how gold is more expensive when platinum is much rarer, harder to mine, and have more utility?
Why are gold more expensive than platinum, make not economic sense
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 Nov 11 2012, 12:01 PM, updated 14y ago
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#1
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4,027 posts Joined: Oct 2004  
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Nov 11 2012, 12:03 PM
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#2
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82 posts Joined: Apr 2011 From: Kuala Lumpur, MY
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Because gold is shiny.
This post has been edited by Blackops981: Nov 11 2012, 12:03 PM |
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Nov 11 2012, 12:03 PM
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#3
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102 posts Joined: Dec 2006
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higher demand?
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Nov 11 2012, 12:03 PM
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#4
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180 posts Joined: Dec 2011 From: Gingerbread house
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Platinum low demand ma...
 Gold all used to make jewellery and all those fag go buy than demand increase supply stay same so price go up |
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Nov 11 2012, 12:03 PM
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#5
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QUOTE(elairz @ Nov 11 2012, 12:03 PM) higher demand? this |
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Nov 11 2012, 12:04 PM
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#6
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114 posts Joined: Apr 2010 From: ？？？？
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way more speculators on gold
This post has been edited by Keith321: Nov 11 2012, 12:05 PM |
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Nov 11 2012, 12:04 PM
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#7
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621 posts Joined: Sep 2008 From: Middle of Nowhere
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Becus gold is easier to pronounce
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Nov 11 2012, 12:05 PM
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#8
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143 posts Joined: Jul 2009 
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maybe coz genneva cases?
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Nov 11 2012, 12:05 PM
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#9
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3,725 posts Joined: Jul 2005 From: In /hardware/
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speculation on "paper" gold
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Nov 11 2012, 12:05 PM
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4,027 posts Joined: Oct 2004
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QUOTE(elairz @ Nov 11 2012, 12:03 PM) higher demand? platinum have much more utilization in industry and jewelry. |
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Nov 11 2012, 12:05 PM
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621 posts Joined: Sep 2008 From: Middle of Nowhere
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Riposta
This post has been edited by Shadow Kun: Nov 11 2012, 12:06 PM |
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Nov 11 2012, 12:05 PM
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4,027 posts Joined: Oct 2004
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QUOTE(Blackops981 @ Nov 11 2012, 12:03 PM) Because gold is shiny. platinum not shiny? |
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Nov 11 2012, 12:07 PM
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yearly supply of mined gold is 4000+ tonnes, platinum is less than 200 tonnes. how can platinum be cheaper than gold
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Nov 11 2012, 12:07 PM
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429 posts Joined: Aug 2009
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geneva can open new business
trading platinum |
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Nov 11 2012, 12:07 PM
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621 posts Joined: Sep 2008 From: Middle of Nowhere
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QUOTE(robertngo @ Nov 11 2012, 12:05 PM) platinum have much more utilization in industry and jewelry. More utilization does not guarantee higher demands. |
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Nov 11 2012, 12:09 PM
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503 posts Joined: Jun 2008
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QUOTE(robertngo @ Nov 11 2012, 12:07 PM) yearly supply of mined gold is 4000+ tonnes, platinum is less than 200 tonnes. how can platinum be cheaper than gold a lot of people buy gold as an investment vehicle, few invest in platinum |
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Nov 11 2012, 12:11 PM
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82 posts Joined: Apr 2011 From: Kuala Lumpur, MY
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  lol |
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Nov 11 2012, 12:11 PM
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QUOTE(iceypain @ Nov 11 2012, 12:09 PM) a lot of people buy gold as an investment vehicle, few invest in platinum why buy something that have much more supply and less industrial demand? |
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Nov 11 2012, 12:12 PM
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gold can be used as commodity during hardships such as war..
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Nov 11 2012, 12:13 PM
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503 posts Joined: Jun 2008
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QUOTE(robertngo @ Nov 11 2012, 12:11 PM) why buy something that have much more supply and less industrial demand? industrial demand is only a subset of total demand |
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