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Just like gold and silver, platinum is a beautiful, shiny metal that has a wide range of uses. 

It’s highly malleable, doesn’t corrode or easily react with other metals or chemicals, and has a high melting point (1,768 degrees Celsius).

That makes it perfect for jewelry making, vehicle manufacturing, implanted medical devices, and technology. Platinum is rare compared with gold and silver - with just 169 metric tonnes mined in 2016 (there was 19x more gold and 163x more silver mined that year). 

No wonder then that people want to buy platinum as an investment.

With Uphold, you can buy platinum online, and trade platinum online in seconds. All you need to do is set up a free account, fund it with your chosen fiat currency or cryptocurrency, add a platinum Account, and then 'send' funds to it. 

We’ll automatically exchange your fiat currency deposit at our best available rates and deposit it straight into platinum. No home safe required. Storage costs are free.

This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice and before taking any action you should consult your own advisors.

This content is correct as of October 2020

Platinum is one of the most popular precious metals and is traded all over the world. Because of its rarity and the demand from industry, the price can change quickly. 

Platinum is used in a vast array of industrial and manufacturing processes, from heart pacemakers to fuel cells, to hard drives, to catalytic converters for car exhausts. 

Approximately 80% of the world’s platinum deposits are in South Africa, making production and availability scarce. 

Platinum is traded by most precious metals’ traders worldwide, keeping the price in constant flux

Platinum is volatile:
Gold and silver prices are generally more stable.

Central banks don’t hold platinum:
It’s not recognized by the international banking system as a reserve asset.

Most platinum is used in industry:
Which means it’s susceptible to wild swings in demand.

Platinum is found in just a few places around the world:
With the most platinum reserves in South Africa and Russia, prices could skyrocket if political instability occurs in either country.

Demand from industry is strong:
With many different uses from spacecraft to hard drives to fuel cells, demand is expected to continue rising.

Platinum is rare:
Compared with gold and silver, a tiny amount of platinum is mined each year. The potential for price increases is good.

How easy is it to buy platinum with Uphold?

1. Enter your email address, personal details, and create a password. 

2. Verify your email address by clicking on the link.

3. Your account will be created instantly and you can start using Uphold.

It's ridiculously easy to buy and sell platinum on Uphold

Platinum

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Gold has successfully preserved wealth through thousands of generations. The same, can't be said for paper currencies. This has made gold one of the great hedges against inflation.

In 1970, one ounce of gold equaled $35.8 - enough to buy a  suit. If you had an ounce of gold today and converted it at today's prices, you'd still be able to buy a suit. But if you'd kept your $35 in paper money you'd barely be able to buy a tie.

The potential of gold to preserve wealth is even more important in an economic environment where investors are faced with a declining U.S. dollar and rising inflation. 

Historically, gold has served as a hedge against both scenarios. With rising inflation, gold typically appreciates. 

When investors realize that their money is losing value, they start moving capital into a hard asset that traditionally maintains its value. The 1970s present a prime example of rising gold prices in the midst of rising inflation.

Despite such advantages, investing in gold has suffered from drawbacks, which have limited its appeal to retail investors. Liquidation spreads can be wide, making it expensive to trade in and out of; storage and insurance costs are high, at around 0.4% annually; and it's expensive and difficult to transport.

The rise of gold-backed blockchain tokens, such as Universal Gold [UPXAU] may change that by bringing digital portability, lower fees, and zero storage costs.

The gold price changes 24/7/365, as it’s traded all over the world on many different exchanges.

There’s more gold bullion than we need, so changes in price are linked to market sentiment and events, rather than availability.

Here are the three main factors that affect the gold price:

Uncertainty: When times are bad and there’s economic instability, demand for precious metals is usually strong as investors seek a safe-haven. 

Economic issues: Changes in economic policy, or the strength of a nation’s currency, or interest rates can all affect the price of gold.

Demand: Precious metals aren’t just for hoarding by governments or the rich. Gold is used in industrial processes. The other big driver is the jewelry trade. During times of prosperity, people are more likely to buy jewelry. In some eastern countries, precious metals are given as gifts in the form of coins or bars to family members. 

Gold is an outdated investment:
Sure, gold has been used for centuries by people both rich and poor to hold or transfer wealth. 

There's so much gold; we don't need to mine any more:
For all the practical purposes Gold is used for, that’s correct, we have plenty in government and private bank vaults across the world.

Gold is hard to use for anything (it’s too heavy):
True, gold is hefty, cumbersome, and difficult to trade with, even if it's just across the street (let alone across the world). 

We’re in uncertain times, when gold prices traditionally do well:
Gold often performs well in times of economic or political uncertainty.

Gold can be converted into digital forms:
Tokens such as Universal Gold [UPXAU] will make gold more accessible and tradable than before for mainstream investors, stimulating demand for the underlying metal that collateralizes each token.

Gold is in demand:
From digital circuitry and medical devices to jewelry and wealth creation, gold is in demand for practical uses, and when combined with economic uncertainty, could be a good investment option.  

