donderdag 9 februari 2012

Trade Gold for Platinum

Since 2011 the gold price has been rising a lot, while platinum was going down. One of the reasons for this drop is weaker industrial demand due to the economic crisis. Other reasons are unwinding of funds and China slowing down. Platinum can be classified as a precious metal due to its rarity (30 times rarer than gold), but it's also an industrial metal (high heat and corrosion resistance). So it doesn't hold up as well as gold, which is money. The reason why platinum should be more expensive as gold is because platinum is very difficult to mine. But there are many other reasons out there, to find out click here.

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