What are the best platinum stocks to buy?
What are the best platinum stocks to buy?
Best Platinum Stocks
- Anglo American Platinum (OTC: ANGPY)
- Impala Platinum Holdings (OTC: IMPUF)
- Sibanye Stillwater (NYSE: SBSW)
- Vale (NYSE: VALE)
- Platinum Group Metals (AMEX: PLG)
Is there a stock for platinum?
PPLT, PLTM, and PGM are the three platinum ETFs for Q1 2022.
Is platinum a better investment than gold?
In general, platinum is not a better investment than gold. Gold is more stable, more easily mined, and does not fluctuate in price as much as platinum. And gold’s value is considerably more than platinum.
Is it better to buy platinum or gold?
Platinum: Despite being nearly identical in appearance, platinum is more valuable than gold. Platinum’s high price point can be attributed to its rarity and density as precious metals are often priced by their weight.
Is there a future for platinum?
It returned median forecasts for platinum to average $1,000 an ounce in the final three months of 2021 and $1,110 in 2022. A similar poll three months ago forecast averages for platinum of $1,137.50 in the fourth quarter and $1,228 in 2022 and for palladium of $2,800 in the fourth quarter and $2,625 in 2022.
Is platinum expected to rise?
The metal’s supply in 2021 is expected to rebound to near 2019 levels on the back of “the South African recovery following the extreme disruptions of 2020”. The overall demand for platinum is expected to increase to 7.753 million ounces in 2021, up 1% from the previous year, according to the WPIC.
Who produces most platinum?
South Africa
List of countries by platinum production
| Rank | Country/Region | Platinum production (kilograms) |
|---|---|---|
| World | 180,000 | |
| 1 | South Africa | 130,000 |
| 2 | Russia | 22,000 |
| 3 | Zimbabwe | 15,000 |
What company produces most platinum?
Global leading platinum producing companies 2019 Anglo American Platinum is the largest platinum producer in the world, with a total production volume of 2.05 million ounces in 2019. The second largest producer that year was Impala Platinum Holdings Ltd., which produced some 1.31 million ounces of platinum.
Is platinum a good investment?
All experts agree, under the right circumstances platinum could be a good investment. Platinum has a much more shorter history in the financial sector than gold and silver, as it was unknown to ancient civilizations.
Is gold better than platinum as an investment?
In general, platinum is not a better investment than gold. Gold is more stable, more easily mined, and does not fluctuate in price as much as platinum. And gold’s value is considerably more than platinum. Gold is more steadily in demand than platinum.
What is the ticker symbol for platinum?
Platinum is traded as an ETF (exchange-traded fund) on the London Stock Exchange under the ticker symbol LSE: PHPT and on the New York Stock Exchange as ticker symbols PPLT and PLTM There are also several ETNs (exchange-traded note) available, some of which are inverse to the price of platinum.
What is the price of platinum?
The per ounce cost will generally go down as the amount of ounces purchased goes up. For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030.