Go to Uphold.com and click ‘Sign up’. 


Enter your email address, personal details, and create a password.
 

Your account will be created instantly and you can start using Uphold.

Want to buy USD $100 worth of gold? As soon as you transfer USD - or any other fiat currency -  to your gold sub-account, it's instantly converted into ounces at our current rates.

Gold

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Palladium is a rare precious metal used in activities such as vehicle manufacturing, electronics, fuel cells, and jewelry making. 

Most of the world's supply is deployed along with platinum to make catalytic converters for cars and lorries. But thanks to the massive surge in the production of electric vehicles, and solar panels, demand for palladium is rising.

Hence, it’s intensively traded as a precious metal by investors.

You can buy palladium online in seconds using Uphold. Set up an account and just use a debit or credit card, bank, or one of seven crypto networks to deposit straight into palladium with no intermediate currency conversion.

Although palladium is not as heavily traded as gold or silver, its demand, and unique applications in jewelry and industry, make it an exciting metal to trade. 

Palladium is used along with platinum in catalytic converters. 

Given it is rare and only found in a few places in the world, prices can remain high. 

Palladium is bought in bull markets and sold in bear markets. Gold, on the other hand, is bought during times of uncertainty, and slowly sold off during times of good fortune.

Palladium isn’t as good as gold:
Palladium can rise and fall sharply, gold is considered a more stable investment that’s in higher and more consistent demand. 

Palladium is a precious metal, but it’s not a monetary metal:
Banking reserves are almost entirely held in gold, so while it's precious, it’s not a monetary alternative.

Palladium is not well known:
Ask most people about palladium, and they won't be able to tell you. When people are talking about an investment, demand often follows.

Palladium is hard to find:
Just like platinum, reserves are limited and located in just a few places around the world. 

Demand from industry is diverse and robust:
Palladium has many uses, especially in electronics, batteries, vehicles, medicine.

More is needed, but less is available:
Palladium mining requires deep mining, where underground temperatures are high, so it’s more challenging and expensive. 

How easy is it to buy palladium with Uphold?

It's as easy as that to buy palladium with Uphold. Here's how: Go to Uphold.com and click ‘Sign up’.

Enter your email address, your personal details, and create a password.

In Europe and the United States, you can transfer money directly from your bank account or debit card into palladium. No intermediate currency conversion. In the rest of the world, you can deposit using a debit or credit card, or crypto wallet.

Palladium

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Just like gold, silver has been valued as a currency and precious metal for millennia. It’s shiny, can be made into beautiful things, and can’t be faked or manufactured.

Buying silver traditionally means one of two options:

Buy a 'paper' version of silver as an Exchange Traded Fund (ETF), futures contract or shares in a store/source of silver (like a silver mine), or;

Buy physical silver and arrange collection/storage. 

The paper version of silver can be complicated, meaning you need to understand how the ETF transactions work. With physical silver, you've got to work out how and where you'll store it, which can be an expensive challenge

With Uphold, you get the best of both worlds. 

The silver price changes continuously because it's one of the most heavily traded metals. 

Silver often follows the price of gold. So when gold goes up, silver often goes up, too. Considered a store of value, investors typically turn to silver in times of crisis.  

Silver production can be a by-product of other metals since it naturally occurs in this way. As metals like copper are mined, silver appears as a natural by-product.

Silver has many uses, especially in batteries, solar panels, and electronics. 

Silver is volatile:
One of the biggest dangers of silver is that price fluctuations can be less predictable than other commodities. Global demand can influence its value, and you may not be as easily able to predict what’s happening, which can lead to surprise losses.

It’s expensive to store:
Physical silver is difficult to store safely at home and requires secure custody. Unsecured, it’s easier for thieves to steal than a telly. 

Silver can’t be easily taken across borders:
Unlike cryptocurrency, silver is not portable in any quantity as a source or store of value if you're faced with a personal or country-wide crisis.

Silver performs well in bull metals markets:
Gold is always the metal people think of in booming metals markets, but silver often outperforms gold.

Silver reserves across the world are lower now:
While gold is held in vast quantities by governments, silver isn't. 

Silver demand is growing:
We're heading towards an electronic future. With the massive growth in solar panel, battery, and electric car production (as well as computers, smartphones, tablets, and TVs), there’s no slowdown likely for silver demand anytime soon.

How easy is it to buy silver with Uphold?

Ever used internet banking to transfer money from one account to another?

It's as easy as that to buy silver with Uphold. Here's how:


Go to Uphold.com and click ‘Sign up’. 

Enter your email address and personal details and create a password
 

In the rest of the world, you can use a debit or credit card, or crypto wallet on seven networks.

In Europe and the United States, you can transfer money directly from your bank account or debit card into Silver. No intermediate currency conversion.

Uphold’s ‘Anything to Anything’ trading experience will make any currency exchange a seamless, commission-free process.

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