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 jewelry, commonly sold as .999 or .9995 fine. 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 including: [[Rolex]], [[Vacheron Constantin]], [[Patek Philippe]], [[Breitling SA|Breitling]], and other companies which use platinum in select 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 can exceed that of the price of gold.<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> As an investment, platinum is similar to gold in being a relatively low risk investment, or "safe-haven", in times of economic crisis.<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>

In the 18th century, platinum's scarcity, traits, and intrinsic value 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>

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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
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