About 71 tons worth of platinum ingots were found off the coast of Cape Cod. The treasure is part of the shipwreck of the S.S. Port Nicholson.
Platinum is a rare, durable, and lustrous precious metal, which has become a staple in diamond jewelry settings. Read this post to learn more about the history of platinum.
Gold gets a lot of press, but platinum has a lot of value as a precious metal, as well. Manhattan Gold & Silver can help with all your platinum refining needs.
As discussed in a previous post on platinum prices, the primary industrial use of Platinum Grou
n December of 2008, gold prices outpaced platinum for the first time since the 1990’s. The primary use of platinum is as a catalyst for the auto industry, so prices were depressed by a lack of demand for new vehicles. At that time gold’s journey to new highs was driven by investors concerned with the increased debt load and deficits of the US and other Western economies.
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