Why platinum

In other words, demand for platinum is exceeding the available supply of the precious metal. Markets will also keep a close eye on developments in the automobile industry. The ongoing shift toward electric vehicles EVs will undoubtedly have an impact on platinum and palladium in the coming years. Yet it may not all be bad news: platinum has shown potential as a catalyst for emerging fuel cell technologies. So any major growth in EV usage and renewable energy technology could still benefit platinum down the road.

With platinum prices recovering but still historically low, it's an excellent time to add this alternative precious metal to your investment portfolio. Follow the links below if you're ready to get started. Start Shopping for Platinum Bullion Products. Find out more about precious metals prices with today's live updated spot prices for gold, silver, platinum, and palladium:.

Everett has been the head content writer and market analyst at Gainesville Coins since He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system. Don't be the last to know about the latest deals and new product arrivals. Join us today for FREE! Sign in or register. Buy Gold. Australian Gold Coins. Buy Now. Buy Silver. Over time, platinum takes on a satiny sheen known as patina.

Styles to Treasure. Platinum pieces are perfect heirlooms to pass to future generations. Choose platinum and be assured your jewelry will remain beautiful and brilliant for years to come. Platinum is naturally hypoallergenic and perfect for those with sensitive skin. Learn how Platinum Guild International is building an enduring commitment to platinum in jewelry. All About Platinum.

Discover what makes platinum the superior choice for engagement rings and wedding bands. Metal Matters. Understand the advantages of platinum over white gold, from color to strength to longevity. But for a durable everyday ring with minimal maintenance, platinum is best.

Silver and platinum have a similar color, but silver is very soft and much less durable than platinum. Every piece of silver jewelry tarnishes over time, requiring regular maintenance to keep it sparkling. Silver also easily loses shape over time and is nowhere near as valuable as platinum.

Silver is ideal for statement jewelry. See this necklace here. The most attractive fact about silver is that it is very affordable. For costume jewelry or inexpensive items, silver is always a good option. It is the newest precious metal and is of the same family as platinum. Both these metals look near-identical, although platinum is about a shade whiter than palladium.

Both platinum and palladium share many similarities, including being hypoallergenic and rust and tarnish free. Palladium jewelry also has purity levels equivalent to platinum. Palladium is less dense than platinum and is more affordable. Because it is pliable and easy to craft, palladium is often preferred over platinum in the making of jewelry.

Platinum has become the premier metal of choice when it comes to bridal rings. It is beautiful, strong and luxurious! For diamond engagement rings, a platinum setting has a twofold benefit: it enhances the beauty of the stone and keeps it protected. The smooth white luster of a platinum setting complements diamonds bringing out its sparkle and brilliance.

Admittedly, you can achieve this look with white gold as well at a lower cost, however white gold will require regular maintenance to keep it looking white. Platinum and diamonds pair well together. See more rings here. The other factor to consider is strength and safety.

Everyday rings, such as engagement and wedding rings, are exposed to a lot of rough wear, hard knocks, chemicals and heat. Over time, a less durable metal will wear down requiring replacement of prongs. This is not a common issue with platinum.