Platinum is a precious metal and is used in a number of functions and processes. Platinum is used as a catalytic converter on motorised vehicles, and a catalyst for nitric acid production used in the production of fertilisers and explosives. A number of economies favour the consumption of platinum for the purpose of making jewellery, given the increased popularity of white metal jewellery in the US and also emerging markets. It is also seen as a good investment market. Platinum is otherwise known as high octane gold.
There is considerably less platinum available in the market than gold, which is an important factor which may have an important implication on supply for you to consider.