Understanding the price of platinum relative to the price of gold—the inter-commodity spread—can yield important clues as to current market sentiment. Platinum vs Gold Price Over 100-Year Extreme How long can this historic divergence last? Over the course of history, there have been times when gold has traded at a premium to platinum and vice versa. Here Is a Look at the Properties and Applications of Platinum, Platinum Prices vs Gold Prices, All Years. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. Sunshine Profits. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion. In the present economic scenario, platinum is vulnerable to … We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Platinum also trades in over-the-counter and physical markets. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Platinum Prices - Historical Chart. "Platinum as an Investment." When divergences occur, profitable trading or investing opportunities often arise. Thank You to our now 100,000+ customers who have made the switch to SD Bullion. Exchanges, Here's Why Gold Will Drop Below $1,000 Again. Since 1987, platinum has usually traded at a higher price than gold until September 2008. Accessed July 24, 2020. For the best experience on our site, be sure to turn on Javascript in your browser. Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades. Each metal has different trading characteristics. Gold is mainly produced in three countries, China, Australia, and Russia. In the same year, about 190 tons of platinum was mined globally. Get our best bullion deals in your inbox. In 2018, 3,332 tons of gold was mined globally. The current value of platinum vs gold to begin the 2020s, it has not been this low in over 100 years of time. Gold Price vs Stock Market. MacroTrends. Platinum or gold here is where to put your money today 2017 04 precious metals investment comparison charts gold platinum and gold price vs platinum news how gold is behaving when compared to platinum and stocks all how gold is behaving when compared to platinum and stocks all gold price erases last week s drop platinum at 400 as. way less physical platinum availale to the world than gold, Federal Reserve Balance Sheet to $40 Trillion, Silver and Gold Poised as Pandemic Morphs Into Major Financial Crisis, More Stimulus Coming for Gold and Silver Prices, Gold & Silver Stabilize After Stimulus Turmoil, Prayers for POTUS as Record Bullion Demand Continues 2020, Load Up Before Infinite QE Fiat Monetization Returns, Crashing the Silver Price, THE ULTIMATE Gift Horse, After Congress Stalls, All Eyes On The Fed, Gold & Silver Prices Steady As Stock Market Plunges, Herd Mentality for Gold and Silver Ahead of The Coming Mania. He has almost 35 years experience on Wall Street. Platinum has not been this cheap vs. gold since 1907 AD. In times of financial stress and monetary turmoil (e.g., 1980), platinum tends to behave more like gold and other precious metals with widespread hoarding. Platinum Prices vs Gold Prices. How Commodities Trading Affects Food Prices. The value of gold in terms of current fiat US dollars versus platinum prices is now at 120-year highs. Andrew Hecht wrote about investing and commodities for The Balance. It also is used in medical devices such as pacemakers and in jewelry. Related Charts. Gold is used in dentistry, as an electrical conductor in computers and other electronic devices, in the aerospace industry, and, most commonly, in jewelry and other artistic applications. Accessed July 24, 2020. MacroTrends. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Over the course of history, there have been times when gold has traded at a premium to platinum and vice versa. In other words, in over 110 years, we have not seen platinum values slump this far versus the price of gold. Check out this following long term monthly price chart comparing platinum prices versus gold prices in US dollars since the late 1800s. Interactive chart comparing daily gold and platinum prices over the last 10 years. Which Are the Most Actively Traded Commodities by Liquidity? "Where Does Platinum Come From?" Accessed July 24, 2020. "Platinum Prices vs Gold Prices, All Years." "Gold : Platinum Ratio." Please check your download folder. BullionByPost. The COMEX gold futures contract is one of the most liquid commodity futures in the world; its daily trading volume represents about 27 million ounces of gold. Gold also trades on the over-the-counter market as well as in physical markets around the world. The gold and platinum price charts below show the price of gold and platinum today as well as the gold and platinum prices over one month, one, five, ten, twenty … "Platinum Prices vs Gold Prices, 1 Year." 3  As of July 20, 2020, gold was trading at $1,851 an ounce compared with $957.40 an ounce for platinum. Platinum is more difficult to produce than gold, as it's buried deeper in the earth than gold and requires a more difficult process to purify. Additionally, platinum rings are usually 95% pure platinum, while 14k gold is only 58.5% gold (18k gold is 75% gold). Many governments and individuals store quantities of gold because of its perceived value as an alternative currency. What Is the Real Relationship Between Gold and the U.S. Dollar? The last major monetary disorder in 1980 saw all four primary precious metals reach new nominal record-high price points within months of one another. Both gold and platinum are shown in U.S. dollars per troy ounce. The platinum vs. gold price is an important indicator of the relative values of both precious metals. World class products, the best bullion prices, with industry-top customer service. With the following chart, we will further examine Platinum vs. Gold prices throughout this post-1971 full fiat currency era in which NYMEX and COMEX futures contract markets have been the main price discovery force for each respective precious metal. The most important futures exchanges for platinum are the NYMEX division of CME Group in New York and the Tokyo Commodity Exchange. *** For the best experience on our site, be sure to turn on Javascript in your browser. As you can see by the chart above, platinum was worth more than gold for the vast majority of the 20th Century. If we happen to see another scenario like that again in the decade to come, those who buy platinum today will be happy they did so. Each day, buyers and sellers trade huge volumes of gold on world markets. World Platinum Investment Council. