Concept. September 10, 2021. Facts about Platinum

in LeoFinancelast month

Picture Steemit SteemLeo World Finance.jpg

Platinum is a rare metal. Its atomic number is 78 and it has a very high melting point. Its main use is in catalytic converters in cars and jewelry. It is stored in the form of bullion bars and coins.

For almost 100 years platinum has been more expensive than gold. Sometime in the previous decade gold became more expensive than platinum. Currently, it is possible that platinum recovers its price because of the continuos demand for new cars and the requirements for clean emissions. In addition, the price of palladium which also has been used for the catalytic converters has become too expensive.

The scarcity of platinum will remain. So far, according to this article, only 10000 tonnes of platinum have been mined. These can be represented by an 8 cubic meter cube.

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.

Posted Using LeoFinance Beta

Sort:  

the green shift will increase some metals and should be the case with platinum

I agree. I expect it to increase price relative to gold starting in 2025

I think 2025 will also be an important year for the whole blockchain world

Why is that?

Posted Using LeoFinance Beta

I believe there will be strong mass adoption in 2025

Congratulations @marcusantoniu26! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You published more than 1000 posts.
Your next target is to reach 1100 posts.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from Day 7