Today, platinum has become the precious metal of choice for investors.
Platinum is a multi-faceted precious metal.
The metal plays an integral role in the production of one out of every five consumer goods,including glass, paints, nitric acid, fiberoptic wires and gasoline. Approximately 10 tons of ore must be mined from deposits, sometimes almost a mile underground, to produce one pure ounce of platinum. This process usually takes six months. All the platinum ever mined throughout history would fill a room less than 25 cubic feet. This important designation is due to its unique physical qualities which make it irreplaceable in many defense and industrial applications and in the fight against pollution.