Buying Platinum

Platinum is a valuable white metal. Platinum has an atomic number of 78 and a chemical symbol of PT. Platinum’s name is derived from a Spanish word platina which means little silver. Platinum is a malleable, ductile, gray white precious metal. It has 6 natural occurring isotopes. Platinum is one of the earth’s rarest elements in its crust. Platinum is the most ductile metal of the metal family i.e. Gold, Silver, Copper.

Platinum like Gold doesn’t oxidize but will and can corrode with sulfur, cyanides, and halogen. Pure Platinum is a good deal harder then pure Iron. Platinum is a great metal for use in jewelry due to its inability to tarnish and durability.

Platinum has a high dollar value and is high because it’s a costly and rare metal but still is widely used in a vehicle catalytic converter to help with vehicle emissions. As long as the automotive field continues buying platinum there will be a big demand for people to continue buying platinum. Platinum’s market value is also high also due in part because of the 245 tons mined in 2010 113 tons where used in vehicle emission control devices. Platinum prices will remain high as long as there is a shortage and need for platinum to be used in many other things from oxygen sensors and engine parts in the automotive field.

Platinum is mostly mined out of South Africa and is a much rarer find then Gold and Silver. Platinum is often mistaken for Silver because of its similar color. Platinum, like Gold and Silver, can be formed into ingots and coins which are traded and collected on the precious metal market. There are many who enjoy buying platinum because of its value. Buying platinum is another way to invest your money. Buying platinum bullion can be a great way to form a savings or nest egg. Buying platinum jewelry is a great way to express your love to a loved one because it’s a metal that really will last forever. There are many dealers interested in buying platinum back from you if and when you find yourself needing some extra cash. There are second hand stores that resell and are a great way to be buying platinum jewelry at a discounted price so that you are not paying a huge markup. You can locate a dealer in your area buying platinum by looking under dealers in my area buying platinum in the phone book. Another great search option is doing a web search for dealers buying platinum in your area under dealers buying platinum in my area.