Platinum: The Most Precious of the Precious Metals
It’s rarer than gold. Over fifteen times rarer, in fact. The annual supply of platinum -- about 130 tons -- is the equivalent of just 6 percent of gold’s annual production. There’s twice as much steel poured everyday as platinum produced in one year.
Even so, platinum, the hardest of the precious metals, has far more industrial uses than either gold or silver. And half of the annual supply of platinum involves industrial consumption of the beautiful silver/white metal, which means that these consumed supplies need to be regularly replenished. Auto catalytic converters and platinum’s role as a catalyst in “cracking” crude oil are both examples of applications that consume this metal. And highlights why it’s in such demand.
A Formula for Demand
Platinum peaked in popularity in the early 1900's when it was the preferred metal for all fine jewelry in America. But, when World War II began, the U.S. government declared platinum a "strategic" metal (largely for its vital role in the Manhattan Project in 1940), thereby prohibiting it from such non-strategic uses as jewelry.
Today, however, the strategic and industrial uses, its popularity in jewelry and its coin and bar investment forms are all reasons why platinum has returned to its former glory days. This great demand, coupled with virtually no above ground supplies, a difficult production process (it takes 20,000 pounds of ore to generate just one ounce of platinum) and a politically-turbulent South African mining source (90 percent of the annual supply of platinum comes from just four mines), could make for great potential.
Popular Platinum Coins
The U.S. Mint began producing America’s first platinum coins on June 6, 1997. The Platinum Eagle quickly became one of the most popular platinum coin in the world.
Consider diversifying your paper and gold holdings with platinum coins. You’ll benefit from the relative rarity of the metal and its outlook for longterm growth.
A variety of platinum coins can be viewed, priced and purchased by Clicking Here.
It’s rarer than gold. Over fifteen times rarer, in fact. The annual supply of platinum -- about 130 tons -- is the equivalent of just 6 percent of gold’s annual production. There’s twice as much steel poured everyday as platinum produced in one year.
Even so, platinum, the hardest of the precious metals, has far more industrial uses than either gold or silver. And half of the annual supply of platinum involves industrial consumption of the beautiful silver/white metal, which means that these consumed supplies need to be regularly replenished. Auto catalytic converters and platinum’s role as a catalyst in “cracking” crude oil are both examples of applications that consume this metal. And highlights why it’s in such demand.
A Formula for Demand Platinum peaked in popularity in the early 1900's when it was the preferred metal for all fine jewelry in America. But, when World War II began, the U.S. government declared platinum a "strategic" metal (largely for its vital role in the Manhattan Project in 1940), thereby prohibiting it from such non-strategic uses as jewelry.
Today, however, the strategic and industrial uses, its popularity in jewelry and its coin and bar investment forms are all reasons why platinum has returned to its former glory days. This great demand, coupled with virtually no above ground supplies, a difficult production process (it takes 20,000 pounds of ore to generate just one ounce of platinum) and a politically-turbulent South African mining source (90 percent of the annual supply of platinum comes from just four mines), could make for great potential.
Popular Platinum Coins
The U.S. Mint began producing America’s first platinum coins on June 6, 1997. The Platinum Eagle quickly became one of the most popular platinum coin in the world.
Consider diversifying your paper and gold holdings with platinum coins. You’ll benefit from the relative rarity of the metal and its outlook for longterm growth.
A variety of platinum coins can be viewed, priced and purchased by Clicking Here.
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