/biz/ - Business & Finance

Anonymous Sat Aug 26 05:50:43 2023 No.55945023 [View]
File: 26 KB, 405x206, PlatinumKoala.jpg [View same] [iqdb] [saucenao] [google]

>Since November 1986, Perth Mint has used more than 18 tonnes of platinum for minting. >About 85% of them were sold abroad making the Gold Corporation (owner of the Mint) one of Australia's top 30 export earners.

https://en.wikipedia.org/wiki/Australian_Platinum_Koala

So the Perth Mint primarily sells its minted Platinum abroad, and it's selling so much of it that the elevates the Mint to be one of Australia's largest exporters.

Who is buying it? If it's for use in catalytic converters I would have guessed industry would make a deal to buy bullion grade Platinum and not waste extra money on minted coins.

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