Gold
History Price
World Silver
Price
Silver History Price
World
Platinum Price
Platinum History Price
Featured Item
PLATINUM INVESTING
Price of Platinum
Article # : platinum150
Price of Platinum
The price of platinum, like other industrial commodities, is more volatile than gold. In 2008 the price of platinum ranged from $774 to $2,252 per oz.
During periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold, whereas during periods of economic uncertainty, the price of platinum tends to decrease due to reduced industrial demand, falling below the price of gold. Gold prices are more stable in slow economic times, as gold is considered a safe haven and gold demand is not driven by industrial uses. In the 18th century, platinum's rarity made King Louis XV of France declare it the only metal fit for a king.
Source: Wikipedia