Monitor your investment: Be sure to monitor your investment to ensure it's performing well. Choose a platinum stock and buy it: Once you've chosen which company you want to invest in, you can buy the stocks through your brokerage firm or trading app, just like you would any other stock.Ĥ. You can use a financial advisor if you prefer to have more help in the process.ģ. Choose a brokerage: You'll need to open an account with an online trading platform, brokerage firm or trading app in order to buy platinum stocks. The amount will depend on your financial circumstances and goals, but be mindful that it’s essential to have a diversified portfolio to limit your risk.Ģ.

Additionally, decide how much money you want to dedicate to platinum stocks. Information about publicly traded companies, including their financial reports, is available online. Do your research: Before investing in any stock, it's important to research and understand the company you're investing in. Getting started with platinum stocks requires careful planning and informed decision-making.ġ. Stocks can also provide more liquidity than platinum bullion. Investing in platinum stocks offers you exposure to platinum without needing to own the physical metal and deal with the storage and insurance that comes with metal ownership. For example, Russia - the world’s second largest producer of platinum - saw its exports drop by 10% in 2022 as a result of its war with Ukraine. The price of platinum stocks can depend on a number of factors, including the spot price of the metal, the global economy, company financials and geopolitical tensions affecting platinum supply. It’s estimated that there are 5 billion ounces of gold above the ground, 3 billion ounces of silver but only 200 million ounces of platinum, the bulk of which is produced by South Africa. However, at times, the precious metal can be more volatile than gold and silver because of its smaller supply. Like other precious metals, platinum is a safe-haven asset that can help protect your wealth against inflation. Platinum is a rarer precious metal than gold, with unique properties that make it highly sought after in various industrial applications. Platinum stocks are often tied to the automotive industry, which can be impacted by a variety of factors, such as consumer demand.The price of platinum stocks is influenced by many factors, including the price of platinum, geopolitical risks and company performance.The platinum market is relatively small, making it more susceptible to price swings than other precious metals.

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