Is platinum worth the extra money?

Why is platinum losing value?

Industrial demand for platinum is projected to decline by 9 percent in 2025 to 2,216,000 ounces. This follows a period of strong growth fueled by expansions in sectors like glass and hydrogen production. The slowdown in 2025 is largely attributed to reduced demand in the glass sector as capacity expansions taper.

Is it better to invest in gold or platinum?

Gold is a preferred option for conservative investors looking for a stable, long-term store of value. It is widely recognised, highly liquid, and performs well during times of economic uncertainty. Platinum, on the other hand, is a more speculative investment due to its volatility and dependence on industrial demand.

Why do jewelers not like platinum?

Platinum is more difficult to work with, and often needs a jeweller with experience to produce a good job. Therefore, the labour cost is roughly 20% more than with white gold. Platinum can not be re-used and re-melted like white gold. Therefore, any scraps and filings must be sent to a refiner which is very expensive.

Does a platinum ring hold its value?

Platinum does hold its value as it is a rare precious metal and only a small percentage of the mined metal is actually used in the jewelry industry. This makes platinum jewelry great as a family heirloom.

What metal is as valuable as gold?

RHODIUM: TOP MOST VALUABLE METAL

It occurs in the very same ore in which gold and silver exist – only, in smaller quantities. Unlike other precious metals, rhodium is essential in the design of catalytic converters, which are essential for automotive exhaust systems.

Why do people not buy platinum?

Extraction is challenging. Platinum is seldom found in isolation - more usually it's found alongside other base metals such as nickel, copper and chrome. Deposits discovered underground must be refined before they can be considered pure; the complexity of this process makes platinum extremely rare.

Is there a surplus of platinum?

SUPPLY DEFICIT

The market is expected to reach a deficit of 682 000 oz in 2024, as the exceptionally strong demand from the previous year is sustained, reaching 7 951 000 oz (flat year-on-year) and again exceeding supply, which remains constrained at 7 269 000 oz – a 2% increase year-on-year.

Why is Costco selling platinum bars?

Costco sells Platinum bars as part of their precious metal offerings. Shoppers love Costco for the affordable gas, bulk-priced consumer staples and unwavering commitment to charging $1.50 for a hot dog and a soda. Recently, though, they've found something new to love about the wholesaler: precious metals.

Is platinum a smart investment?

Diversification: If you're invested heavily in the stock market, platinum can be a good way to diversify your portfolio. It has a low correlation with stocks and bonds, making your portfolio more resistant to market fluctuations.

What is the best precious metal to invest in?

The yellow metal has the largest market with the greatest liquidity and the most options for exposure, including physical gold, futures, ETFs and stocks of gold miners and streaming companies. Silver and platinum could also represent options for investors looking to further diversify their portfolios.

What are the disadvantages of platinum?

Platinum is a very dense metal which means it has excellent resistance to wearing away. A wedding ring made in Platinum could be worn for decades and barely lose any thickness at all. The downside of Platinum is that it tends to lose its high polish and sharp edges fairly quickly.

Will platinum wear away gold?

For example, platinum scores higher on the Mohs Scale of Hardness than gold. If you add a platinum wedding band to a gold engagement ring, it's almost guaranteed that the gold will become scratched over time.

Which metal has the most resale value?

What should you not do with a platinum ring?

To keep your platinum looking new, you should: Take it off when you're using chemicals (like bleach) or other abrasives because these can cause scratching on the platinum — and potentially damage the center stone.

Is white gold better than platinum?

Platinum is more durable and requires less repolishing. But that doesn't mean you only need to re-polish your white gold engagement ring every so often to keep it shining. White gold is finished with a rhodium plating to give it a pure white shine and improve durability. But it does wear off over time.

Are platinum rings out of style?

As one of the rarest of precious metals, platinum has had an enduring and sought after presence in jewelry design.

Why is platinum so cheap?

Demand for Platinum is Much Less Stable than Gold

Although platinum is a precious metal, its end use is often like that of industrial metals such as copper or aluminum.

Does platinum have resale value?

No, the resale value of platinum is usually poor. Is the purity of platinum jewellery high? Yes, platinum jewelery is 85% - 95% pure.