Timewarp
227
Gold v/s Platinum
May 24, 2019,11:21 AM
Platinum came into prominent in the Second World War as it was a very good conductor and was used in soldiers and contacts. Subsequently better conductors have been found. It is also considered a rare earth.
Today gold is considered a commodity for exchange and is also used as a result. Many countries have gone back to the gold standard after the 2008 financial crisis. Platinum has never been as a mode of exchange in dire times. At one point of time even pen nibs used to be made of platinum.
Palladium is rarer than platinum and it is used to make white gold. Palladium has a better hue than platinum. Palladium is used in catalytic converters of cars hence the demand has gone up.
After the first Gulf War in 1991 gold was $384 a Troy ounce, silver was $4 and oil was $18. So where are we now?