Precious Metals Facts
- Over the past 5 years, jewelry accounts for over half of the world's gold consumption. India and China are the two largest consumers of gold jewelry.
- Silicone based release liners made of platinum are used in adhesives for labels and other sticky surfaces. The baking industry uses these special release liners extensively.
- Central banks have become net buyers of gold and now account for 14% of global demand.
- Platinum based catalysts are used to manufacture nitric acid which is a key ingrediant in fertilizers.
- Silver has the highest degree of optical reflectivity of all elements. A silver mirror can reflect about 95% of the visible light spectrum. (most mirrors are silver).
- Airbag coatings rely on platinum for its ability to resist corrosion. Airbags can sit dormant in vehicles for years without deteriorating.
- The film Harry Potter depended on platinum for the production of costumes made with prosthetics.
- Silver has superior bactericidal qualities. Small concentrations of silver or silver salts kill bacteria by chemically affecting the cell membranes, causing them to break down. Bacteria do not develop resistance to silver, as they do to many antibiotics.
- Palladium and silver are now used in batteries. These precious metals extend the life of batteries approximately 50 times the life of a normal disposable battery.
- Gold ETF's, and physical coins and bars make up 33% of global demand.
- Silver is the best conductor of heat of all elements. Its uses in solar panels and automobile rear window defoggers take advantage of this quality.
- Gold is used in the production of windows to create a lustrious gold reflection.
- Silver is more ductile than any element except gold. One ounce of silver can be drawn into 8,000 feet of thin wire.
- Silver is more malleability than any element except gold. One grain of silver can be made into a sheet one hundred and fifty times thinner than a piece of paper.
- PGM's are essential for the production of catalytic converters for most vehicles.