vrijdag 10 juni 2016

Platinum is looking better and better

Since the start of 2015, the price of platinum has dropped significantly. To show you how undervalued platinum is today, I like to compare it to the price of gold (see charts below). Historically, platinum should be priced higher than gold because it is rarer than gold. This all changed after 2015 when the gold price started to move above the price of platinum. Today, platinum costs $1000/ounce while gold costs $1260/ounce. So we are seeing an interesting arbitrage opportunity of an immediate 30% increase in the price of platinum.

To see the analysis, go here.

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