Is platinum a good investment 2022?

After dropping by 43,000 ounces in 2021, investment demand is expected to grow by 329,000 ounces in 2022. According to the WPIC, the platinum market surplus will be 652,000 ounces this year, down from 1.232 million ounces last year.

Will platinum go up 2022?

The council said platinum supply should fall 1% in 2022 as a backlog of semi-processed material in South Africa runs out. It said it expected demand, which dropped last year as a sharp fall in purchases by investors more than offset higher consumption by industry and jewellers, to rise by 7% in 2022.

What is the future of platinum?

The bank's platinum price prediction is bullish for the long-term, rising from $1,100 an ounce at the end of March to $1,300 by the end of 2022 and $1,375 by the end of September 2023.

What will platinum be worth in 10 years?

06/25/2022, Saturday, 10:30 pm CT. According to the latest long-term forecast, Platinum price will hit $1,000 by the end of 2022 and then $1,500 by the middle of 2026. Platinum will rise to $2,000 within the year of 2028 and $2,500 in 2031.

Is now a good time to invest in platinum?

Chances are very good that in calendar year 2022 or beyond, the trading price of platinum is going to bounce strongly back, because the demand for the metal is not going to go away. Even though there is a surplus available now that is depressing prices, that is likely to change.

Is Platinum the Best Deal in Precious Metals? Watch This Before You Buy Platinum!

Is platinum expected to rise?

The site's platinum price prediction says it will get to $1,451 as a year-end projection for 2023. The following year 2024, should end with platinum worth $1,626. The platinum price forecast for the end of 2025 is $1,854, while for year-end 2026 it sits at $2,223.

Should I invest 2021 platinum?

The Investinghaven 2021 forecast for platinum is wildly bullish. If you are looking for commodities with good returns, platinum can be a profitable investment option, according to Walletinvestor analysts.

What will 2022 platinum be worth?

According to Heraeus, platinum is expected to trade between $1,300 and $850 in 2022. According to Trading Economics experts, platinum was predicted to sell at $996.27 by the end of the quarter, and $931.05 in a year at the time of writing (March 17).

Is it better to invest in gold or platinum?

Some investors may want to prioritize stability and long-term investing. In that case, gold is likely the better option. The precious metal has a longstanding history of reliable demand which often spikes during economic downturns. On the other hand, platinum usually performs better during times of economic growth.

Is platinum in high demand?

In its latest report on the platinum market, the council described the precious metal as having a complicated 2021 with strong demand but even stronger supply.

Is platinum undervalued?

Platinum is “heavily undervalued compared with its 1-for-1 autocatalyst substitute metal palladium—and against gold.”

Why platinum price is declining?

As 2021 progressed, the platinum price steadily slipped lower as mined supply increased some 19 percent year-over-year and demand retracted 5 percent. 2021 platinum price performance.

Is platinum rarer than gold?

For starters, gold is far more abundant in the earth's crust, making platinum rarer. Whilst 1,500 tons of gold are mined annually, only 160 tons of platinum are extracted. Platinum is also denser than gold, thus heavier.

Why is platinum not as popular as gold?

Experts posit that platinum is about 15–20 times scarcer than gold, on the basis of annual mine production. Since 2014, platinum rates have fallen significantly lower than gold rates. More than 75% of global platinum is mined in South Africa.

Is platinum metal a good investment?

Platinum. Like gold and silver, platinum is traded around the clock on global commodities markets. It often tends to fetch a higher price (per troy ounce) than gold during routine periods of market and political stability simply because it's much rarer. Far less of the metal is actually pulled from the ground annually.

What is the demand for platinum?

Demand in 2022 is expected to rise by 10% to 402 koz, driven predominantly by increased retail investor buying in North America and Japan.

Is silver a good investment in 2022?

Scotiabank's silver price prediction for 2022 is an average price of $24.50 per ounce, falling to $23 per ounce in 2023.

Why is platinum so scarce?

The supply for Platinum products is tight, due to the metal being extremely rare. Platinum is mined in very few mining deposits throughout the world and many of the uses of Platinum go to the automotive industry for vehicle emissions devices.

Is platinum more expensive than gold 2021?

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.

Why is platinum so precious?

Platinum is a light gray metal between silver and nickel, and it's harder than both silver and gold. Platinum is valuable because it's rare and it's used in many items. Nearly two thirds of the supply comes from South Africa, and Russia is the second-largest supplier. There are very few North American platinum mines.

Which precious metal is most undervalued?

(Kitco News) - Expect silver, the "most undervalued metal on the planet" to finally breach $30 an ounce in 2022, said David Morgan of TheMorganReport.com.

Is palladium a good investment 2022?

Trading Economics is bearish on the outlook for 2022, predicting that palladium will trade at $2,191 per t oz by the end of the first quarter and $1,956 per t oz in 12 months' time.

What will be the gold rate in 2022?

Gold price per ten gram in India has increased by almost Rs 3000 in the first six months of 2022. From a price of about Rs 48243 in January, the gold price is nearly Rs 51243 in June 2022 translating into an absolute gain of almost 6.5 per cent in 6-months.

Is it worth investing in platinum coins?

Platinum as an Investment

Today, platinum is popular among precious metal investors. Even so, platinum investment makes up less than 10% of annual demand for the rare metal. The bulk of demand comes from autocatalyst use in the automotive industry (40%), jewelry (30%), and industrial (20%), based on 2016 data.

Should I Buy gold 2022?

US-based Citibank is bullish in its short-term outlook for the gold price in 2022. “Nominal gold prices may hold a high(er) range for the balance of 2022 as financial markets grapple with surging headline inflation, geopolitical uncertainty, and recession tail risks,” the bank's analysts wrote in mid-May.