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<p>[QUOTE=&quot;TDRismyname, post: 975378, member: 26939&quot;]<a href="http://en.wikipedia.org/wiki/Platinum" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Platinum" rel="nofollow">Reply to guy who said &quot;Japan uses all the platinum for Jewlery&quot; </a></p><p><br /></p><p><a href="http://en.wikipedia.org/wiki/Platinum" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Platinum" rel="nofollow">http://en.wikipedia.org/wiki/Platinum</a></p><p>Of the 239 tonnes of platinum sold in 2006, 130 tonnes were used for <a href="http://en.wikipedia.org/wiki/Vehicle_emissions_control" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Vehicle_emissions_control" rel="nofollow">vehicle emissions control</a> devices, 49 tonnes were used for jewelry, 13.3 tonnes were used in electronics, and 11.2 tonnes were used by the chemical industry as a catalyst. The remaining 35.5 tonnes produced were used in various other minor applications, such as electrodes, anticancer drugs, oxygen sensors, spark plugs and turbine engines.<a href="http://en.wikipedia.org/wiki/Platinum#cite_note-USGS-Y-06-26" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Platinum#cite_note-USGS-Y-06-26" rel="nofollow">[27]</a></p><p><br /></p><p>49/239 = 20%... aka 80% of Platinum IS USED FOR USEFUL STUFF... sorry I was off by 10%, but that was 2006 and it&#039;s probably 90% by today.</p><p><br /></p><p><br /></p><p>It&#039;s really not looking good for gold... if you look at the 1 year graph it&#039;s nearly flat. Gold has peaked, or will peak within months, and you can&#039;t tell me Platinum isn&#039;t 100x more useful and BETTER for jewelry than gold, cuz nobody buys 24k gold jewelry but people will buy .9995 pure platinum rings all day long. Yes china is buying gold, but gold is 10x easier to produce than Pt, which requires actual electrorefining or hydrometallurgy to extract from copper or nickel ore... it doesn&#039;t just sit in placer deposits ALL OVER the globe like gold, save the urals and columbia platinum has very few sources and very many applications. Gold has many sources and few applications. It&#039;s best quality is it&#039;s appearance.[/QUOTE]</p><p><br /></p>

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