In the end, precious metals have their uses as investments. When political or economic uncertainty hits, investors often turn to alternative or tangible assets to protect their portfolios. Precious metals such as gold are just one option available to you. However, all investments come with risks.
Platinum has higher volatility than other options, making it more susceptible to price drops. Meanwhile, gold remains relatively stable, but it may not be a solid hedge against short-term inflation. Like gold and silver, platinum is traded 24 hours a day on global commodity markets. It tends to reach a higher price (per troy ounce) than gold during routine periods of political and market stability simply because it is much rarer.
In fact, much less metal is extracted from the ground every year. In the future, platinum has both positive and negative catalysts in terms of investment. On the positive side, industrial and jewelry demand is fairly constant, general demand tends to exceed supply, known reserves of platinum are very small and metal is very expensive to extract.