Gold, of course is not the only precious element. Platinum is much scarcer than gold. Platinum bullion must also be considered for its investment potential. Several years ago, platinum was approximately double the price of gold. Today it trades for only slightly more. The gold/platinum price ratio currently makes platinum seem like a bargain. Platinum also has many industrial uses such as in catalytic converters for cars. There are thoughts that Platinum prices will rise if the automobile industry rebounds.
Platinum Bullion CoinsPlatinum bullion coins are produced by the united States mint, although in limited quantities. The mint makes collectors versions of the coins available directly to the public. The mark-up on these coins is significant. The "regular" platinum bullion coins are sold to distributors, who make them available to the public (after a mark-up of course). Rival platinum coins are produced in Australia and Canada.