Volatile prices of Platinum
However, both platinum and gold are in the same field as both are commodities which are in powerful bull markets. They are both very precious and in some aspects platinum seems to be more precious than gold. This is because the price of platinum vs. gold is usually higher and also because its supply is lesser than gold. Additionally, there is a greater industrial demand for platinum in automobiles, apart from being used in jewelry. The annual production of platinum is only about 8% that of gold, which makes it all the more valuable. There are a whole lot of other applications for platinum, such as turbine blades and medical sensors. The investment in platinum is also on the rise with bars, coins, and asset backed ETFs.
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