Supply and demand. There are more demand for gold than platinum.

that kind of demand is scary....no fundamental support....except "emotional" support which is scary if want to use as safe heaven

just like the geneva.....bunch of zombie support

Because 60,000 1Malaysians buying Gold from Genneva.. that's a huge demand ... and Genneva claimed to have billions ... so of course gold more expensive lo ..

it means low demand since it takes more time and harder to make, and not to forget platinum is heavier than gold

most of the logic on gold is that it is rare hence the justified of it's price/demand

not exactly. geneva is different because it doesn't benefit one to continue following, at some point the ponzi scheme will go bust.

note that i'm refering to the convention of using gold as a store of value, not speculation. speculative bubbles are not nash equilibria

perhaps a more pertinent question is why did people start using gold instead of platinum as a store of value. the answer to that is that platinum was only discovered in the 20th century.

This post has been edited by iceypain: Nov 11 2012, 12:36 PM

why use gold as store of value when there is less value in it than platinum?

just because it has many utilization does not mean it got the highest demand

price = demand VS supply

value is a social construct: the relationship between supply and demand. since gold has more demand relative to supply, it is regarded as more valuable. the answer to why in the first place is is my previous post.

[quote=iceypain,Nov 11 2012, 12:34 PM]
[quote=dr2k3,Nov 11 2012, 12:29 PM]
that kind of demand is scary....no fundamental support....except "emotional" support which is scary if want to use as safe heaven

just like the geneva.....bunch of zombie support

not exactly. geneva is different because it doesn't benefit one to continue following, at some point the ponzi scheme will go bust.

note that i'm refering to the convention of using gold as a store of value, not speculation. speculative bubbles are not nash equilibria

[/quote]


u cannot see the big picture....

platinum was price at 2.2k before 2008 meltdown.....6xx on gold

how is platinum less valuable when gold is less rare than platinum have less store of value than gold...when production cost didn't increase much

platinum supply is low, and it is critical in many industrial process and must be use in car catalyst. how is that less in demand than gold that have 20x more supply?

because human treasures gold since the beginning of time.

Perception is a powerful aspect most people overlook in this comparison. Gold has been known since the dawn of time as a symbol of wealth even during times when it's industrial uses is nonexistent. Platinum is only known pretty recently in comparison and up until today it's still less understood to the masses. Simply put, screw rarity, screw usability. Gold plainly beats platinum down to the ground in popularity contest.

because post-meltdown, people value wealth preservation much more than pre-meltdown while industrial demand for both remained unchanged.

This post has been edited by iceypain: Nov 11 2012, 12:44 PM

When money rules the game it diminishes life*
It narrows perspective to a single line
If it is too much it is not enough
Whatever we earn, for more you still yearn

We’re looking for satisfaction
Our world is stuffed with ambition
Everything we do, is done in excess
We’re junkies addicted to success

All our emotions are rationalized
We’re careful on what we capitalize
Rare rocks and precious metal
Our power grows, it’s natural

If faith has a use, it’s to let us believe
Righteousness is on our side
We got nothing to hide
Of our goal, of our lust
In Gold we trust

We’re looking for satisfaction
Our world is stuffed with ambition
Everything we do, is done in excess
We’re junkies addicted to success

If faith has a use, it’s to let us believe
Righteousness is on our side
We got nothing to hide
Of our goal, of our lust
In Gold we trust

Money, prosperity
Wealth has authority

just like ipong and android popularity contest when ipong spec is lower ?

eh gold vs platinum pon boleh jadi shit storm ke?

in the bronze age, bronze are the most valuble metal and are use to display wealth

because during war time, your captor will slap you if you offer him platinum bar in exchange for freedom, instead ofgold bar.

simple, gold has a lower melting point temperature (1,064° C) compared to platinum (1,768° C), less toxic, and less prone to fuse with other elements when exposed to natural environment.