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.
Experts posit that platinum is about 15–20 times scarcer than gold and approximately 60–100 times scarcer than silver, on the basis of annual mine production. Since 2014, platinum prices have fallen lower than gold. Approximately 75% of global platinum is mined in South Africa.
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.
Supply issues
The refined mine supply of platinum dropped 18% year-on-year in 2022, according to the WPIC, with South Africa and Russia having seen the biggest decreases.
Pure platinum is a lustrous, ductile, and malleable, silver-white metal. Platinum is more ductile than gold, silver or copper, thus being the most ductile of pure metals, but it is less malleable than gold. Its physical characteristics and chemical stability make it useful for industrial applications.
The only disadvantages to platinum are the higher cost and heavier weight. For example, platinum is a great metal for necklaces, bracelets and rings but not earrings, because the heavy weight may pull down more on your ears and cause discomfort.
Rarity and durability make the true white metal appealing to people searching for understated class. Resilient, beautiful and pure: platinum is all these, giving it an appeal that jewellery made of gold, silver and diamonds lacks. Platinum withstands daily wear, as it is one of the strongest natural materials.
On the downside, platinum is very expensive to purchase and repair, and some jewelers cannot even work with the metal because they don't have the equipment, materials, or experience to deal with its unique chemical properties.
Approximately 88 tons of platinum are used to make jewelry every year compared to 2,700 tons of gold. Because of its rarity, platinum is valuable and will hold its value as the years pass.
Platinum Coins
Platinum bullion in the form of coins is fairly easy to sell. This is because the quality and purity of officially minted coins is often guaranteed or clearly documented, especially if you made your purchase from a reputable source.
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.
does platinum tarnish? No. Platinum will not change color or fade over time, unlike some other metals. It's naturally white and remains that way.
Gold: The Traditional Safe Haven
Gold has long been considered a safe haven asset due to its limited supply and historical stability. It's also seen as a hedge against inflation and currency devaluation, which makes it especially appealing during periods of economic uncertainty.
Platinum is rarer than gold, and its demand is strong across several industries. However, platinum is a highly volatile precious metal that tends to see sharp swings in its prices. Its volatility can create opportunities for profit, but there's always the chance of losing a lot of money.
Price. 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.
Due to positive macroeconomic and fundamental drivers, we expect platinum to be a profitable investment in 2023. Supply-side constraints and consumption supported by increased regulations aiming at reducing pollution in the automotive industry will tighten the market balance of the platinum market.
It is the most durable metal used to make jewellery. Platinum should last a lifetime and you should not have to reset your platinum engagement ring. Platinum is a naturally white metal that is highly resistant to tarnish.
Platinum will rise to $2,000 within the year of 2026, $2,500 in 2028, $3,000 in 2030, $3,500 in 2032 and $4,000 in 2034.
These awards, given by the Recording Industry Association of America (RIAA), represent huge sales—500,000 units for gold, 1 million for platinum, 2 million or more for multiplatinum, and 10 million for diamond. Singles have the same criteria with sales and streaming (100 streams amount to one digital download).
A fine jewelry setting holding a precious gemstone should be safe, secure, and durable. The fact that platinum is a soft metal makes it more susceptible to scratches, despite being stronger and more durable than gold. In metallurgical terms, platinum jewelry scratches more easily as it has a very fluid surface.
Platinum lasts longer and can require less upkeep than gold. It's pure, hypoallergenic, and a classic option. However, gold is more malleable, scratch-resistant, and affordable. Gold also comes in several color options whereas platinum is always silver-white colored.
1. RHODIUM: TOP MOST VALUABLE METAL. Rhodium is the most valuable metal and exists within the platinum group of metals. It is used in jewelry for a final finish on white gold jewelry.
Platinum has excellent resistance to corrosion and is stable at high temperatures. Also, it has stable electrical properties that Platinum is being used in industrial wise as well. However, more importantly, because of its fade-lessness feature as well as its rareness. Platinum is even better to use for making jewelry.
For The Highest Profit, Sell Your Platinum to a Jewelry Buyer—Like Southwest Jewelry Buyers. As you can see, the best way to Sell Your Platinum ring is to work with a jewelry buyer. That's because it's their job to buy used jewelry! They will make it a priority to pay top dollar.
You can exchange it for jewellery only from the same store/brand you originally purchased from. And you will get back only 85% of the value of platinum.