Platinum bars – a very high-quality precious metal as an investment
Platinum bars are not as common as gold or silver bars . This is because the price of the precious metal is subject to more pronounced fluctuations, making them primarily suitable for speculation rather than as a secure investment.
In addition, platinum bars are particularly expensive; they cost about 50 times more than silver and twice as much as gold . This is because platinum is an extremely rare precious metal . Over two-thirds of the world's platinum production comes from South Africa, with the rest mainly from Russia. The exceptionally good chemical properties also contribute to the high price of platinum bars. For example, the precious metal is very corrosion-resistant and, unlike gold, scratches on its surface do not cause material loss but merely displacement. Platinum is also heavier and harder than gold, which is why the fineness of platinum in jewelry can be up to 95%; the fineness of gold is only 75%.
