Does the precious metal platinum have a place in your portfolio? There are four great benefits of buying and owning platinum. If you’re interested in learning more, watch this episode of U.S. Money Reserve’s “Did You Know?”
4 Benefits Of Buying and Owning Platinum: Did You Know? – Video Transcription
There are many benefits to buying and owning platinum. Here are four essential reasons for owning platinum that you need to know. First, almost all of the world's platinum is mined from only two countries, South Africa and Russia. This makes it particularly rare and keeps the supply limited. Second, due to its inertness, platinum wears down at a significantly lesser rate than other precious metals. This makes it harder to scratch and tarnish the surface of the metal, increasing its longevity. Third, platinum has a number of industrial applications that we've grown to depend on today. The auto industry relies heavily on platinum, utilizing almost half of the annual platinum supply in the world for production. Catalytic converters contain small amounts of platinum, helping to reduce emissions in cars, buses, and trucks. Platinum can also be found in turbine engines, medical devices, and computers. Its variety of industrial uses reinforce platinum's role as a prevalent metal in our society. Finally, platinum has the potential to help you manage your wealth by diversifying your portfolio to hedge against risk. Due to its high demand, tremendous durability, and variety of uses, platinum serves as an ideal metal to protect your family from financial decline. Call the number on your screen or click the link below to learn more about platinum's place in history and platinum's place in your portfolio.