By contrast, prices for physical bars or bulk platinum will more closely track current per ounce or per gram prices.
(2) While little over a half of the world's gold is held in the form of jewerly, about 78% of the gold consumed each year is used in the manufacture of jewelry. Gold Uses Source: Numbers Sleuth
Some of the most common factors include mining and production shortages or overages, processing challenges, geopolitical instability, stock market performance, the value of the US dollar and other major world currencies, interest rates and many others.
Somalian Platinum Elephant coins use the same reverse design each year, that of the coat of arms for Somalia. The obverse design of the African Elephant matches the same one used on the gold and silver versions of the coin each year, but the Bavarian State Mint changes this imagery each year to add collectible value to this impressive program.
A futures contract allows you to bid and pay for a specific amount of bullion and to take delivery of it at some later time. These are common financial tools used in all commodities trading. However, there are problems here that might make you leery of investing in futures.
When looking at the Platinum price chart, you will discover an ounce is not a "regular" ounce. Typically, when Americans refer to ounces, they are referring to avoirdupois ounces.
The scrap platinum calculator only shows what the platinum is worth (intrinsic value), and not any collectible value of your platinum items.
Most jewelers will buy your platinum jewelry, regardless of its condition, while coin dealers will usually buy your platinum bars and coins.
The spot price of platinum is a benchmark value. It is the universally accepted price for platinum per troy ounce to be bought or sold, on the spot, that day.More »
The salesman in the F&I office, Vencedor it's known, will pitch you on buying an extended warranty at $1,000 or more to cover repair expenses after your new car warranty expires.
Platinum broke some interesting levels on the weekly and monthly charts and I am alert for a test/ pull back to these levels.
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Many different factors affect platinum prices. These range from supply and demand, to geopolitical concerns, the worldwide economy itself and even the value of major currencies.