The price of platinum has continued to maintain this strong posture for more than a period of time and has attracted the attention of many investors. Although the price trend of platinum in 2019 has been favored by many institutions, how to deal with the increasing number of new favorites in the precious metal market? Dalian investors are full of questions at the moment. Is it not the right time to invest in platinum? How should investors choose platinum varieties?
Although the price of platinum is currently around US$/oz relative to the historical high (around US$/oz), there is still considerable room for growth due to market reasons such as difficulty in realizing cash. The risks of speculating in platinum may be greater. Investing in platinum should be carefully considered.
Platinum has become the new favorite in the precious metal market
The strong rise in platinum prices has made platinum surpass gold and become the new favorite in the precious metal market. There are obviously more consumers paying attention to platinum investment. A salesperson at a platinum brand counter in Dashang said that nearly one The number of people who came to inquire about purchasing platinum jewelry and platinum bars during the month increased significantly compared with the end of last year.
Ordinary people must be cautious when investing in platinum
&;Platinum is a very small variety compared with gold. The investment value of platinum cannot be simply based on the price difference between it and gold. It should jump out of its relationship with gold and place it on Make judgments under the general trend. Platinum is smaller and therefore more volatile and riskier. Strictly speaking, platinum is not very suitable for ordinary investors. Platinum has neither monetary properties nor repurchase channels and corresponding markets like gold. Except for a few banks that have opened personal accounts for platinum trading business, the investment significance of physical platinum is limited. Not suitable for ordinary investors.
The bank manager of ICBC said that if investors really have the idea of investing in platinum, they can consider investing in ICBC paper platinum. &;Difficulty in realizing cash is the biggest obstacle to spot platinum investment. The unit selling price of platinum jewelry is a significant increase on the international platinum benchmark price, and there is a lack of repurchase channels. The investment method of paper platinum is similar to that of paper gold, which can make short-term profits by selling high and buying low.
It is reported that the investment starting point for paper platinum is relatively low. The initial trading unit of paper platinum is grams or ounces. The liquidity of paper platinum is also better than that of physical platinum. Investors directly capture the real-time price of platinum in the international market. They can understand the changes in platinum prices through various market software and online banks. It is more suitable for investors to make active management allocation investments.
Similar to gold, it is also a precious metal investment product. However, compared with gold, platinum has its own unique attributes in terms of investment channels and methods. Industry insiders believe that investors should reasonably allocate investment product portfolios in order to achieve the desired investment goals. .
Interested friends can follow
Gold and platinum are both precious metal investments, and the essential differences between them are obvious.