ALCHEMICAL SYMBOL FOR PLATINUM = GOLD + SILVER
Platinum, discovered in 1906, is a dense, malleable, ductile, precious, gray-white transition metal deriving its name from the Spanish term ‘platina del Pinto’ meaning ‘little silver of the Pinto River’, and one of the rarest elements in the Earth’s crust. Exhibiting a remarkable resistance to corrosion, platinum frequently occurs in its pure elemental form in the alluvial sands of various rivers. Although referenced in the New World in Europe as early as the 16th century, it was not investigated by scientists in 1748 until Antonio de Ulloa published a report on this new reflective metal of Colombian origin.
Because production is limited annually to just a couple of hundred of tones, its scarcity ensures its value as both an industrial and retail commodity.