Platinum is a precious metal that is used extensively in automobiles, chemicals, electrical products, jewelry and even glass manufacturing. Platinum is rare, and the bulk of the world’s platinum mines are found in Russia and South Africa.
Investing in platinum is not as widespread as investments in other precious metals because of its high price and the relative lack of investment opportunities within the platinum investment category.
One fairly risky way of investing in platinum is platinum futures, which were first introduced in the middle of the 20th century. This is a highly volatile market that requires significant knowhow for success. More information about platinum futures can be found at NYMEX.com.
In 1983, the Isle of Man issued the first platinum coin ever minted. This has provided the opportunity for investment in platinum coins, which remains a viable option. Because successful platinum investments require a high level of expertise, most investors utilize the services of a brokerage or investment firm that has in-depth knowledge of the subject.