The platinum content in each 1 oz Platinum Bar available through GSI Exchange is .9995 pure. The design and mint of origin of the bar are determined by the refining mint. These bars are based on availability at the time of order fulfillment. Platinum is a scarce metal, occurring at a concentration of just .005 ppm in the Earth’s crust. It is found in various deposits throughout the world, with the largest deposits located in South Africa’s Bushveld complex, where 77% of the world’s platinum production takes place.
Despite its silver-like appearance, platinum is highly resistant to corrosion and is considered a noble metal due to its low reactivity. Apart from its use in collecting and investing in precious metals, platinum is utilized in catalytic converters, electrical contacts, electrodes, and even as part of compounds used in certain cancer treatments.
Various mints and refineries globally produce 1 oz Platinum Bars, with popular products including bars from Valcambi Suisse, Credit Suisse, and PAMP Suisse. Credit Suisse, the oldest of the three Swiss giants, has been refining precious metals since the 19th century. PAMP Suisse, the leading precious metals brand, is renowned for its Fortuna bar series, symbolizing the refinery’s quality and status on an international scale. Valcambi Suisse, founded by precious metal enthusiasts, has grown in prominence over the past six decades.