Platinum Investment and it's uses

Platinum is a rare silvery-white malleable and ductile element, and it was widely used in making sealed electrodes in glass systems as it does not oxidize in air but can be corroded by halogens, caustic alkalies, sulfur and cyanides. It has a high resistance against chemical attacks and has stable electrical properties.

Due to these properties, it remains stable in higher temperatures and can be widely used in industrial applications.

Platinum is a rare silvery-white malleable and ductile element, and it was widely used in making sealed electrodes in glass systems as it does not oxidize in air but can be corroded by halogens, caustic alkalies, sulfur and cyanides. It has a high resistance against chemical attacks and has stable electrical properties.

Due to these properties, it remains stable in higher temperatures and can be widely used in industrial applications.

Uses of platinum

There are multiple uses of platinum, and experts say it is present in one-fifth of everything we use. It can be used as a catalytic converter to handle harmful emissions. In the petroleum industry, it is used for cleaning the air, extracting gasoline from crude oil, and making octane fuels.

It produces hard disks and electronic items like semiconductors and thermocouples.

It can stop the division of living cells and has been used in cancer drugs to prevent the growth of tumours.

It is used in motors in airbag sensors and personal hygiene products like silicones.

It can be found in fuel cells, which are cost-effective and reliable alternatives to diesel generators. These can provide cost-effective grid electrification to remote areas to promote electricity supplies.

Platinum investment trends and other global factors

Platinum is a precious metal like gold and silver, widely used in jewellery-making. The price of platinum gained in the last few weeks due to several global factors.

The platinum price UK was around $1383 an ounce in 2014, below 800, sometimes in between, and now the platinum price UK is over $970 an ounce.

The unreliability of the fiat money system created by the corrupt politicians and strategies adopted by countries to manipulate the value of their monetary units has resulted in the devaluation of money, and traders are buying alternatives like gold, silver, platinum and rhodium.

The dollar system was created by President Richard Nixon in 1971, which eliminated the gold standard. Then malpractices in the financial systems have created a self-destructive loop where some politicians are spending endlessly without any policy.

The markets in 2008 and 2009 faced the impact of unrestrained manipulation of regulations in the banking systems. After the downturn, society and the systems were on life support.

The monetary systems were provided with stimulus, and interest rates dropped, but the buyers are still paying a lot in the form of rates on borrowing money.

The huge appreciation in Treasuries due to investors making haven investments and the financial risk faced by the US government, which has under $100 trillion in debts and unfunded liabilities, has made the investors believe that the value of fiat currencies is counterfeit.

The widespread default and economic slowdown in the last few years show how the excessive manipulation of regulations created a stagnant situation in the global markets, creating opportunities for precious metals.

Many investors missed the previous moves of the precious metals and are waiting for a correction to buy platinum.

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