Investing in Platinum

Explore what makes platinum distinctive and the factors that influence its price.

Why Consider Platinum?

Platinum is a rare precious metal with uses in jewellery and industry. Through FirstGold™, you can build holdings in physical platinum allocated to you and stored in an insured vault.

Rare and Precious

Platinum is relatively scarce. Its supply depends on mining and recycling, while demand comes from several industries and investors. Scarcity is one factor in its price, although it does not guarantee that its value will rise.

Industrial Applications

Platinum is used in vehicle emission systems, as well as in chemical processes, electronics and other industrial applications. These uses connect demand for platinum to changes in technology and manufacturing.

Portfolio Diversification

Some investors hold platinum alongside assets such as shares, bonds, cash or other precious metals. Its price is influenced by different factors, but diversification does not remove the risk of a loss.

Physical Ownership

Platinum is a durable physical metal. With FirstGold™, you can view and manage your holdings through your account. The metal remains physical even as its market price changes.

Ways to Invest

Investors can consider physical platinum bullion and other platinum-related products. FirstGold™ focuses on physical metal that you can buy, track, sell or redeem through your account.

Changing Technologies

Platinum is used in catalytic converters for petrol, diesel and hybrid vehicles, and it has applications in hydrogen fuel cells. Future demand will depend on how these and other technologies develop.

What Influences Platinum Prices?

Supply and Demand

Mining output, recycling and demand from jewellery, industry and investors all affect the balance of the market.

Events in Producing Regions

Disruptions to mining, trade or transport in major producing regions can affect the available supply of platinum.

Economic Conditions

Manufacturing activity, vehicle production and consumer demand can change how much platinum businesses need.

Currency Movements

Platinum is commonly quoted in US dollars. Exchange rates can therefore affect the price Australian buyers see.

Investor Sentiment

Expectations about future supply, demand and economic conditions can influence buying and selling activity.

Technology and Substitution

New technologies may create uses for platinum, while alternative materials or changing vehicle technology may reduce demand in other areas.

Available Inventories

Changes in the amount of platinum held in market inventories can influence perceptions of scarcity and supply.

Platinum’s rarity and range of uses make it a metal many investors choose to learn more about. If physical platinum fits your plans, FirstGold™ gives you a way to start building and managing your holdings.

Start an Account

Get Started With FirstGold™

Open an account today

Open an account

Download the FirstGold™ app and create your account in a few simple steps.

Add funds

Transfer funds to your account when you’re ready to buy.

Buy your metal

Choose physical gold, silver or platinum and track your holdings in the app.

Manage it your way

See your holdings, follow live prices, and buy, sell, transfer or redeem through the app.

Frequently Asked Questions

View all FAQs

What am I buying with FirstGold?

You’re buying physical gold, silver or platinum. The metal you purchase is allocated to you and shown in your FirstGold account.

Can I start with a small amount?

Yes. You can start with an amount that suits you and add to your holdings over time.

Why is the purchase price different from the spot price?

The spot price reflects the market value of the metal. The price of physical bullion also accounts for costs such as minting and dealer premiums.

Will the value of my metal change?

Yes. Precious metal prices move with the market, so the value shown in your account can rise or fall.

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Choose your metals and start building real savings today.