Platinum as an Investment

Understanding the value of platinum, in the 1780’s, Chabeneau partnered Joaquin Cabezas in the manufacture of platinum ingots, establishing platinum as a tool of investment. Thirty-five times rarer than gold, the platinum price historically tends to average double gold during periods of sustained economic stability and growth, whereas during periods of economic uncertainty, the price tends to decrease due to reduced industrial demand, possibly falling below the price of gold. Gold prices have tended to be more stable in slow economic times due to the fact that gold is considered a safe haven, gold demand unaffected by industrial use. In the 18th century, platinum’s rarity made King Louis XV of France declare it the only metal fit for a king.

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