More Than A Precious Metal: How Platinum Improves Our World

Within the hierarchy of precious metals, there is only one metal that could arguably stand above gold, and that is platinum…

by Nicholas LePan of VisualCapitalist.com from Zero Hedge

Authored by Nicholas LePan via VisualCapitalist.com,

Within the hierarchy of precious metals, there is only one metal that could arguably stand above gold, and that is platinum.

This is due in large part to the metal’s rarity throughout history. Its earliest known use was on the Casket of Thebes in Ancient Egypt. South American Indigenous populations also used platinum for jewelry.

But platinum’s value goes beyond being a precious metal—its specific properties have made it indispensable to the modern economy, improving both the health and the wealth of the world.

Platinum’s Industrial Applications

Today’s infographic comes to us from the World Platinum Investment Council and outlines specifically how specific platinum’s properties are used in the modern economy.

There are four primary uses of platinum aside from investment demand.