Platinum bar, 1 kg, 999.5
Main reasons to invest
Return Potential📈: An investment of 500 EUR is projected to be worth approximately 872 EUR in 8 years.
Cost-to-Return Ratio⚖️: With just 1.2% annual total costs (including exit fees), your net profit could be 7.2% per year.
Supply-Demand Imbalance💶 : The World Platinum Investment Council (WPIC) forecasts a 24% rise in overall demand in the coming year, surpassing the supply growth of just 13%.
Description
"Platinum as an optimal and complementary precious metal, offering both stability and a certain degree of risk tolerance for the portfolio." - Head of Trading, philoro SCHWEIZ AG
Why Invest in Platinum?
Versatility and Diversification
Platinum, a precious metal utilized across various sectors, is often grouped alongside gold and silver. Its usage in jewelry and as a method of diversifying investment portfolios makes it an attractive option for investors.
Key Role in Vital Industries
Platinum plays a crucial role in catalysts employed in diesel engines, making it indispensable for emission control. Additionally, it is the preferred metal in the expanding green hydrogen sector, acting as a catalyst in crucial applications like electrolyzers and hydrogen fuel cells.
Supply and Demand Dynamics
The price of platinum is significantly influenced by the interplay between supply and demand. Recent years have witnessed market shortages due to escalating demand and labor strikes in key mining regions.
Positive Outlook and Strong Fundamentals
Despite challenges, platinum maintains a promising outlook due to its robust fundamentals. Its cost-effectiveness compared to palladium in catalysts further enhances its attractiveness for investors. Moreover, platinum's enduring appeal persists despite the global shift towards electric vehicles and technological advancements.
Resilience in Economic Uncertainty
Similar to other precious metals, platinum is often viewed as a safe investment during periods of economic instability. Its value tends to remain steady or even rise when other investment avenues may be faltering.
Potential for Growth in the Medical Sector
Platinum also finds applications in the medical field, including its use in pacemakers, stents, and cancer treatments. With ongoing advancements in medical technology, the demand for platinum in this sector could increase.
Dominance in the Hybrid Vehicle Market
Although fully electric vehicles do not require platinum, it remains essential for hybrid vehicles. The hybrid vehicle industry represents a substantial market where platinum is anticipated to maintain its dominance.
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.
