Platinum as an investment

Investment in platinum is often compared in financial history to gold and silver, which were both known to be used as money in ancient civilizations.

To be saleable on most international markets, platinum ingots must be assayed and hallmarked in a manner similar to the way gold and silver are.

Platinum price peaked at US$2,252 per troy ounce in March 2008 driven on production concerns (brought about partly due to power delivery problems to South African mines).

[14] Jewelry has long been a store of wealth in countries such as India, but this method of holding value to pass on to one's heirs has also seen popularity in Europe as well as the United states beginning in the late 2010's.

[14] Another investment option is to create a futures contract where a predetermined time and place is designated to buy or sell the platinum.