Investment platinum

Platinum has a much shorter history in the financial sector than gold or silver. Its annual production is only about 250 tonnes (equivalent to about eight million Troy ounces). Approximately 70% of the global platinum mining takes place in one place – South Africa. Its cost is determined by the cost of mining in the long run, which increases year after year. Mining costs are growing at approximately the same rate as the demand. Platinum is widely used in both the jewellery industry and the automotive industry. Roughly half the annual production of this precious metal is used to produce catalytic converters for cars. Bars and coins are produced from platinum for investment purposes. Purchase of platinum bars or platinum coins can diversify a portfolio in the long run.

„The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from the bankers and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a better and happier world to live in. But if you want to continue to be the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit.“