Is Platinum a Real Store of Wealth?

Marek Vochozka (), Andrea Bláhová and Zuzana Rowland ()
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Marek Vochozka: Research Department of Economics and Natural Resources Management, Institute of Technology and Business in České Budějovice, 37001 České Budějovice, Czech Republic
Andrea Bláhová: Research Department of Economics and Natural Resources Management, Institute of Technology and Business in České Budějovice, 37001 České Budějovice, Czech Republic
Zuzana Rowland: Research Department of Economics and Natural Resources Management, Institute of Technology and Business in České Budějovice, 37001 České Budějovice, Czech Republic

IJFS, 2022, vol. 10, issue 3, 1-23

Abstract: The research goal is to determine whether platinum can be seen as a good investment. For this purpose, content analysis of documents and deep learning neural networks with recurrent neural network were used. The results show that it pays for a koruna investor (a person holding their wealth in Czech koruna) to preserve their wealth physically in the form of a precious metal—specifically, platinum. The research confirms that platinum is a store of value but also a koruna investor’s wealth multiplier. This can be due to its rare occurrence in nature, but also to its unique use in manufacturing. A research limitation is the period for which the data were used. The finding that platinum is a store of value, as well as a wealth multiplier, can thus be concretized when using the data for a five-year period. It shall also be added that no turbulent changes are anticipated (such as interruption of platinum supply, unexpected government regulation of trade, etc.).

Keywords: platinum price; store of wealth; neural networks; koruna investor; wealth (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2022
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