Today’s Find: One Ounce Platinum Bar (Valcambi Suisse)

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We don’t see platinum walk in the store very often and when it does, I happen to purchase some of it myself.

Three Reasons I buy platinum.

  1. Not much of it around compared to gold. How much platinum has been mined since the dawn of time?  Supposedly, it could all fit inside the average size living room.
  2.  It is being used up.  Because of its non-reactive properties, platinum is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry (wikipedia). There are between 3-7 grams of platinum group metals in a standard catalytic converter, but the amount varies based on manufacturer and model
  3.  The price of Platinum is historically low compared to gold. Gold and Platinum often go up and down in tandem. Recently platinum and gold have diverged.  There is a good chance Platinum will recover and continue the old pattern.

Call 617-482-5705 or email us at info@kenmorecollectibles.com for more information. Always buying.

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