Platinum

Platinum is one of the rarest and most precious precious metals and is valued worldwide primarily for its industrial applications. It is indispensable in the automotive industry in particular, as it is used in catalytic converters to reduce emissions. Platinum is also used in the chemical industry and in jewellery making. For investors, platinum is offered in bars and coins, with the troy ounce (31.1035 g = 1 oz) being the recognised trading weight. Because platinum is rare and in strong industrial demand, its price is subject to considerable fluctuations. Nevertheless, platinum offers investors an interesting way to diversify their portfolios, particularly in times of growing environmental regulation and economic uncertainty.