Is platinum a good investment in 2021?
In the short term, platinum prices should benefit from the decline as aggregate demand outstrips supply. … So investing in platinum in 2021 could be a good option over gold, even if there’s no reason why investors can’t trade both.
Will the price of platinum go up in 2021?
Long-term platinum outlook 2021-2030: how will the price trend develop? … The website estimates that the price will reach $1,407/ounce by the end of 2021, $1,785 by the end of 2022, $2,782 by the end of 2025, and an average of $3,883/ounce by December 2030.
Why is platinum so cheap in 2021?
Platinum is scarce, prices are rising
In other words, the demand for platinum exceeds the available supply of the precious metal. In the first quarter of 2021, metal demand increased by 26%. Simple economics tells us that the highest prices occur when demand exceeds supply.
How much is platinum worth in 2021?
Platinum Price Forecast for 2021-2022
The expected price of platinum at the end of 2021 is $1,404, a +30% change from last year. Growth today at the end of the year: +14%. In mid-2021, we expect $1275 for 1 platinum.
Is platinum more expensive than gold in 2021?
When it comes to choosing a metal for an engagement or engagement ring, platinum is often the most expensive option. The main reason for this is that precious metals are valued by weight and platinum is much denser than gold meaning it will be heavier.
Should you buy platinum in 2021?
Expectations of rising inflation in 2021 should support investment interest in precious metals, including platinum, as a hedge. So far platinum has outperformed gold in 2021 and forecasts suggest this trend may continue. 17
How much is platinum worth in 2021?
Platinum Price Forecast for 2021-2022
The expected price of platinum at the end of 2021 is $1,404, a +30% change from last year. Growth today at the end of the year: +14%. In mid-2021, we expect $1275 for 1 platinum.
Why is platinum so cheap in 2021?
Platinum is scarce, prices are rising
In other words, the demand for platinum exceeds the available supply of the precious metal. In the first quarter of 2021, metal demand increased by 26%. Simple economics tells us that the highest prices occur when demand exceeds supply. two
Will the price of platinum go up?
In 2020, the demand for platinum jewelry is estimated at 1,826 koz, which is 13% less than last year. Investors don’t like platinum either. While platinum-backed ETFs added 991,000 ounces to their holdings in 2019, they are projected to increase by 530,000 ounces in 2020. ten