neerajchauhan
Neeraj K Chauhan
I don't think so because for a metal to be safe from the point of view of investment it should be having a resale value as well as it should be available easily. The case of Diamond should be clear in everybody's mind. The resale value part. No country in the world puts platinum as reserves against issuing currency notes. Which proves that so far it has not been recognized a good investment metal. It is not a new metal. We can not expect people's choice to change overlooking all these things.
Precious stones and metals have always charmed Indians. But even as gold has gained weightage as an independent asset class over the decades, other metals have failed to catch the fancy beyond personal use.
Platinum, which has higher leverage to the rising industrial cycle than gold, falls in the same league. The valuable metal, whose supply is restrictive and scare due to high power costs and complex extraction process, is still trying to make its mark in the investment universe.
:SugarwareZ-064:
Precious stones and metals have always charmed Indians. But even as gold has gained weightage as an independent asset class over the decades, other metals have failed to catch the fancy beyond personal use.
Platinum, which has higher leverage to the rising industrial cycle than gold, falls in the same league. The valuable metal, whose supply is restrictive and scare due to high power costs and complex extraction process, is still trying to make its mark in the investment universe.
:SugarwareZ-064: