum prices have dropped with most commodities. Platinum peaked at $2,280 in 2008. Today it’s close to $1,000. It’s been beaten down. And it will be a great metal to hold as the commodity bull market returns.
Platinum has traded below the price of gold only 14% of the time over the last 20 years. And today it’s at about a 20% discount to gold.
On average platinum has traded at a 48% premium over the last 20 years. A reversal to this average ratio would put platinum at $1,578 today.
It’s a great time to invest in platinum.
Many investors prefer to buy coins and bars. It’s nice to have them on hand. But keeping them safe is key.
Paying to keep platinum safe in a bank eats away at your long-term returns. Instead you might want to start a midnight garden…
Midnight gardening is simply burying your valuables at night. It will help keep wandering eyes away. Only you will know where to find your hidden treasures.
Having physical assets on hand is nice… but I prefer buying stocks. It’s easier and you can enhance your returns.
Invest in Platinum
A top fund for platinum is ETFS Physical Platinum (PPLT). This fund seeks to reflect the performance of platinum prices.
If you’re interested in a platinum miner, check out Anglo American Platinum (AGPPY). It’s one of the largest platinum producers. If platinum prices climb, miners will likely have higher returns. It’s a great way to leverage up.
Gold costs more today but platinum is more rare. It’s usually more valuable. If a commodity bull market returns, platinum will soar.
I hope to invest in platinum soon. You should consider doing the same.