Can you invest in platinum?

You can invest in platinum in many of the same ways as other precious metals, meaning there are a wide range of options available, should you wish to diversify your portfolio with this precious metal. Many who are new to precious metal investments choose the convenience of DigiGold, which is available in gold, silver or platinum.

What is platinum used for?

Platinum is very desirable in fine jewelry, especially in India and China. It is also used to make flutes. There is a market for it in medicine in the manufacture of stents and pacemakers. A platinum alloy is used to coat computer hard drives. Platinum is even used in medications to treat cancer and has applications for Parkinson’s Disease.

Who is the largest platinum company in the world?

South Africa-based Anglo American Platinum, one of the fund's holdings, is the largest platinum producing company in the world. Is Platinum a Good Investment?

Where does platinum come from?

The majority of platinum supply comes from South Africa and Russia. "Because so much of the supply comes from two countries, their political stability comes into play with the price of the metal as well," Simpson says. "The more stable their governments are, the lower the price."