Is platinum undervalued?

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

Is platinum a good investment 2021?

Platinum prices have risen less dramatically to around $1,170 an ounce. The WPIC said the roughly 8 million ounce a year market was oversupplied by 1.23 million ounces in 2021 and predicted a surplus of 652,000 ounces in 2022. It said supply of platinum rose by 21% last year, while demand fell 9%.

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.

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.

Will platinum go up in value?

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.

$PLATINUM AKA 'White Gold' is IMO the most undervalued precious metal right now.

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.

What will platinum be worth in 10 years?

06/25/2022, Saturday, 10:15 am 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 it worth investing in platinum?

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.

When should I buy 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.

What is the best metal to buy for investment?

Gold. Gold is the most well-known and investable precious metal. It's unique for its durability (it doesn't corrode), shaping capability, and ability to conduct heat and electricity. While it has some industrial uses in dentistry and electronics, it's primarily used to make jewelry or as a form of currency.

What is the future outlook for platinum?

Platinum futures contracts price in U.S. by month 2019-2021, with forecasts to 2023. Platinum futures contracts to be settled in January 2023 were trading on U.S. markets at just over 954.6 U.S. dollars per troy ounce on May 2, 2022.

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 there a demand for platinum?

The WPIC said that the platinum market saw a supply surplus of 1.232 million ounces last year, driven by the rapid process of stockpiled ore from 2020 and significant outflows of 237,000 ounces from platinum-backed exchange-traded funds. The increase in supply came as platinum demand saw broad-based growth in 2021.

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.

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 there a platinum shortage?

Residual pandemic effects, such as the semiconductor shortages, will continue to inhibit platinum demand in 2021 and 2022, both of which would otherwise be far higher. 2022 will be a crucial year in which the dust from 2020 settles and the remaining portion of the semi-processed material built up in 2020 is released.

Is platinum hard to sell?

This is because platinum provides a sturdy grip for diamonds and gemstones to keep them in place. Unfortunately, when the jewellery is still embedded with stones, it cannot be easily sold. The stones need to be removed to sell the platinum as a scrap precious metal first.

Is it better to buy silver or platinum?

Precious Metals Demand Drivers and Supply Sources

Given that silver is relatively more abundant in the earth's crust than gold and platinum, more of it is mined each year, and its higher availability means that it will have a lower price than both gold and platinum.

Is platinum a hedge against inflation?

This paper established that gold and platinum have the most significant and reliable inflation-hedging capacity among the investigated precious metals. On the whole, all analyzed assets consistently exhibit the inflation-hedging property, particularly during the episodes of economic and financial turmoil.

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.

What is the highest price platinum has ever been?

What is the highest price platinum has ever been? The all-time high platinum price was about $2,270 per troy ounce. It was reached in March of 2008.

Why is platinum so valuable?

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.

What's worth more than platinum?

Palladium is the most expensive of the four major precious metals – gold, silver and platinum being the others. It is rarer than platinum, and is used in larger quantities for catalytic converters.

What will be the price of platinum in 2025?

The platinum price forecast for 2025 suggests the price should open the year at $1,390. Meanwhile, CoinPriceForecast said that the metal should hit a mid-year target of $1,266; and a year-end target of $1,343.

How do you invest in platinum?

To gain exposure to the metal, investors may purchase platinum bars or coins, platinum futures contracts, or shares of platinum mining companies. Another option is a platinum exchange-traded fund (ETF).