Click here to purchase silver, gold and platinum coins and bullion with FREE SHIPPING!
Price of Platinum vs. Gold – A Comparison
You can see the price of platinum today on the internet. This gives the spot price in troy ounces, and with the help of the conversion ratio of 1 troy ounce equals 31 grams, you can get the price in other grams too. Though the price of platinum vs. gold is higher, the gap sometimes starts decreasing with the steady increase in the price of gold.
The world exchange price can be availed at these websites to compare the price of platinum vs. gold. This gives you a rough idea of the value of these metals. Additionally, you can also assess the value of the underlying currency, by making a comparison of the price increase in terms of dollars with the price increase in terms of euro. If the price increase in terms of dollars is more, then the dollar is weakening compared to the euro.
Both platinum and gold are precious metals but the price of platinum today might vary according to the demand. When the economy is growing on a steady scale, the price of platinum usually rises, but it is just the opposite during times when there is a financial crunch. At such times, gold investment and purchase is greater as people lose confidence in the economic process and the price of gold rises in this case.
A balanced portfolio would therefore entail an investment in both these precious metals. The price of platinum vs. gold shows gold increasing during periods of financial crisis. This is because people feel that it is the safest form of investment, when compared with platinum.
In the above situation, the price of platinum vs. gold changes and the difference between the two might not be much. But the situation can change and platinum could suddenly rise in value. Platinum is a very rare metal when compared to gold. Another factor that increases the price of platinum today is that it is also used in industries and has much value. Many people who have a sophisticated taste in jewelry prefer platinum, though this is not found in the common man. Moreover, today you can invest in platinum in coins and also in bars or ETFs.
Looking
for a precious metals provider that sells silver, gold and platinum
coins and bullion? Click here to visit our favorite provider (FREE
SHIPPING!).
References:
http://troyounce.org/how-much-is-a-troy-ounce/
http://buy-gold.net/digital-gold