At the bottom of this post is an interesting infographic about Gold provided by numbersleuth. So if all the gold in the world would provide 5 rings for every person......what would it be for platinum? And the better question is, since platinum is the most rare of precious metals and actually has industrial uses as well, why is platinum over $200/oz cheaper than it's less rare counterpart?
History says we have an anomaly (although not yet at record levels). Maybe by the time platinum gets it's own infographic the ratio will be a little more normalized.......
(click image to see larger on numbersleuth)
Amazing numbers! I wonder how much gold buyers make off of this industry every year.
ReplyDeleteThis infographic clearly shows the difference of the value of Gold and Platinum. Although platinum is known for its value which is higher than the Gold, the infographic here shows the reverse situation. It seems like Gold overtakes Platinum now. Platinum is a precious metal that can be used in many industrial companies. It is also used in making space ships and more. This the reason why it's also expensive. sell precious metals wny
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ReplyDeleteWhen the economy falters and investors lose their faith in the stock market, gold benefits. I have to agree with the previous comment that platinum is not a common metal for many people.
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That infographic is awesome, never seen it before.
ReplyDeleteOn top of all thing else, comparing gold and platinum.
Banks don't buy and stack up platinum, they buy gold, and that is for a reason for sure, the ultimate wealthprotector.
Those graphics shows accurate statistics about how much gold there is for every person. I love gold I would buy as much as I could if only I have the means.
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