Platinum bar, 1 kg, 999.5
Main reasons to invest
Supply-Demand Imbalance: The World Platinum Investment Council (WPIC) projects a 24% increase in total demand in the upcoming year, outpacing the supply growth of only 13%. This supply-demand imbalance suggests potential price appreciation, making platinum an attractive investment opportunity.
Consistent Price Growth: Platinum prices have shown a remarkable annual average increase of over 9% since March 2022.
Favorable Return and Low Costs: This investment offers a yearly potential return of +6.3% over 8 years with only approximately 1% annual costs.
Description
Platinum, a valuable metal with multiple applications, is commonly associated with gold and silver. Its use in jewelry and as a portfolio diversification option makes it an attractive investment choice.
Key Role in Crucial Industries: Platinum plays a crucial role in catalytic converters for diesel engines, making it vital for emissions control. Additionally, it is the preferred metal in the growing green hydrogen market, used as a catalyst in essential applications like electrolyzers and hydrogen fuel cells.
Supply-Demand Dynamics: The price of platinum is significantly influenced by supply and demand dynamics. Recent years have seen market shortages due to rising demand and labor strikes at critical mines.
Bright Outlook and Robust Fundamentals: Despite challenges, platinum's outlook remains positive, thanks to its strong fundamentals. Its cost-effectiveness compared to palladium in catalytic converters adds to its investment appeal. Moreover, platinum continues to shine amidst the global shift towards electric vehicles and technological advancements.
Dominance in the Hybrid Vehicle Market: While fully electric vehicles do not require platinum, it remains a key component in hybrid vehicles. The hybrid vehicle industry presents a substantial market where platinum is expected to retain dominance.
Return and cost calculation
- Total value €28,900
- Expected value after 8 years (balanced) €50,713
- Total fees €2,6664
- Fees 9.2%
- Annual fees 1.2%
- Annual return 6.3%
Expert
philoro is a reliable partner for investing in gold and silver. The company's highest quality standards for its products and comprehensive service have made it one of the market leaders in the precious metals trading sector in Europe.
