Is platinum a good investment 2020?

10
Cayla Satterfield asked a question: Is platinum a good investment 2020?
Asked By: Cayla Satterfield
Date created: Thu, Apr 22, 2021 7:41 AM
Date updated: Wed, Jun 29, 2022 9:37 PM

Content

Top best answers to the question «Is platinum a good investment 2020»

Demand vs supply

In 2020, estimates are that the platinum jewellery demand will total 1,826 Koz — down 13 per cent y-o-y. Investors are also not keen on platinum. While platinum backed ETFs saw an increase of 991 Koz in holdings of in 2019, in 2020 it is expected to increase by 530 Koz.

9 other answers

As year 2020 begins, a lot of people have been asking whether platinum, gold, silver or some other metal will turn out to be the best precious metal investment in the months ahead. The most common answer to that question is almost always something like this... You should invest in the metal that is most likely to appreciate in value

New York (CNN Business) Gold prices have soared more than 20% in 2020, and they hit a new record high earlier this year. Silver and palladium are surging, too. But platinum prices are down almost...

The World Platinum Investment Council forecasts that in 2020, there will be a total surplus of 247,000 ounces, which is 128,000 ounces higher than its previous estimates.

Is platinum a good investment? While 0'>palladium is the metal of choice in petrol and hybrid catalytic converters, systems could be re-designed so that platinum could take its place. While the cost to do so would be high, with palladium now costing twice as much as 0'>platinum at over $1,872 an ounce, there may soon be a financial incentive for car manufacturers to make the change.

“However, as investment demand is not expected to repeat the record in 2020 it will decline,” it explains. “Total platinum demand in 2021 is therefore expected to increase 2 percent (+150 koz) to...

Some experts see platinum investing as an alternative investment to gold. John LaForge, head of real asset strategy at Wells Fargo, believes that platinum prices represent a more affordable way than gold to invest in precious metals.

If you are looking for commodites with good return, Platinum can be a profitable investment option. Platinum price (per ounce) equal to 1066.500 USD at Jul 27, 2021. Based on our forecasts, a long-term increase is

Platinum, used widely in vehicular catalytic converters and for jewelry, isn't quite as major an investment metal as gold or silver. Nevertheless, this metal can be a good investment. Historically, its price has been above that of gold, though gold has outperformed platinum in recent years.

At best, I expect platinum to see low to moderate growth in 2020. It’s more likely, however, that platinum prices will stagnate given low investment in South African mines.

Your Answer