how gold is more expensive when platinum is much rarer, harder to mine, and have more utility?

Because gold is shiny.

This post has been edited by Blackops981: Nov 11 2012, 12:03 PM

higher demand?

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

this

way more speculators on gold

This post has been edited by Keith321: Nov 11 2012, 12:05 PM

Becus gold is easier to pronounce

maybe coz genneva cases?

speculation on "paper" gold

platinum have much more utilization in industry and jewelry.

Riposta

This post has been edited by Shadow Kun: Nov 11 2012, 12:06 PM

platinum not shiny?

yearly supply of mined gold is 4000+ tonnes, platinum is less than 200 tonnes. how can platinum be cheaper than gold

geneva can open new business

trading platinum

More utilization does not guarantee higher demands.

a lot of people buy gold as an investment vehicle, few invest in platinum

lol

why buy something that have much more supply and less industrial demand?

gold can be used as commodity during hardships such as war..

industrial demand is only a subset of total demand

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

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.

ts, u tok so much.

u wanna tell america and great britain, those hundreds of tonnes of gold are now worthless? because u are a keyboard warrior?

it like asking, why american bill worth so much?

wealth preservation kind of demand is speculative demand...

industrial demand is more real demand

This post has been edited by dr2k3: Nov 11 2012, 12:49 PM

also, because wearing platinum wear look just like silver.

assuming there are golds in the fort knox. *conspiracy theory hat on

silver or platinum looks better tho

gold look like old fag

it's not easy to draw the line between speculative demand and plain old demand. do you hold cash (excluding fx trading) because you're speculating that it will increase in value?

This post has been edited by iceypain: Nov 11 2012, 12:51 PM

people have been teach over generation until now.gold gold gold...dalam Quran pun sebut "emas emas emas"

so.................

boost demand lor.u jual pun untung.u guna pun tak rugi.u also jadi kaya.u miskin jumpa emas pun jadi kaya in flash.

yes..fx trading

to me buy and sell is speculative

unlike industrial it is buy and use...therefore it is the real demand for me

by ex. i meant except.

what is the ultimate goal of a manufacturer? to sell its product for profit right? so is the act of buying raw material and turning it into product speculative? it's used as a tool, as a means to an end. same with people who buy gold to preserve wealth, it's just that their using as a means to another end.

this is not to say the price of gold is not inflated by speculators because it definitely is right now.

This post has been edited by iceypain: Nov 11 2012, 12:57 PM

those puppeteers controlling the market

electricity conductivity ^ = value ^

what i mean is that...if a person buy a gold and sell the gold out....it's speculative

manufacturer cannot sell the end product into gold market anymore unless they melt it back to pure gold..therefore manufacturer cannot be say as speculative.....they are speculative on their own product but not to gold market

This post has been edited by dr2k3: Nov 11 2012, 01:01 PM

Because Supply and demand

sure. there are 200 tonnes of platinum. but ppl only want 50 tonnes. so what?

Gold on the other hand, only have 4000 tonne. but people want 100,000,000,000 tonnes. so how?

another way to look at it is that gold has one use outside industry, which is as a store of value i.e. money.

for example, if the value of the metals in a coin exceeds the face value of the coin itself, then the coin is worth more than its face value (disregarding legal and smelting costs). this is because the metal has two uses.

This post has been edited by iceypain: Nov 11 2012, 01:10 PM

True. That's just how marketing works. Platinum might be the better product but it have terrible marketing hence the lesser demands. Nobody to blame for that.

This post has been edited by Shadow Kun: Nov 11 2012, 01:08 PM

because gold is stone with golden color,dat y high price than platinum

which conclude that people who buy gold @ price > platinum are retards.

gold is metal

Bretton Woods System.

Aurum looks like the sun
Platinum looks like the moon

where are you guys are looking at price for platinum which is cheaper den gold O.o? i wanna go survey dat shop...

ask TS, he raged!!

I hope TS can provide any source stating that platinum is cheaper compared to gold else this is gonna b a nonbrainer argument thread...
the last thing u wanna say is...my frenz fren who works in a frenz shop said that platinum is cheaper then gold

ya.i mean the color

you're a fuking idiot bro.

global spot prices as of 8 November: for platinum 1551 USD/oz; Gold 1730USD/oz

manaada.jpg, silver's still significantly cheaper compared to gold.

gold plated connector is bcoz it is resistant to oxidation

because genneva lo

because masa itu emas .. not masa itu platinum

If there a piece of gold and piece of platinum bar on the floor for those aunty and uncle pick either one of them, which 1 will they go for? Maybe that is the answer.

sorry ya i din know ya was talkin globally...
coz current global economy seems pretty bad which effects the pricing chart of both the metals....
but y no diff in our Malaysian Gold Shop ehh....
or am i visiting the wrong shops

It's because all that glitter is gold.