Here's Why Platinum Is So Valuable.. And How You Can Start Investing In It!

Platinum is an underrated precious metal compared to silver and gold. While it’s lesser known, it has been used since 700 B.C. Platinum is even rarer than other common precious metals like silver and is primarily mined in Russia and South Africa. This explains why it’s trading at $946 per ounce compared to silver at $19.49 per ounce.

Platinum has many unique uses like:

1. Being a key component of catalytic converters in automobiles. These converters convert harmful emissions into less harmless substances including water vapor.
2. Helping cure cancer patients via drugs including cisplatin. Platinum has helped stop the growth of cancer cells.
3. Its uses in technologies like computer hard disks, thermocouples, pacemakers, spark plugs and LCDs.

Add Platinum To Your Portfolio With A Precious Metals IRA Today!

All types of investors can invest in platinum. A self directed IRA can facilitate this and be used to trade various platinum investments, while retaining key protections and tax benefits. 

Football legend Joe Montana uses precious metal IRAs to diversify his portfolio and recommends Augusta Precious Metals, which makes it easy to set up one of these accounts in just 15 minutes.

New account owners can also get this FREE Guide to Gold IRAs when they open an account, so create your account today!

Learn more about platinum and the best precious metals trading platforms in Benzinga’s precious metals hub page.

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