Platinum Eagles: A Worthwhile Investment
Platinum Eagles continue to soar in popularity among those looking to diversify their portfolio into precious metals or rare coins. They are recognized worldwide due to their status as the certified platinum bullion coin of the United States. These stunning and uncommon platinum coins are extremely sought after as they offer buyers an easy manner to add physical platinum to a precious metals portfolio that's diversified into precious metals. First issued in 1997 after being authorized by Congress the previous 12 months, they remain the exclusive investment grade platinum bullion coins to be issued by the United States Mint. Imprinted on all American Eagles is the coin's face value, which is displayed in U.S. dollars and in that way making the coin's legal tender. It may be attention-grabbing to make note of the fact that the 1-ounce bullion coin displays a one-hundred dollar denomination, making it the larges face value to ever be displayed on a coin produced by the United States Mint. Read more
 | US $1,899.99 (0 Bid) End Date: Monday Feb-06-2012 9:07:44 PST Bid now | Add to watch list |
Platinum Rises To $1,152 Per Ounce
May 23 -Platinum rose 0.3 to $1,152.00 an ounce on Friday, up from its quote late on Thursday of $1,148.50, while palladium finished at $231.00 an ounce, with no change from the previous finish as investors looked again toward precious metals as a currency hedge against the falling dollar.
Investors are currently driving prices upwards on platinum, in response to the unstable economy here in the United States, and the continuing lack of growth in most traditional investment options, including stocks, bonds and real estate. As Platinum has a number of uses in both industrial markets and in the production of fine jewellery, it is the potential demand for platinum for within the auto industry that truly gives the precious metal the potential for long-term gains.
Almost 50 percent of the platinum produced today is purchased for use in the manufacturing of environmentally friendly high-efficiency emission reduction automobile-catalytic converters, which are crucial in reducing CO2 emissions. This demand for platinum in this upcoming growth sector could cause it to see future growth as a precious metals commodity.
