Platinum is the rarest of all precious metals. It has several unique chemical and physical properties that make it essential in a wide range of industrial and Environmental applications.Platinum is also considered as one of the finest of all jewellary Metals.
Platinum is available as coins and bars with many jewelers today,making for easy availability.But with an eye on returns, this is not really the best mode.
There are several reasons for this.
Storing the bars in a bank locker will mean shelling out money on rent. Storage also makes a cost for keeping that Metal.
Platinum is available as coins and bars with many jewelers today,making for easy availability.But with an eye on returns, this is not really the best mode.
There are several reasons for this.
- The Metal Purity is not guaranteed.
- The wastage charges at the time of re-sale will eat into returns.
- Physical market for platinum is illiquid, quickly cant conversion into cash
- Physical investment is that you have to look for ways to keep it safe.
Storing the bars in a bank locker will mean shelling out money on rent. Storage also makes a cost for keeping that Metal.
