18 questions about osmium price and osmium purchase and detailed answers (FAQ)
Frequently asked questions
How much does 1 gram of osmium cost? The osmium price today is 22.02.2024 um 19:21 Uhr 1.325,10 € net.
What makes osmium so expensive? Osmium is mined together with platinum, as the two metals are associated. However, only 30 grams of osmium are contained in 10,000 tons of platinum ore. Complex and expensive steps are required to isolate the osmium from the platinum. Osmium will no longer be available when platinum production declines.
How valuable is osmium? Global trade in crystallized osmium began in 2014. A troy ounce (31.1 grams) of osmium today costs € 22.02.2024 um 19:21 Uhr 41.210,61 net and is very high compared to a troy ounce of gold, which today costs € 22.02.2024 um 19:21 Uhr 1,868.33 . In relation to the net amount, the price of osmium (as at 22.02.2024 um 19:21 Uhr) is therefore exactly 41,21 times higher than that of gold.
What is more expensive, gold or osmium? The price of osmium is higher than that of gold, as the price of one gram of osmium today is € 22.02.2024 um 19:21 Uhr 1.325,10 , whereas one gram of gold today is only € 32,15 22.02.2024 um 19:21 Uhr .
How heavy is 1 m³ of osmium? 1 cm³ of osmium weighs 22.61 grams, so 1 m³ weighs exactly 22,610 kilograms or 22.61 tons.
Will the price of osmium rise? Since trading began in 2014, osmium has performed significantly better than gold. Since 2017 alone, the price of osmium has risen by an average of 20% annually. And if you also take into account the fact that the last osmium will be mined in around 8 years, an upward price trend can no longer be denied. As more and more investors see osmium as a great investment opportunity and the jewelry industry has discovered the sparkling precious metal for itself, demand is increasing disproportionately.
Is osmium an investment? Osmium is valued by institutional investors as a long-term investment. This circumstance is mainly due to the fact that the extraction possibilities of osmium will be completely exhausted in about 8 years, demand will increase steadily until then and a large part of the osmium objects traded will be processed as jewelry and thus permanently withdrawn from the pure osmium trade.
How safe is osmium? Osmium has the highest security of all precious metals. In detail, the following features make it unfalsifiable. The Osmium Identification Code (OIC), the Owner Change Code (OCC), the certificate of authenticity, the density and its surface structure. All these characteristics make osmium the most secure precious metal, protecting it from counterfeiting, theft and fraud. And the steadily rising price of osmium is a guarantee for inflation protection,
Where is osmium mined? The most important mining areas for platinum metal-rich nickel ore, which is required for the extraction of osmium, are located in South Africa, Canada, Australia and Kazakhstan.
Why is osmium toxic? After extraction from the platinum ore, osmium is available as a so-called osmium sponge. This is a steel-blue, brittle and hard transition metal and belongs to the platinum metals. In combination with oxygen, toxic osmium tetroxide is formed, which has a very unpleasant odor. The osmium sponge (Rohosmium) can cause skin and eye damage, inhaled dust can lead to lung damage. After the complex crystallization process, in which the arrangement of the atomic structure of the osmium atoms is changed, the precious metal is completely harmless.
Is osmium the hardest metal? Osmium is the densest and hardest metal according to Brinell hardness. This is because the individual atoms are very close and compact to each other.
Is osmium a precious metal? Osmium is the rarest and most valuable of all 8 precious metals on earth. These include silver, gold, palladium, platinum, rhodium, iridium, ruthenium and osmium.
What can you do with osmium? In addition to its use as an investment metal and in jewelry production, osmium is also used in technology as a low-temperature superconductor. Pins and shafts are also manufactured with a durable osmium alloy. In medical technology, osmium is used in small quantities in heart valves and pacemakers.
Should you buy osmium? The very fact that crystalline osmium is the rarest and most valuable precious metal in the world speaks in favor of investing in osmium. The price of osmium has risen steadily in the past. And since osmium can no longer be mined in about 8 years, there will very likely be a price explosion. This is also known as the osmium bigbang. Anyone who invests in osmium before this rapid price increase will achieve an unparalleled return when selling their investment after the big bang.
Who buys osmium? Osmium is mainly bought by institutional investors, goldsmiths and jewelers as well as private investors. A small investment of around €150.00 is enough to hold the sparkling precious metal in your hands for the first time.
Where can you get osmium? Osmium can be purchased directly from the Osmium Institute Germany. The Osmium Institute delivers directly with insured shipping. Osmium used in jewelry is available from jewelers.
What does osmium smell like? Rohosmium, also known as osmium sponge, has a rettich-like odor. The name “osmium” (ancient Greek ὀσμή osmē “odor, stench”) comes from its low concentration of volatile tetroxide. Crystalline osmium is odorless.
OS is the element symbol for the element osmium and has the atomic number 76. Osmium is in the 8th group in the periodic table and belongs to the platinum metals.