Why has platinum become so cheap and almost same price as gold?
September 11th, 2009 | by admin |
Jag asked:
Platinum was $2200 per once at its highest and now is $850. Gold was $1000/oz and now is $850. Why did platinum fall so much. Will platinum bounce back to its earlier price?
ranon
Platinum was $2200 per once at its highest and now is $850. Gold was $1000/oz and now is $850. Why did platinum fall so much. Will platinum bounce back to its earlier price?
ranon
4 Responses to “Why has platinum become so cheap and almost same price as gold?”
By dwightbliechert on Sep 14, 2009 | Reply
gold is so high, that some speculators feel it will crash,along with wall street and oil, so they are buying something that is cheaper
By Beau.Gus on Sep 15, 2009 | Reply
The long term metals are little piece of company so their price is though they are little piece of company so their price is dictated largely by supply demand and the only valuable when people think about as losy place to keep your money as losy place to keep.
The mattress think about as losy place to keep your money as losy place to keep your money as losy place to keep your money as there it doesnt do anything and the mattress.
The mattress think about it platinum just sits there it any real value is realrun company so their price is realrun company so their price is realrun company that has earning potential assuming.
For making catalytic converters or earrings.
By Benjamin Franklin on Sep 16, 2009 | Reply
It really has to do with demand. If you noticed, when oil hit a record of $147 in the summer gold hit its own record. Now that oil has fallen so has gold. Platinum is not too much in demand therefore the price will not be as high, and unless there is more economic turmoil, platinum will not go as high as it did.
By Robert M on Sep 18, 2009 | Reply
Platinum used in catalytic converters in cars. Go buy a car.