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Why Is Platinum Cheaper Than Gold?

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Why Is Platinum Cheaper Than Gold?
Platinum bars or ingots background. Precious metals. 3D illustration Maxx-Studio/Shutterstock
Oxford Gold Group
By Oxford Gold Group
12/5/2022Updated: 2/6/2023
0:00
Owning precious metals like gold and silver is a prudent solution when you want to get the most out of your long-term investments. However, more people are looking toward platinum products as an alternative way to enhance their portfolios.
Unlike fiat currency, platinum shows resilience during an economic downturn. Why is this precious metal so attractive to many investors, and what can you do to obtain it?

What Affects the Price of Platinum?

Because many modern industries depend on platinum as an essential ingredient in their products, numerous factors influence its value.
Oxford Gold Group
Oxford Gold Group
Author
The Oxford Gold Group helps investors protect and grow their wealth by purchasing physical gold and silver for their IRAs and for home delivery as effortlessly and securely as buying bonds or stocks. That's why investors have turned to the security of gold and silver and the Oxford Gold Group.
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