http://www.tradingnrg.com/why-gold-price-is-higher-than-price-of-platinum/
January 24, 2012
Currently, gold price is near $1,664 per ounce, and platinum price is at $1,530 per ounce, i.e. gold is nearly 8.7% more expansive than platinum.
The chart above presents the development of gold and platinum during 2011 and 2012 up to date. It shows that during most of the year platinum was more expansive than gold; this makes sense because platinum is much less common than gold. According to several sources the worldwide supply for platinum reached in 2010 188.5 tonnes, while the global gold supply was 4,162 tonnes.
Since both metals are linked for being precious metals, it’s no surprise that their linear correlation between their prices was strong and positive. The chart below shows the moving linear correlation between gold and platinum (daily percent changes) during 2011 and 2012.
http://www.tradingnrg.com/wp-content/uploads/2012/01/Correlation-Gold-Silver-Prices-and-euro-to-us-dollar-Feb-November-2011-December-14.jpg
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
No comments:
Post a Comment