Like gold including silver, platinum and palladium are also precious metals since their presence in the earth's crust is uncommon. Currently, platinum is rarer than gold.

So why is Gold Silver not selling them?
It has to do with their applications and their place as a haven. Before investing in these metals, here's what you need to know.

Are Investment Metals for Platinum and Palladium
Platinum (Pt) and palladium (Pd) belong to the Platinum Metals Group (PGMs). They are both silvery in color platinum is originally derived from the Spanish word platinum, meaning "little silver.

These metals are used almost in industrial applications, especially in catalytic converters, to minimize automobiles' emissions, given their specific chemical composition. In diesel engines, platinum is used more frequently, while palladium is often used in gasoline engines. How much of the PGMs are for commercial use? Here is a breakdown of all four precious metals, including the most famous commodities. We are the best sell silver UK search of yours.

The fact that platinum and palladium are almost exclusively commercial metals is evident. And find out gold, just about 11 percent goes to pure industrial applications. These numbers fluctuate somewhat per year.

And even though the use of catalytic converters will not end in the immediate future, the long-term picture is dreary. Electric vehicles do not need a catalytic converter, so no emissions are produced (hybrid vehicles use PGMs. Palladium is highly vulnerable; experts believe auto catalysts will gradually replace it with platinum after a recent supply shortage led to an increase in its price. As you might expect, very little goes into real expenditure, with businesses gobbling most PGMs.

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Just about 2.5% of platinum and palladium goes into investment. In fact, for several years now, investment demand for both bullion and ETF holdings has been diminishing. PGM prices adjust to the forces of supply and demand. And because the investment is so limited, if demand spikes, it may affect their prices. However, investment demand is generally projected to remain a tiny part of PGMs in the big picture. Gold is money; on the other hand, straightforward and easy. It is the only haven for humanity. That accounts for why the only precious metal owned by central banks is gold.

In fact, not only do central banks not keep in their official monetary reserves any silver, platinum, or palladium, they cannot hold them. That's because the international financial system and the central banking community don't accept these metals as monetary reserve reserves. A few states own inventories of these metals, but not in official stocks.

Yes, considering its high industrial use, silver is a monetary metal, too.
The bottom row for platinum and palladium is that global central banks do not regard them as monetary metals and have no interest in consumers. But while investment demand for PGMs is limited, could they still perform well during a crisis period?

Will Platinum and Palladium hedge your portfolio
Recessions and financial price declines are the most significant crises that an investor faces. Here's how, during any of those economic downturns, the platinum price has done.

During recessionary times, the platinum price has suffered. In all but one, and most situations by double digits, it dropped. This goes back to its use; consumers know that the vast majority of platinum is used in commercial applications, so the metal demand will inevitably collapse. The market will sell silver as the economy is declining. The palladium price dropped in five of the seven recessions, rising modestly by one and double digits in 1974, respectively. Still, as a haven commodity during recessions, this poses a poor situation.

In five of the seven withdrawals, the gold price rose, was steady in one, and dropped by single digits in two. This, when you think about it, makes sense. The sort of climate in which gold thrives is economic volatility, and investor anxiety grows during recessions. First, how did platinum and palladium do through declines in the stock market? This is especially true now when every metric overvalues stocks. This table looks at the eight largest drops since the mid-1970s in the S&P 500 and analyses how each of the four precious metals worked. Not all of the red with platinum and palladium, and all of the green with gold in comparison.

On average, during the worst stock market falls, gold is the only metal that has generally risen, whereas palladium and platinum fell, often acutely. After a financial market collision, how likely are PGMs to hedge your investment portfolio? History says it's not at all very probable.

This Verdict
We do not sell platinum and palladium because they are not monetary metals during recessions or stock market crises. They do not support customers, and their applications are predominantly commercial. The bottom line is that platinum and palladium were never used as money, and now they are not money. People don't run into PGMs anytime there's a currency crisis. We are persuaded that buyers will flock to gold and silver in the coming recession, the ultimate type of sound money and the last resort for a haven.