Platinum is one of the rarest elements on Earth, making it a highly desired metal for use in jewelry, industrial applications, and investments. It has a beautiful white-silvery color and its distinctive patina makes it resistant to tarnishing.
With its natural whiteness, platinum is often referred to as ‘white gold’.
Among the key elements that make platinum so special is its incredible strength and durability. It’s largely immune to corrosion and scratches, making it less prone to wear and tear, while maintaining its beauty.
Platinum has a higher melting point than both gold and silver, and is generally denser than either of them, which makes it more valuable as it takes up less space. Its thermal and electrical conductivity is also higher than gold and silver, making it increasingly popular for industrial use.
Platinum is also highly resistant to chemical attack, unlike gold and silver, and does not react with air or water. This makes it a great choice for uses where corrosion and oxidation would be common problems for other metals.
Overall, the unique combination of properties, beauty and rarity of platinum makes it such a special and widely desired metal.
What are 3 interesting facts about platinum?
1. Platinum is one of the rarest elements in the world and is among the most expensive of all the precious metals. It is estimated that there are only about 0. 005 ppm (parts per million) of platinum in the earth’s crust.
2. Platinum has a wide range of uses, from jewelry to industrial and medical applications. It is also used in the manufacture of catalytic converters, electrical contacts, and scientific instruments.
3. Platinum is extremely resistant to tarnishing and corrosion because of its unique molecular structure. It is even used as a protective coating for other metals because it will not corrode or fade.
Platinum is so sturdy that it has been known to survive even the most intense of fires, making it ideal for storing important jewelry and documents.
What are 3 things platinum is used for?
Platinum is a valuable metal with a range of uses, from jewelry and electrical circuits to cancer treatments and medical implants. Here are three of the most common uses for platinum:
1. Jewelry and Other Decorative Objects: Platinum is most commonly known as a precious metal used in jewelry and other decorative objects, such as watches, coins, and figurines. This is due to its unique properties which make it highly resistant to corrosion and discoloration.
Its high melting point of 1772. 33°C (3217. 59°F) and heavy weight also make it a desirable choice for creating luxurious items.
2. Industrial and Electrical Uses: Platinum is also widely used in industrial and electrical applications due to its excellent conductivity. It is used in the production of catalytic converters for automotive engines, as well as for electrical contacts and printed circuit boards.
Some of the most valuable properties of the metal, such as its high melting point and durability, make it a great choice for many electronics and industrial applications.
3. Medicinal Purposes: Platinum is also widely used in the medical field, including cancer treatments and medical implants. Platinum nano-particles, also known as cisplatin, are used in chemotherapy treatments to selectively target cancerous cells.
In addition, it is used as a coating on medical implants such as stents, pacemakers and artificial hip joints, to reduce the risk of rejection and to provide protection against corrosion. Platinum is also used in dental implants.
Why is platinum so rare?
Platinum is an incredibly rare metal that is found in nature in tiny amounts. For centuries, it has been valued for its beauty, its resistance to tarnish and corrosion, and its use in jewelry and other objects.
Its scarcity is due to several factors. First, platinum is an extremely dense metal, making it hard to extract from its ore. Even when it is extracted from its ore, it is still difficult to produce in pure form, as it tends to react with other elements in the atmosphere.
Secondly, platinum is not found in large concentrations within the earth’s crust; it tends to be found in minute amounts, mixed with other elements, over large areas. Third, unlike some other metals, there is no creature that can absorb, store, and transport significant amounts of platinum from one area to another.
Finally, since only tiny amounts of platinum exist in the earth’s crust, it is not feasible to mine in many areas. Therefore, it is extremely rare and consequently commands a high price.
How rare is platinum?
Platinum is considered to be one of the rarest elements on Earth, and generally it is more rare than gold or palladium, though there are parts of the world that have higher concentrations of these elements.
Platinum can typically be found in alluvial deposits, as well as in certain ore bodies. It is estimated that the Earth’s crust contains around 0. 0001% to 0. 005% platinum by mass. That equates to about one gram of Platinum for every 10 tons of Earth’s crust.
