The present invention relates to a process for preparing platinum group metal and rhenium salts of organic carboxylic acids and products obtained using the disclosed process. The process comprises reacting an alkali or alkaline earth metal salt of an organic carboxylic acid with a platinum group metal or rhenium salt in an organic liquid which at least partially dissolves the alkali and/or alkaline earth metal salt, the platinum group metal or rhenium salt, and the desired platinum group metal or rhenium carboxylate product, but is not a solvent for the salt formed between the alkali or alkaline earth metal and the anion of the platinum group metal or rhenium salt.