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The real questions is: Why has gold risen so much and platinum (which is much rarer than gold) stayed relatively flat recently (down since 2009) and is currentl

The real questions is: Why has gold risen so much and platinum (which is much rarer than gold) stayed relatively flat recently (down since 2009) and is currently worth less than have as much? Platinum was > $2K/oz during the 2008-09 financial crisis...it's now under $1K/oz. What makes gold's intrinsic value so much higher? "The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty,[7] the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices." https://en.wikipedia.org/wiki/Platinum_as_an_investment#:~:text=The%20price%20of%20platinum%20changes,because%20of%20reduced%20demand%2C%20falling https://en.wikipedia.org/wiki/Platinum_as_an_investment#:~:t...

Nasrudith 6y ago
Perhaps platinium prices arr more set by practical uses for things like catalytic converters and the demand is down with the rest of the economy? Of course gold's speculation value is essentially memetically driven by history and platinium tends to lack that.
- j_walter 6y ago
  Platinum prices have declined every year, more or less, for the last decade. Car manufacturing world wide has increased in that same time frame (even excluding EV that wouldn't need platinum).
  - gravitas 6y ago
    When you look at the macro trend, platinum has trended gold since the 80s... until around 2014 where it started going the other direction. https://www.macrotrends.net/2541/platinum-prices-vs-gold-prices https://www.macrotrends.net/2541/platinum-prices-vs-gold-pri...
DoreenMichele 6y ago
The article seems to suggest it's rising because of the lockdown. In other words: we aren't mining it currently, or not mining it very much. My general impression is that gold is going up because of its use in electronics. Platinum is also used, but in smaller amounts. A typical iPhone is estimated to house around 0.034g of gold, 0.34g of silver, 0.015g of palladium and less than one-thousandth of a gram of platinum. https://www.bbc.com/future/article/20161017-your-old-phone-is-full-of-precious-metals https://www.bbc.com/future/article/20161017-your-old-phone-i...

Nasrudith 6y ago

Perhaps platinium prices arr more set by practical uses for things like catalytic converters and the demand is down with the rest of the economy? Of course gold's speculation value is essentially memetically driven by history and platinium tends to lack that.

j_walter 6y ago
Platinum prices have declined every year, more or less, for the last decade. Car manufacturing world wide has increased in that same time frame (even excluding EV that wouldn't need platinum).
- gravitas 6y ago
  When you look at the macro trend, platinum has trended gold since the 80s... until around 2014 where it started going the other direction. https://www.macrotrends.net/2541/platinum-prices-vs-gold-prices https://www.macrotrends.net/2541/platinum-prices-vs-gold-pri...

DoreenMichele 6y ago

The article seems to suggest it's rising because of the lockdown. In other words: we aren't mining it currently, or not mining it very much. My general impression is that gold is going up because of its use in electronics. Platinum is also used, but in smaller amounts. A typical iPhone is estimated to house around 0.034g of gold, 0.34g of silver, 0.015g of palladium and less than one-thousandth of a gram of platinum. https://www.bbc.com/future/article/20161017-your-old-phone-is-full-of-precious-metals https://www.bbc.com/future/article/20161017-your-old-phone-i...