Where to Buy Gold Platinum and Palladium recently made a break into the precious metals industry. They are precious

metals because like gold, they hold a lot of value in a very small amount of space. These metals are also

industrial metals used in various applications in dentistry, automobile production, jewelry, and in

electronics. If you are looking to invest in these metals, then take a look at these facts. Hopefully, you

shall be able to make an informed decision on whether you should invest in Platinum or Palladium.

Silver is one of the precious metals second in popularity from gold. The ancient men used it as money. By

and by other uses came up such as making clothing, American silver eagle , jewelry, electrical

appliances wood preservatives, Silver spot price , Silver price per ounce , Gold and silver prices

today and water and food purification.

These two metals can be hard to differentiate to the untrained eye. They have similar traits, which deem

confusing at times. These metals both react as catalysts to the same elements and chemicals and they

both maintain a bright white color that does not fade over time when used in jewelry. To better understand

these metals, let us review their uses, density, and prices.

Platinum

At 70%, South Africa has the largest production of platinum in the world. Platinum is much denser than

palladium. This allows for more manipulation of the metal without breaking. The versatility of platinum

raises its prices to nearly twice the price of palladium per ounce. Platinum’s uses are tangible with its

main use being for diesel engines. Platinum is the main component of catalytic converters used to convert

toxic by-products from the exhaust into being less-toxic. A powdered form of platinum is used as a

catalyst in the ignition of hydrogen in the catalyst converter on cars. For gasoline or petrol engines, either

platinum or palladium can be used – the main determinant of which metal gets used is the price. Platinum

is also used in dentistry, in the production of strong, permanent magnets and in the form of surgical

instruments and electrical contacts. Approximately 46% of platinum consumed annually is used in catalyst

operations, 31% for jewelry, and the rest for minor industrial usage. All in all, around 250 tonnes of

platinum is used annually.