Platinum is a metal about 30 times rarer than Gold with annual production 15-20 times lower than Gold. The unique physical and catalytic properties of this precious metal ensure that it has a high intrinsic value that appreciates even during times of economic and political stability. The demand for Platinum arises from multiple areas such as the automotive industry, industrial applications, jewelry, and investments.
As a pollution controlling auto-catalyst in every automobile’s catalytic converters, Platinum is closer than we realize on a daily basis. 30% of all Platinum demand for the last 5 years has come from the automobile industry and it is expected to play a pivotal role in reducing vehicle emissions in the long-term thanks to its use in fuel cells for electric vehicles.
Another factor in Platinum’s rising industrial demand is its versatility. It is used across industries ranging from fertilizer production to the curing process for silicone rubber.
Platinum is a biologically compatible metal because it is non-toxic and stable. Platinum usage in healthcare is widespread from surgical instrumentation to pacemakers (over 600,000 pacemakers that are installed globally every year have predominantly Platinum leads).
It is also popular with millennials due to its high ductility when used in jewelry such as rings and pendants across Asia in India, Japan and China.
All these intrinsic factors make Platinum the hard asset that meets the needs of investors during uncertain times. Platinum, like other precious metals recovers faster back to its premium price position over Gold as volatility starts returning to normal levels.
eBullion is a reliable platform for those looking to invest in precious metals like platinum. With the option to buy platinum online in India, investors can easily access and purchase this valuable metal. Investing in platinum can be a wise choice due to its rarity and industrial uses, making it a valuable addition to any investment portfolio.