Tuesday, September 15, 2009
Platinum is a grayish-white very rare precious metal. Due to its wear and tarnish resistnace platinum is used in jewelry, and has many industrial uses of which the making of catalytic converters is one of the most common. It is resistant to corrosion, malleable, and ductile. Platinum is an actively traded commodity and it's spot (Market) price is available just as gold and silver. Platinum is more precious (Rare) than gold which accounts for the price per ounce being higher than gold. The most common way to purchase platinum is in bar and coin form. You can purchase platinum bars from 1 gram to 10 ounces. The most popular platinum coins are the American Eagles and Canadian Maple Leafs. They are both available in one ounce coins and the American Eagles can be obtained in fractional (1/10, 1/4, 1/2 oz.), amounts when available. Please contact Mike at Hough Precious Metals if you would like to get more information on purchasing platinum.