Rodeo FX Platinum Trading
- Leverage – up to 500 times
- Number of transactions – 0.01-50 lots
- Trading deadline – no limit
- Product CFD
Like gold and silver, platinum was first used hundreds of years ago. Initially, because of insufficient technology, it was not recognized as a precious metal and was a by-product of gold and silver. Subsequent research has finally made platinum known as a precious metal. Characteristically, it has strong corrosion resistance and the property of being insoluble in water other than aqua regia just like gold. Platinum is an active metal, but when combined with palladium, it becomes one of the inactive metals called “noble metal”. Due to its characteristics, it has been used as a part of important processes in medical equipment and other industries.
The value of platinum
Due to its diverse uses and scarcity, platinum is said to be less likely to change its value even in the context of an economic crisis. So why is platinum treated specially? High melting point High malleability and ductility compared to gold Almost no alteration or discoloration Can be used in various fields such as jewelry and catalysts Used in jewelry that is even more rare than the goal Of course it is famous, but it is also used in pacemakers and dental equipment because of its non-corrosive nature. Because it has a very high melting point and can withstand high temperatures, it is often used as a catalyst for exhaust gas purification equipment. Platinum is also used as a catalyst in the oil and manufacturing industries.