Gold - Ask : $ 1286.18 / Bid : $ 1285.41 (0.50)
Silver - Ask : $ 17.033 / Bid : $ 17.026 (0.03)
Platinum - Ask : $ 939.8 / Bid : $ 935.5 (-1.30)
Palladium - Ask : $ 939.8 / Bid : $ 935.5 (-1.30)
Gold - Ask : $ 1286.18 / Bid : $ 1285.41 (0.50)
Silver - Ask : $ 17.033 / Bid : $ 17.026 (0.03)
Platinum - Ask : $ 939.8 / Bid : $ 935.5 (-1.30)
Palladium - Ask : $ 939.8 / Bid : $ 935.5 (-1.30)
Gold - Ask : $ 1286.18 / Bid : $ 1285.41 (0.50)
Silver - Ask : $ 17.033 / Bid : $ 17.026 (0.03)
Platinum - Ask : $ 939.8 / Bid : $ 935.5 (-1.30)
Palladium - Ask : $ 939.8 / Bid : $ 935.5 (-1.30)
28 Mar, 2023
476 Views
Gold and platinum are valuable precious metals that can be used as investment vehicles, but they have different characteristics that may make one a better investment than the other depending on your goals and risk tolerance.
Gold is often considered a safe haven asset and a store of value during times of economic uncertainty or market volatility. It has a long history of being used as a currency and has maintained its purchasing power over time. Additionally, gold is relatively easy to buy and sell and can be traded in a variety of forms, such as coins and bars.
Platinum, on the other hand, is often used in industrial applications, particularly in the automotive industry, where it is used to make catalytic converters. As a result, the price of platinum can be more closely tied to the health of the global economy and demand for automobiles. However, platinum is rarer than gold and can be more difficult to mine, which can make it more expensive to produce and potentially more valuable over the long term.
Ultimately, the decision to invest in gold or platinum will depend on your individual investment goals and risk tolerance. If you are looking for a safe haven asset that is likely to retain its value over time, gold may be a better choice. If you are willing to take on more risk and are looking for a potential long-term investment opportunity, platinum may be worth considering. It is also worth noting that diversifying your investments across a range of assets, including both precious metals and other asset classes, can help to reduce your overall risk and improve your chances of achieving your investment goals.
#goldinvestment
#platinuminvestment
#safehavenasset
#storeofvalue
#economicuncertainty
#marketvolatility
#currency
#purchasingpower
#industrialapplications
#automotiveindustry
#catalyticconverters
#rarermetal
#miningindustry
#longterminvestment
#diversifyyourportfolio
#investmentgoals
#risktolerance
#preciousmetals
#buygold
#buyplatinum
07 Apr, 2022
Gold is known as one of the most valuable investments, especially when the market is down. It is an asset that procures good returns. Also, when you wish for sc...
READ MORE
14 Mar, 2022
Gold has seen a significant increase in value over the last ten years. You can send gold jewellery or even damaged gold-plated watches or jewellery to a Preciou...
READ MORE
Johnson Matthey
One Ounce Gold Bar
AS LOW AS CA$1,677.09
.jpg)
Scotiabank
1 Oz Gold Coin Scotiabank
AS LOW AS CA$1,677.09
.jpg)
Royal Canadian Mint
One Ounce Gold Coin Royal Canadian Mint - Maple Leaf
AS LOW AS CA$1,677.09
.jpg)
Johnson Matthey
1 Oz Gold Bar Johnson Matthey
AS LOW AS CA$1,677.09
Business Hours: Monday to Friday: 8:30 AM to 5:00 PM