Platinum is one of the world’s most desirable precious metals, but it is often overlooked by investors interested in gold and silver because of the greater value of gold and increased variety of both metals. Platinum is a metal that has had an up-and-down production history in recent years around the globe. The metal was in high demand until the late 1990s as prices sank, mints and refineries exited the market. However, rising platinum prices in the early 21st century brought more producers back into the marketplace, with new coins and bars appearing for investors to snatch up.
The rising demand for platinum has more to do with its wider use. While gold and silver remain exclusively used in industries such as jewelry and small technology products, platinum is used catalytic convertors for automobile engines, dental equipment, lab equipment, electrical contacts and even electrodes.