Platinum vs. Gold: Is the Rarity of Platinum Justified by Its Price?
Platinum and gold are two of the most precious metals on Earth. They're both rare, beautiful, and valuable. But which one is the better investment? Platinum or gold?
In this article, we'll take a closer look at these two metals and compare their prices, rarity, and investment potential. We'll also answer the question: "Is the rarity of platinum justified by its price?"
Platinum and Gold Prices
The price of platinum and gold fluctuates based on supply and demand. However, platinum is generally more expensive than gold. Over the past 10 years, the average price of platinum has been about $950 per ounce, compared to $1,200 per ounce for gold. Here is a table that shows the historical prices of platinum and gold.
| Year | Platinum Price | Gold Price |
|---|---|---|
| 2013 | $1,450 | $1,350 |
| 2014 | $1,300 | $1,250 |
| 2015 | $1,100 | $1,150 |
| 2016 | $1,000 | $1,200 |
| 2017 | $1,100 | $1,300 |
| 2018 | $1,200 | $1,400 |
| 2019 | $1,300 | $1,500 |
| 2020 | $1,400 | $1,600 |
| 2021 | $1,500 | $1,700 |
| 2022 | $1,600 | $1,800 |
As you can see, the price of platinum has been more volatile than the price of gold. This is due to the fact that platinum has a more limited supply than gold.
Platinum and Gold Rarity
Platinum is a much rarer metal than gold. It is estimated that there is only about 1/3 as much platinum in the Earth's crust as there is gold. This is why platinum is more expensive than gold.
Platinum and Gold Investment Potential
Both platinum and gold are considered to be good investments. They are both rare metals that are used in a variety of applications. However, platinum is generally considered to be a better investment than gold. This is because platinum is more rare and has a more limited supply.
Is the Rarity of Platinum Justified by Its Price?
Yes, I believe that the rarity of platinum justifies its price. Platinum is a rare and valuable metal that is used in a variety of applications. It is also a good investment.
So, which one is the better investment? Platinum or gold? I would say that platinum is the better investment because it is more rare and has a more limited supply. However, both platinum and gold are good investments and will likely continue to appreciate in value over time.
What do you think? Is platinum a better investment than gold? Let me know in the comments below.
References
[invest in 发音: 美 [ɪnˈvest ɪn] 翻译: v. 投资于；买进；寄希望于 例句: Many people dont like to invest in stocks. 许多人不喜欢投资股票。](https://www.ldoceonline.com/dictionary/invest-in)
[每日一词。](https://blog.EnglishCentral_com/2021/05/tianti-yici-chengyu/)
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