Home | November 2011News | Bill Hionas says Platinum May be a Real Bargain |
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Bill Hionas says Platinum May be a Real Bargain
- Bill Hionas says Platinum May be a Real Bargain
- November 03, 2011
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The platinum / gold ratio is historically unusual.
MIAMI, FL - The current situation regarding the platinum / gold ratio is interesting. Never in recent history has gold traded at such a high premium to platinum, which is not only far rarer than gold but also has more industrial uses, including the jewelry industry. Platinum is considered a noble metal since it has no chemical reactivity and was described by Louis XV as the 'only metal fit for a king'. Gold's attraction, on the other hand, is in its intrinsic value and its historic success as a ...
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