Price of Platinum over the years
For many investors, it is very important to study the trends and the price of platinum history in order to make speculations about the price of platinum for investment purposes. You can visit various online exchange sites and know the price trends for all time and also for specific months and years in order to make calculations about the price trends. You can study these charts and invest wisely in the platinum metal according to the price of platinum per gram.
You can note down the spot price of platinum, which is provided in the form of platinum price per gram, per ounce or troy ounce and should be aware that the spot price is something that keeps varying, depending on the market conditions. The demand and supply affect the price, as the supply of platinum is very widespread and there are certain pockets where it is concentrated. You can usually find the platinum group of metals together, such as rhodium and palladium along with platinum. 80% of the world platinum comes from South Africa with Russia also being a major supplier.
If you observe the prices, you will note that there have been many changes in the price of platinum history over the past fifty years. After the Second World War, it has been seen that platinum is increasingly being used in several industrial applications leading to the rise in the price of platinum per gram. It has been used in catalysts in the petroleum industry as also to create feedstock for the plastic business. Jewelry also forms major bedrock for the development of the price of platinum history.
The Japanese were greatly attracted with the purity and prestige value that platinum provides to jewelry and slowly this attraction permeated other markets in countries, such Switzerland, Italy, Germany and also to the UK, the US and in China as well.
Today, there are also regulations in place regarding the emissions of clean gases from automobiles and platinum has been used towards this purpose as an auto catalyst. This is because it is capable of converting noxious gases into harmless ones. The price of platinum history has also been deeply impacted due to all these different and novel applications.
Looking for a precious metals provider that sells silver, gold and platinum coins and bullion? Click here to visit our favorite provider (FREE SHIPPING!).
References:
http://buy-gold.net/scrap-gold-where-to-find-second-hand-gold
http://www.precious-metal.net/world-mint-directory/
For many investors, it is very important to study the trends and the price of platinum history in order to make speculations about the price of platinum for investment purposes. You can visit various online exchange sites and know the price trends for all time and also for specific months and years in order to make calculations about the price trends. You can study these charts and invest wisely in the platinum metal according to the price of platinum per gram.
You can note down the spot price of platinum, which is provided in the form of platinum price per gram, per ounce or troy ounce and should be aware that the spot price is something that keeps varying, depending on the market conditions. The demand and supply affect the price, as the supply of platinum is very widespread and there are certain pockets where it is concentrated. You can usually find the platinum group of metals together, such as rhodium and palladium along with platinum. 80% of the world platinum comes from South Africa with Russia also being a major supplier.
If you observe the prices, you will note that there have been many changes in the price of platinum history over the past fifty years. After the Second World War, it has been seen that platinum is increasingly being used in several industrial applications leading to the rise in the price of platinum per gram. It has been used in catalysts in the petroleum industry as also to create feedstock for the plastic business. Jewelry also forms major bedrock for the development of the price of platinum history.
The Japanese were greatly attracted with the purity and prestige value that platinum provides to jewelry and slowly this attraction permeated other markets in countries, such Switzerland, Italy, Germany and also to the UK, the US and in China as well.
Today, there are also regulations in place regarding the emissions of clean gases from automobiles and platinum has been used towards this purpose as an auto catalyst. This is because it is capable of converting noxious gases into harmless ones. The price of platinum history has also been deeply impacted due to all these different and novel applications.
Looking for a precious metals provider that sells silver, gold and platinum coins and bullion? Click here to visit our favorite provider (FREE SHIPPING!).
References:
http://buy-gold.net/scrap-gold-where-to-find-second-hand-gold
http://www.precious-metal.net/world-mint-directory/