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.

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%.

Will platinum prices Go Up in 2021?

Platinum outlook 2022: Price forecast moving forward

Platinum prices finished 2021 holding in the US$960 range before moving as high as US$1,005 in the first days of the new year.

Is this 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.

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).

Let's Talk Platinum; Good or Bad Investment?

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.

What will platinum be worth in 5 years?

Platinum Prediction 2024-2028

These five years would bring an increase: Platinum price would move from $1,234 to $2,165, which is up 75%. Platinum will start 2024 at $1,234, then soar to $1,248 within the first six months of the year and finish 2024 at $1,306.

Will platinum go up 2022?

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.

Is there a future for platinum?

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%.

Will platinum price increase in future?

Investors may consider platinum over gold. If gold rally continues without a breather in 2021 again, platinum prices may shore up. Mine production is likely to return to normal in 2021 but still may be below the average annual supply from 2015 to 2019, according to WPIC.

Is platinum undervalued?

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

Why is platinum rising?

The increase in supply came as platinum demand saw broad-based growth in 2021. The WPIC said that automotive demand last year increased 11%, industrial demand rose by 27% and jewelry demand increased by 5%.

Is the demand for platinum increasing?

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 it better to invest in gold or platinum?

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.

Will platinum be worth more than gold?

Is platinum more valuable than gold? Platinum is generally valued higher 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 require gold, which can increase the overall cost.

What will platinum be worth in 2030?

The website estimates the price will reach $1,407 an ounce by the end of 2021, $1,785 by the end of 2022, $2,782 at the end of 2025 and average $3,883 an ounce in December 2030.

What will platinum be in 10 years?

Platinum will average $1,222 an ounce in 2021 and $1,253 in 2022, according to the median response from the poll of 34 analysts and traders conducted this month. A similar poll three months ago forecast averages of $1,044 for 2021 and $1,082 for 2022. Platinum averaged $883 in 2020.

Why platinum is so cheap?

Platinum Is in a Supply Deficit, Lifting Prices

With mining stalled, the global platinum market entered a supply deficit. In other words, demand for platinum is exceeding the available supply of the precious metal. During the first quarter of 2021, demand for the metal rose by 26%.

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.

What moves the price of platinum?

There are also other factors that determine platinum's price: Like silver, platinum is considered an industrial metal. The greatest demand for platinum comes from automotive catalysts, which are used to reduce the harmfulness of emissions. After this, jewelry accounts for the majority of demand.

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.

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 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.