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Investment in platinum is often compared in financial history to gold and silver, which were both known to be used as money in ancient civilizations. Experts posit that platinum is about 15–20 times scarcer than gold and approximately 60–100 times scarcer than silver, on the basis of annual mine production.
As of 2020, the most expensive non-synthetic element by both mass and volume is rhodium. It is followed by caesium, iridium and palladium by mass and iridium, gold and platinum by volume. Carbon in the form of diamond can be more expensive than rhodium. Per-kilogram prices of some synthetic radioisotopes range to trillions of dollars.
Platinum is more ductile than gold, silver or copper, thus being the most ductile of pure metals, but it is less malleable than gold. [14] [15] Its physical characteristics and chemical stability make it useful for industrial applications. [16] Its resistance to wear and tarnish is well suited to use in fine jewellery.
Platinum and gold are two precious metals and … Continue reading → The post Platinum vs. Gold Investment: Which Is Better? appeared first on SmartAsset Blog.
Platinum is a particularly useful metal; over a third of the annual world production goes for catalytic converters, and new fuel cell technology depends on it as well. However, when it comes to ...
In 2012, the Perth Mint produced a 1-tonne coin of 99.99% pure gold with a face value of $1 million AUD, making it the largest minted coin in the world with a gold value of around $50 million AUD. [2] China has produced coins in very limited quantities (less than 20 pieces minted) that exceed 8 kilograms (260 ozt) of gold.