We tend to think that platinum is more expensive than gold, which is why platinum credit cards have a higher status than gold and that is why, in the world of album certification, platinum (one million units sold) ranks higher than gold (half a million units). Platinum is a less liquid investment market than gold or silver, but high price volatility can generate greater returns for investors. In addition to being an investment product used as a portfolio hedge, platinum is widely used in jewelry and in the industrial and automotive sectors, where it is a key component in catalytic converters used to generate cleaner emissions in vehicles.
References
- https://www.specialtymetals.com/blog/2022/1/6/why-platinum-prices-are-poised-to-surge-in-2022-and-beyond
- https://moneyweek.com/investments/commodities/silver-and-other-precious-metals/604153/buy-platinum-now-while-its-cheap
- Platinum market surplus to fall by 47% in 2022 as demand continues to grow - WPIC | Kitco News