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Should platinum be more expensive than gold
Throughout history, platinum has generally been more expensive than gold, which is why it has been widely regarded as one of our most precious metals in pairs. However, over a decade of medical history, the situation has changed: gold per ounce usually rose compared to platinum. Culturally, there is a hierarchy between useful metals in this regard that roughly translates their value into products.
Why is gold more expensive than platinum
Platinum will almost always be much more expensive than white gold, because this problem is 30 times less common, and much less gold is mined. More precisely, 2700 tons of gold are mined per year against 80 tons of platinum. Platinum is also denser than gold.
Which is more expensive gold or platinum
So why is it more valuable than gold? There are several reasons why platinum tends to be more valuable than gold. While both gold and platinum are rare earth metals, platinum is rarer and therefore of higher value. Another reason is that platinum is 60% stronger than 14 carat gold. If someone has a 10 kg gold bar, it will be equivalent to 16 kg of platinum.
Is platinum more costly than gold
Platinum is also more compressed than gold (an identical platinum-only ring would be about 40% heavier than gold) and therefore more expensive.
Is it better to buy platinum or gold
Overall, platinum has not been a better investment than gold lately. Gold has always been more stable, easier to mine, and doesn’t fluctuate in price as much as platinum. The price of gold is much higher than that of platinum.
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Why is platinum cheaper than gold now
Platinum is in short supply, driving prices up
In other words, platinum’s other attraction outweighs the precious metal’s readily available reserves. In the first quarter of 2021, we emphasize that the metal has risen in price by 26%.
Which is cheaper gold or platinum
gold: value. Platinum is almost always more expensive than gold. It is a rarer metal, which is why platinum rings have a higher density and purity than gold rings. They also require more platinum to make the ring, which is why they often cost 40-50% more than gold.
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