Sunday, July 5, 2009

Platinum use is on the rise

More and more applications for platinum are being discovered on a yearly basis. Right now the major uses for platinum are:

platinum thermometers
petroleum refining using platinum
electronics and scientific aparatus.
platinum jewelry
platinum used by dentists
platinum anti-pollution tools

There is no doubt that platinum is a great investment because all these things are tied to the huge growth occurring in India, Brazil, and China. Right now these countries barely use any platinum but every month they are increasing their usage so that can only be good for the price of platinum. Investing in platinum is a very good idea for the long term. Platinum mines have been having issues but that will soon be behind us and production should not be an issue. What happens with futures and options and stocks surrounding platinum should be more interesting in the short term.