Platinum is Forever

Platinum made the news today as spot prices lept over $1000. The price was under $800 in June '04 but was over $1000 in the 80's.

Platinum, is a rare metal traded on the NY Merc . It is very difficult to trade, because of the complex processes of puts and spreads.

I was interested in platinum when I found out they were used in fuel cells .

That is also when I found out Johnson Matthey ( JMAT.L ) , a big chemicals company, had an interest in fuel cells.

Hydrogen and oxygen gas mixtures explode in the presence of platinum wire...

it is a byproduct of nickel. Platinum production is used for electronics ( almost half is for jewelry and other cosmetic wear). The biggest electronic use now is for catalytic converters in cars. It is also used in dentistry....forggettabout gold teeth man.

Factoid: melts at 1772 degrees centigrade