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Platinum’s name is derived from the Spanish term "Platina del Pinto", which is literally translated into "little silver of the Pinto river". Platinum is one of the rarest elements found in the Earth's crust with annual production of around 30 metric tons (vs. ~2,500 tons for gold and ~ 23,000 tons for silver). Mining is very geographically concentrated as South Africa accounts for over 80% of the world production.

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Pricing Details:

Points computation: 1 bar = 10.00 points

Tier	Points required	Price (SGD)	Price/Gram (SGD)	Price/oz (SGD)	Percentage Over Spot (ASK PRICE)	Buy/Sell Spread
1	-	1,477.72 SGD	47.51 SGD	1,477.72 SGD	9.96%	13.65%
3	3,000	1,473.65 SGD	47.38 SGD	1,473.65 SGD	9.66%	13.41%
5	10,000	1,469.58 SGD	47.25 SGD	1,469.58 SGD	9.36%	13.17%