In general, platinum is not a better investment than gold. Gold is more stable, is more easily mined, and its price doesn't fluctuate as much as platinum. And the value of gold is considerably greater than that of platinum. Investing in gold can be done through a Gold IRA, which allows for the purchase of gold coins and bars.

In the end, precious metals have their uses as investments, and a Gold IRA is one of the most popular ways to invest in gold. When political or economic uncertainty hits, investors often turn to alternative or tangible assets to protect their portfolios. Precious metals such as gold are just one option available to you. However, all investments come with risks. Platinum has higher volatility than other options, making it more susceptible to price drops.

Meanwhile, gold remains relatively stable, but it may not be a solid hedge against short-term inflation. Gold has long been popular as a financial asset and because of its aesthetic value. Platinum is another precious metal used in jewelry and also has industrial applications. Both can be good investment options, but there are differences in terms of long-term stability and price fluctuations.

Like gold and silver, platinum is traded 24 hours a day on global commodity markets. It tends to reach a higher price (per troy ounce) than gold during routine periods of political and market stability simply because it is much rarer. In fact, much less metal is extracted from the ground every year. Platinum is generally valued more than gold.

This is because platinum is rarer than gold, has a higher density and is purer. Platinum rings require more platinum than gold rings, which can increase the total cost. While gold can increase in value the greater the carat, platinum is almost always worth more than gold.