It is also estimated that less than one part per billion of the Earth’s oceans hold Platinum in dissolved form. This accounts for only around 0. 00012% of the total Platinum on Earth. This rate of production combined with its popularity in jewelry and industry makes Platinum a relatively expensive metal compared to its less rare metal counterparts.
Is platinum stronger than gold?
Overall, platinum is generally stronger and more durable than gold. Gold is a soft metal, making it prone to scratching and other types of damage. Platinum is naturally hypoallergenic, so it does not react to skin or cause allergic reactions.
It is a much denser metal than gold, making it much more resistant to damage and wear. Platinum is also less likely to discolor or tarnish over time since it does not react to oxygen. Platinum is harder than gold, making it better for jewelry that will be worn often or for a long period of time.
Platinum’s strength and resilience are the primary reasons why it is more expensive than gold.
Is platinum Rare or diamond?
Platinum is a rarer metal than diamonds, making it more valuable. The USGS estimates that there are only 10 tons of available platinum per year compared to 130 million carats of diamonds. Platinum is more expensive because it is rarer than other precious metals.
It is estimated that 90% of the world’s supply of platinum is used within the jewelry-making industry. In comparison, diamonds are relatively abundant and can be sourced from many mines throughout the world.
Why is platinum considered better than gold?
Platinum is generally considered to be more valuable than gold because it is rarer and physically stronger. It is approximately 30 times more rare than gold and is more difficult to mine and process.
This gives it a natural scarcity and subsequently a higher market value. Platinum is also much denser than gold, making it more durable. It won’t scratch or dent easily, meaning that it will maintain its value for longer.
From a purely aesthetic point of view, there is also a big difference in the look and feel of the two metals. Gold has a prominent yellow hue, while platinum has a more silvery-white color that many consider to be more modern, luxurious and stylish.
Platinum is also hypoallergenic, so it won’t create a reaction on the skin like some metals can. Furthermore, when platinum is alloyed together with other metals, it has a higher melting point, greater strength and more impressive ductile properties than gold.
This makes it an ideal choice for use in fine jewelry and other commemorative items.
Why is platinum a good investment?
Platinum is considered to be a very good investment for a number of reasons. First and foremost, platinum is a rare and precious metal, meaning that its value tends to fluctuate less than other metals like gold or silver.
Additionally, platinum is not just used for jewelry or industrial purposes, but is also used in the medical field. This means that, even if the value of the metal itself remains steady, platinum may become more valuable as medical and technological advances are made.
Furthermore, platinum is a great way to diversify portfolios, since it performs differently than other traditional investments, such as stocks or bonds. Finally, platinum is one of the more scarce metals, which can make it a safe investment during times of financial uncertainty.
Thus, with all of these factors, platinum is widely regarded as a sound and secure investment.
What metal is 30 times rarer than gold?
The metal Ruthenium is 30 times rarer than gold. Ruthenium is a transition metal in the platinum group which also includes palladium, osmium, rhodium, and iridium. It is the 44th most abundant element in the Earth’s crust, making up about 0.
001 ppm of the crust’s ATOM percent. It was discovered in 1841 by Karl Ernst Claus in Russia and is symbolized as Ru on the periodic table of elements. Ruthenium is a hard metal and has many industrial uses.
It is used in the production of metal alloys, semiconductor electronics, photographic chemicals, and catalysts. In jewelry, it is alloyed with gold or platinum to create white gold and it is also used as a decorative accent for watches and other jewelry.
It is desirable for its rarity, strength, and its ability to resist tarnishing, corrosion, and wear-and-tear.
Why did gold surpass platinum?
Gold has surpassed Platinum primarily due to its greater availability and cost effectiveness. Gold is found far more abundantly in the Earth’s crust than Platinum, making it available to people in a variety of different forms and at a much lower cost.
On the other hand, Platinum is rarer and more expensive due to its higher concentration, meaning it is much harder to come by. Additionally, Gold is an incredibly versatile material, used in jewelry, electronics, coins and bars – and as a result, its price fluctuates far less than that of Platinum.
Furthermore, Gold is much easier to work with than Platinum, offering considerable advantages in terms of cost, safety and speed of production. As a result, it has become the preferred metal of many investors, who also consider it to be a good “safe haven” asset due to its intrinsic value.