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Platinum basically peaked in early 2008, then valued over 2Xs that of near $1,000 oz gold, whereas now the situation has almost flipped entirely. Because of the difference in liquidity, platinum is more susceptible to price spikes than gold is., Platinum and gold tend to move in the same direction, along with other precious metals. It has important industrial applications, including in catalytic converters for cars and turbine engines for planes. Accessed July 24, 2020. CME Group. But given that we often have bullion sales on Platinum coins and Platinum bars. South Africa is the major miner of platinum ore in the world, accounting for about 70% of all new line platinum annually. Here at SD Bullion, we have covered Platinum fundamental investment factors as well as information about supply-demand factors at play today. Global Investors. While gold and platinum are similar in price per gram, platinum is more dense and so more of it is required to make a ring. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. The price differential between the two represents the supply and demand and economic issues that affect the two metals independently, including platinum's importance in the automobile industry and gold's status as a refuge during economic downturns.. Accessed July 24, 2020. U.S. The two most important futures exchange for gold are the COMEX division of CME Group in New York and the Tokyo Commodity Exchange. Welcome to the Smaulgld gold and platinum information page where you can check the price of gold and platinum per ounce and the gold platinum ratio. Silver Prices - 100 Year Historical Chart. Gold Republic. It was not until the global financial crisis of 2008 that gold prices began to overtake platinum prices in terms of overall, now fully fiat US dollar valuations (Post-1971). Why Do Prices of the Things You Need the Most Change Every Day? Both gold and platinum are shown in U.S. dollars per troy ounce. At SD Bullion, we believe in doing business the old-fashioned way. Dow to Silver Ratio. You’ll recall that gold is generally much less pure than platinum by the time it makes it into a ring. Platinum is a very dense but incredibly malleable metal. Interactive chart comparing daily gold and platinum prices over the last 10 years. Since 1987, platinum has usually traded at a higher price than gold until September 2008. As of July 20, 2020, gold was trading at $1,851 an ounce compared with $957.40 an ounce for platinum., On May 19, 2008, platinum traded to a modern-day high of $2,182 per ounce. Since January 2015, gold has consistently traded at a premium to platinum.. In the next commodity bull market, we expect platinum would likely outperform gold for a short sprint back into towards the historical average of this long term ratio (back towards 1 to 1 parity at the very least). As of this writing, platinum is trading at $986.31 per ounce vs gold’s spot price of $1,568.40. Accessed July 24, 2020. Please check your download folder. "Platinum Price of Today." "Welcome to COMEX Gold Futures." Its options trading volume is much smaller compared with gold. Accessed July 24, 2020. Investing in Precious Metals Is Integral to Investment Portfolios, Taking Delivery of Commodities via the Futures Market, How the Chicago Mercantile Exchange Works, The Commodities You Can Trade on U.S. Gold and platinum are both precious metals that possess special qualities. The majority of platinum production comes from two countries: South Africa and Russia.. Precious metals investors have been surprised and frustrated by the platinum price stubbornly lagging the palladium price for years now. In theory … But remember those alloys we discussed earlier? "Top 10 Gold Producing Countries." -In times of financial stress and monetary turmoil (e.g., 1980), platinum tends to behave more like gold and other precious metals with widespread hoarding.The last major monetary disorder in 1980 saw all four primary precious metals reach new nominal record-high price points within months of one another.If we happen to see another scenario like that again in the decade to come, those who buy platinum today will be happy they did so. We believe now is a valuable time to point out platinum’s historic undervaluation versus gold prices ongoing. Accessed July 24, 2020. Therefore, platinum rings are more expensive. 4. While this overshoot of the more than century-long ratio median and mean could go on for longer and even grow more significant, ultimately we know there is way less physical platinum availale to the world than gold. JavaScript seems to be disabled in your browser. Gold is an extremely liquid market. The raw material cost of platinum is $970 per ounce compared to $1,590 for gold (prices will fluctuate with the market). The price differential between gold and platinum is an inter-commodity spread.

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