Buy platinum online

Platinum is the metal that has conquered the charts: Those who are not satisfied with GOLD in the charts reach for platinum. And also in the world of precious metals platinum is in no way inferior to the investment gold. In the meantime platinum could even surpass gold by a multiple. But the highs were followed by a hard crash: After a record platinum price of 2,250 U.S. dollars before the financial crisis in 2009, there was a real roller coaster ride afterwards; in 2011, platinum recovered at 1,900 U.S. dollars per troy ounce. In the middle of 2017, platinum was at around 950 U.S. dollars and has thus already rebounded significantly from its low of around 830 U.S. dollars in December 2015. 

 

The numbers make it clear that platinum still has a long way to go to catch up. And although the white metal has been overshadowed by gold to date, platinum is the star of the precious metals industry. Since 2016, the product range of bullion coins made of platinum has been continuously expanded. For the first time in its history, the Austrian Mint issued a Vienna Philharmonic in platinum, followed in 2017 by the Royal Mint with its "Queen's Beasts" platinum coins. Since 2017, the world-famous Krugerrand got a platinum sibling for its 50th birthday.  

 

However, those who want to invest part of their assets in platinum should be particularly careful with their investment. Platinum is much more in demand than gold and silver in industrial applications, especially in the automotive industry. The economic situation in this branch of industry is directly reflected in the platinum price. More than half of the annual world market supply for platinum is currently demanded by the automotive industry - this circumstance ensures platinum highs, with increased demand in the automotive market.

 

But when various scandals spoil the automotive industry's business, platinum investors also suffer. 

 

At GOLDINVEST platinum is mainly in demand as an addition to a growth and risk-tolerant precious metal portfolio. As a rough rule of thumb for "conservative" investors: 80 percent of the precious metal investment can be shifted into gold, 20 percent into silver. The silver portion can be replaced on a smaller scale by platinum. In any case, investors should keep in mind the additional defense tax for platinum: As a white metal, a value-added tax of 20 percent is due. Over the duty-free warehouse of GOLDINVEST precious metals white metals such as platinum, palladium and silver can be bought and traded however completely without value added tax - and this completely legally.

For this you re ceive more detailed information under: https://www.goldinvest.at/de/edelmetall-lagerung/