Platinum, represented by the currency code XPT, is one of the rarest precious metals in the world and has fascinated humanity for centuries. Unlike gold and silver, which have been historically used as currency, platinum’s use as a monetary asset is relatively modern, dating back to the 18th century. Its rarity is underscored by the fact that all the platinum ever mined would fit into an average-sized living room. This scarcity contributes to its high value and fluctuating price, making it a popular choice for investment and jewelry.

Beyond its allure as a luxury item, platinum’s unique properties make it indispensable in various industries. It is highly resistant to corrosion and possesses remarkable catalytic attributes, leading to its use in catalytic converters in cars and various medical and technological applications. The catalytic properties, particularly in the automotive sector, have even caused significant price swings in the past, underlining its multifaceted role as both a commodity and a critical industrial metal.