Gold or platinum or both
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About 25 percent of platinum demand last year went to the jewelry industry. And platinum is becoming increasingly popular, because it not only scores points with its white shimmer, it is also hypoallergenic. Platinum has a purity of 95 percent. Gold (18 carat), on the other hand, has a purity of only 75 percent. Platinum is also about 30 times rarer than gold. The troy ounce of platinum currently costs around 891 US dollars. This makes platinum significantly cheaper than gold.
Special properties make platinum suitable for industrial applications, for example in power converters, especially in automotive catalytic converters and also in medicine (pacemakers). According to a survey in China, Japan, India and the USA, the platinum jewelry market, which was hit by the pandemic, is already recovering.
But if you don't want to buy jewelry, but rather invest in precious metals, then you can kill two birds with one stone with Sibanye-Stillwater. The company has large platinum and palladium projects in the USA and South Africa. Sibanye-Stillwater is also one of the major gold producers.
If you want to concentrate on gold when investing, you should take a look at OceanaGold. This medium-sized gold company has two gold mines in New Zealand and the Haile gold mine in the USA in its portfolio. The Didipio gold-copper project in the Philippines is also included. OceanaGold also has strategic investments (option and joint venture agreements) and equity positions in two exploration companies.
Current company information and press releases from OceanaGold (https://www.resource-capital.ch/en/companies/oceanagold-corp/) and Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/).
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