Editing Platinum (section)

=== As an investment ===
{{main|Platinum as an investment|Platinum coin}}

Platinum is a [[precious metal]] [[commodity]]; its [[bullion]] has the [[ISO currency code]] of XPT. Coins, bars, and ingots are traded or collected. Platinum finds use in jewellery, usually as a 90–95% alloy, due to its inertness. It is used for this purpose for its prestige and inherent bullion value.<ref>{{cite web|url = http://www.professionaljeweler.com/archives/articles/2004/aug04/0804fys.html|title = Professional Jeweler's Magazine Archives, issue of August 2004|access-date = 19 June 2011|url-status = live|archive-url = https://web.archive.org/web/20110928115918/http://www.professionaljeweler.com/archives/articles/2004/aug04/0804fys.html|archive-date = 28 September 2011|df = dmy-all}}</ref><ref>{{cite web|url = http://www.diamondcuttersintl.com/a-platinum-primer|title = Platinum primer|publisher = Diamond Cutters International|access-date = 18 June 2011|url-status = live|archive-url = https://web.archive.org/web/20110927045943/http://www.diamondcuttersintl.com/a-platinum-primer/|archive-date = 27 September 2011|df = dmy-all|date = 2008-12-12}}</ref>

In [[watchmaking]], [[Vacheron Constantin]], [[Patek Philippe]], [[Rolex]], [[Breitling SA|Breitling]], and other companies use platinum in some of their watches. Watchmakers appreciate the unique properties of platinum, as it is more durable than gold, but similar to gold, it does not tarnish.<ref>{{cite web|url = http://watches.infoniac.com/index.php?page=post&id=44|title = Unknown Facts about Platinum|publisher = watches.infoniac.com|access-date = 9 September 2008|url-status = dead|archive-url = https://web.archive.org/web/20080921210250/http://watches.infoniac.com/index.php?page=post&id=44|archive-date = 21 September 2008|df = dmy-all}}</ref>

During periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold, whereas during periods of economic uncertainty,<ref name="TheSpeculativeInvestor">{{cite web|title = Platinum versus Gold|publisher = The Speculative Invertor|url = http://www.speculative-investor.com/new/article150402.html|date = 14 April 2002|url-status = dead|archive-url = https://web.archive.org/web/20081026073657/http://www.speculative-investor.com/new/article150402.html|archive-date = 26 October 2008|df = dmy-all}}</ref> the price of platinum tends to decrease due to reduced industrial demand, falling below the price of gold. Gold prices are more stable in slow economic times, as gold is considered a safe haven.<ref>{{cite journal|title=Are safe haven assets really safe during the 2008 global financial crisis and COVID-19 pandemic? |first1= MB |last1=Hasan |first2=MK |last2=Hassan |first3=MM |last3=Rashid |first4=Y |last4=Alhenawi |doi=10.1016/j.gfj.2021.100668 |journal=Global Finance Journal |issue=3 |pages=1–11 |year=2021 |volume= 50 |pmid=8575456|pmc=8575456 }}</ref> Although gold is also used in industrial applications, especially in electronics due to its use as a conductor, its demand is not so driven by industrial uses.<ref>{{cite journal|title=An overview of global gold market and gold price forecasting |first1=Shahriar |last1=Shafiee |first2=Erkan |last2=Topal |doi=10.1016/j.resourpol.2010.05.004 |journal=Resources Policy |issue=3 |pages=178–189 |year=2010|volume=35 |bibcode=2010RePol..35..178S }}</ref> In the 18th century, platinum's rarity made King [[Louis XV of France]] declare it the only metal fit for a king.<ref name="mineralszone">{{cite web |title=Platinum |publisher=Minerals Zone |url=http://www.mineralszone.com/minerals/platinum.html |access-date=9 September 2008 |url-status=dead |archive-url=https://web.archive.org/web/20081012110510/http://www.mineralszone.com/minerals/platinum.html |archive-date=12 October 2008 |df=dmy-all }}</ref>

<gallery widths="200px" heights="160px">
File:One litre of Platinum.jpg|1,000 cubic centimeters of 99.9% pure platinum, worth about US$696,000 at 29 Jun 2016 prices<ref name="WolframAlpha">{{cite web|title=21.09kg Pt|url=http://www.wolframalpha.com/input/?i=21.09kg+Pt|publisher=WolframAlpha|access-date=14 July 2012|url-status=live|archive-url=https://web.archive.org/web/20140823232339/http://www.wolframalpha.com/input/?i=21.09kg+Pt|archive-date=23 August 2014|df=dmy-all}}</ref>
File:Platinum price.webp|Platinum price 1970–2022
</gallery>