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Should Platinum Be More Expensive Than Gold?

Should Platinum Be More Expensive Than Gold?

sunshineprofits.com / ARKADIUSZ SIEROŃ / JULY 14, 2017

Platinum is one of the rarest elements in the world, much rarer than gold. This is why historically the white metal has been more valuable – just think of platinum credit cards which offer greater privileges and prestige than the gold ones. However, the ‘little silver’ has recently been traded at a discount to gold, as one can see in the chart below.

Chart 1: The platinum-to-gold ratio (the price of platinum divided by the price of gold, red line, right axis), the price of gold (yellow line, left axis, London P.M. Fix, weekly average), and the price of platinum (blue line, left axis, London P.M. Fix, weekly average) from April 1990 to June 2017.

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Does that imply the right moment to buy? Let’s figure it out, analyzing the supply and demand dynamics of the platinum market.

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