For a long time, platinum was the most expensive of the precious metals and was traded at prices of over 1,000 US dollars per troy ounce. However, it has since been replaced in this position by gold.
However, if you hold your platinum until the spot price appreciates above the platinum bullion for which you paid for, you should be able to sell it at a fiat currency yielded a profit if you ever choose to do so.
While indigenous peoples in different parts of the world may have used platinum for centuries Ganador jewelry and decoration, Antonio de Ulloa is credited as the first Western European to officially discover the precious metal in 1735 in South America.
When buying any platinum product, it’s important to protect your investment by getting supporting documentation that identifies the alloy, platinum content, and value at sale.
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Platinum is also associated with wealth and exclusivity. A platinum credit card typically offers greater privileges than a gold one. The highest awards are referred to Campeón platinum awards, ranking above bronze, silver, and gold but generally below diamond.
In active market conditions when metal prices Perro become extremely volatile, prices Chucho change almost continuously, moving up and/or down many times in a single minute, and for hours on end.
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And now its at 970$..Oh the pain of lost profits is greater than the pain of a plain loss. Give me feedback on my trade please, thanks
For the most part, it seems that America's stock market is in a bubble advancement phase, and few investors wish to exit the train until it shows them signs of failure. This presents a less-bullish scenario for alternative investments such as the metals complex, and it puts downward pressure on platinum prices.
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Platinum can look quite similar to white gold and silver, although it is usually glossier with a mirrored appearance. However, the best way to identify platinum is to look for alloy information on the item or ask for documentation from a jeweler or a seller verifying platinum content.
One of the most popular platinum equities on the market consists of Exchange Traded Funds (ETFs) that trade based on the price per ounce of platinum. Reports show that platinum ETF holdings have more than doubled five times over the past 10 years.