Platinum And Palladium

Reasons to platinum and palladium from philoro?

Platinum and palladium, contrary to the famous duo – gold and silver, used to fly under people’s radar for the longest time. In recent years, however, both precious metals started to gain momentum and established themselves in the industry.

The LPPM (London Platinum and Palladium Market) was established to set strict standards regarding the quality of the materials and ethical practices during sourcing and production.

philoro only offers platinum and palladium products that have an LPPM accreditation and exclusively works with well-known, international companies, such as Valcambi in Switzerland, to ensure the high quality and authenticity of the bars and coins.

The history of platinum and palladium

 In the old Egyptian kingdoms, platinum had already been in use. Small amounts of this precious metal have been found in jewelry dating back to around 3000 BC. Historians assume that the metal was thought to be a natural mixture of silver and gold. Platinum was again discovered in the 1600s when the Spanish conquistadors were mining for gold, but the metal was deemed an annoyance and was simply disposed of. They named the metal ‘platina’ (little silver) which is where the name platinum comes from.The discovery of palladium does not date back nearly as far. Only in 1803 was the metal discovered by the English chemist William Hyde Wollaston and named after the asteroid Pallas. The finding was a coincidence, as Wollaston was experimenting with purifying platinum.