Why Is Platinum So Valuable?
Just like gold and silver, platinum is a precious metal that’s valued for its rarity and diverse array of potential uses. In fact, did you know that platinum is used in more than 20% of manufactured products? Yet, there’s only a limited supply of this rare metal in the world, which is primarily sourced from South Africa and Russia. Platinum is also coveted for its beauty in jewelry. Because it’s hypoallergenic, it’s commonly used in metal alloys for jewelry that won’t irritate sensitive skin.
Due to the consistently high demand for platinum, it makes a great financial investment. Additionally, selling platinum items is a quick way to get some extra cash in your pocket.