But...But gold can be found in many electronic product. How can you say gold less usuable than platinum?

not real demand... more to "herd" demand like ipong

robertgo question is...why the "herd" demand is not on platinum but gold

how is gold more "asset safe heaven" and not platinum when platinum is more rare

This post has been edited by dr2k3: Nov 11 2012, 12:16 PM

http://www.ebullionguide.com/platinum-uses.aspx

u change hardisk more than you change processor...which most of the small amount of gold is located...so yeah...platinum got more uses than gold...suppose to be more demand than gold

This post has been edited by dr2k3: Nov 11 2012, 12:18 PM

Gold is more recognizable and is more commonly accepted as a symbol of wealth compared to the less understood platinum.When people see golden jewelry they straight away recognize it as gold.platinum, people might mistook it as silver or steel at a glance. it doesnt stand out among other lesser metals as good as gold. All these might be among the factors that makes gold a more popular choice hence, more demands.

cost manufacturer more time and money to create platinum jewelry than gold jewelry.
Platinum is more difficult to work with and is more labor intensive compared to gold

Basic economics, which item has more demand and is more famous will get price hike!?

that should mean more exp not cheaper

it's sort of a nash equilibrium in game theory terms. it benefits no single market participant to deviate from gold, the only way for platinum to take over as the safe haven is for a huge portion of the market to deviate at the same time, which is almost impossible.

from history...gold is the most precious metal

This post has been edited by feekle: Nov 11 2012, 12:23 PM

which is precisely the reason why it should be more expensive than the soft gold.

because gold is less 'responsive' to other elements.

platinum are clearly more usefull than gold. 30% of platinum are use for industry and 30% for catalyst converter. gold are mostly just sitting there as store of value and adornment

in another word....it's not real physical uses demand, more rare hence more valuable....it's more to monkey see monkey do kind of demand?

This post has been edited by dr2k3: Nov 11 2012, 12:26 PM

Because women doesnt like it. Go ahead and tell them diamonds are nothing but pressurized carbon and see they react.

nope, if something is harder work with or more expensive to profit from, then it's net marginal benefit is lower which makes it worth less. same reason why economically unrecoverable oil reserves are practically worthless.

This post has been edited by iceypain: Nov 11 2012, 12:28 PM

Oh. Thanks for the info

yep, it's not illogical though, because nobody benefits from not following.

gold price go up fast is mean less and less country don't trust the paper value of money, especially USD. It is a bad sign.

uranium lagi mahal bro
owait

0:53