Why platinum is so cheap?

Platinum vs. Gold: Color Color is the most distinguishable difference between platinum and gold. Platinum is exclusively white, and most people associate gold with yellow.

Platinum lasts longer and can require less upkeep than gold. It’s pure, hypoallergenic, and a classic option. However, gold is more malleable, scratch-resistant, and affordable. Gold also comes in several color options whereas platinum is always silver-white colored.

Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata “silver”. Wikipedia

Platinum atoms have 78 electrons and 78 protons with 117 neutrons in the most abundant isotope. It is considered to be a precious metal along with silver and gold.

Platinum is not a hard metal. It is 4 – 4.5 on the MOHs scale of hardness. This means it can be scratched by anything harder than it is.

A very heavy, precious, silver-white metal, platinum is soft and ductile and has a high melting point and good resistance to corrosion and chemical attack.

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Why is platinum more expensive than gold

There are many reasons why platinum is better than gold. While gold and platinum are rare earth metals, silver is rarer and therefore more valuable. Another reason we love platinum is that it is 60% heavier than 14k gold. If you are lucky enough to have 10 kg of gold bars, that is equivalent to 17 kg of platinum.

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Should platinum be more expensive than gold

Throughout history, platinum has generally been more expensive than gold, and gold has been considered the more expensive of the two metals. However, the situation has changed over the last decade, and the cost of an ounce is generally higher than that of the American Platinum Eagle. Culturally, there is a hierarchy among precious metals that roughly defines metals by their material value.


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Which is better platinum or gold

Platinum wins the sustainability competition. Given that platinum has the most durable chromium effect and is also the densest, this should come as no surprise when it comes to the more expensive metal. Since platinum is about 20% denser than white gold, it is two and a half to five times more expensive than white gold.

Is platinum a better investment than gold

Is platinum a better investment than gold? In general, platinum is not as good an investment as gold. Gold can be more stable, easier to mine, and its price won’t fluctuate as much as platinum. And the value of gold should be significantly higher than that of platinum. Gold is definitely more stable. Gold is still more in demand than platinum. The markets for which gold is most often intended – jewelry, electronics and medicine – are less dependent on economic factors to meet their needs.

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Is platinum more valuable than gold

Platinum is more valuable than gold? Platinum is usually valued higher than gold. Because platinum should be rarer than gold, have a higher functional density, and be purer. Platinum rings require more platinum than gold rings, which can add to the overall cost.

Why platinum is so cheap

Platinum is in short supply, driving prices up
With the shutdown of production, there was a shortage of supply for monitoring in the platinum market. In other words, demand for Platinum Eagle represents an excess of available supply relative to the precious metal. Basically, in the quarter of 2021, the demand for its metal increased by 26%.

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