What is the ratio of gold to platinum?
Gold to Platinum Ratio for Last 5 Years
| Current Ratio | 1.75 |
|---|---|
| 5 Year High | 2.53 |
| 5 Year Low | 1.22 |
| 5 Year Change | +0.52 (+42.28%) |
When did gold overtake platinum?
Platinum Vs. It was not until the global financial crisis of 2008 that gold prices began to overtake platinum prices in terms of overall, now fully fiat US dollar valuations (Post-1971).
Is platinum correlated with gold?
When the ratio is low, it means that platinum is overvalued relative to gold. When the ratio is high, it means that platinum is undervalued relative to gold. Investors can thus use the ratio as a timing indicator deciding when to buy gold or platinum, or which metal to buy at any given time.
What is the silver to platinum ratio?
The platinum: silver ratio shows us the proportionate relationship between the respective prices of platinum and silver….Platinum to Silver Ratio – All Time.
| Current Ratio | 42.66 |
|---|---|
| Alltime Change | -51.13 (-54.52%) |
What is platinum vs gold?
The main distinguishing physical characteristic between gold and platinum is color. While platinum is naturally white, gold is naturally yellow. White gold rings are composed of gold, alloys, and a rhodium plating which gives it a white look that’s very similar to platinum.
Why did platinum crash in 2008?
Platinum price peaked at US$2,252 per troy ounce in March 2008 driven on production concerns (brought about partly due to power delivery problems to South African mines). It subsequently fell to US$774 per troy ounce ($25/g) in November 2008.
Is platinum a good investment 2021?
“The global economy continues to recover with the IMF projecting a growth rate of 5.9% in 2021, with platinum poised to benefit as a result. Residual pandemic effects, such as the semiconductor shortages, will continue to inhibit platinum demand in 2021 and 2022, both of which would otherwise be far higher.
Why did platinum price drop in 2008?
How does platinum compare to gold?
Platinum is a naturally white metal, is more durable and dense whereas white gold is not. White gold has a high maintenance cost also as it requires rhodium plating to keep it white. When it comes down to buying a platinum or white gold wedding ring, it all depends on your budget and what you can afford.
Gold vs Platinum Cost. While gold and platinum are similar in price per gram, platinum is more dense and so more of it is required to make a ring. Additionally, platinum rings are usually 95% pure platinum, while 14k gold is only 58.5% gold (18k gold is 75% gold). Therefore, platinum rings are more expensive.
What is the historical ratio of gold to silver?
From a very long term historical perspective, a gold silver ratio in the 16 range has been the norm. Since ancient times, it has typically taken 16 ounces of silver to purchase one ounce of gold.
What is the history of platinum?
Platinum: historical information. Platinum was discovered by Antonio de Ulloa at 1735 in South America. The metal was used by pre-Columbian Indians but platinum was “rediscovered” in South America by Ulloa in 1735 and by Wood in 1741. In 1822 plenty of platinum was discovered in the Ural Mountains in Russia.