platinum vs gold price ratio

The indicator works just as the A safe-haven asset is an asset that is uncorrelated (weak safe-haven) or negatively correlated (strong safe haven) with another asset or Did you enjoy the article? Thus，the ratio of gold to platinum prices (termed as the GP ratio) can be used as a measure of risk in the economy. Since that time, gold has been used as an investment. The indicator works just as the The chart below presents the number of ounces of platinum it has taken to buy a single ounce of gold since 1975 (we use futures prices, as the data series for the London fix for platinum is available only beginning in 1990).Chart 1: Gold-to-platinum ratio (price of gold divided by the price of platinum, red line, right axis), price of gold (yellow line, left axis, Comex gold futures, front month) and price of platinum (blue line, left axis, Nymex platinum futures, front month) from 1975 to May 13, 2016.As one can see, the ratio has been below one most of the time. However, platinum is much more widely used in the industry; therefore, it behaves more like a commodity and it is more business cycle-sensitive than gold or even silver.The platinum-to-palladium ratio is the price of platinum divided by the price of palladium. Gold is a global monetary asset and its price reflects the global sentiment, however, it is mostly influenced by the U.S. macroeconomic conditions.Trading gold-silver ratio can earn you money while you remain invested in the precious metals at all times - that's the first and foremost reason why every gold and silver investor should know more about this ratio. Gold trades based on investor sentiment, not on supply and demand. It’s also used in turbine engines, medical devices, computers, and the petroleum industry.While gold is produced in dozens of countries around the world, almost all of the world’s platinum is mined only in two countries – South Africa and Russia. The automobile industry relies heavily on platinum to make catalytic converters for cars, buses and trucks to reduce emissions. If you look at that chart, and you have a single contrarian bone in your body, then you have to be itching to buy. Unlike national currencies, the yellow metal is not tied to any particular country. Both [caption id="attachment_656139" align="aligncenter" width="400"] Pixabay/Public Domain[/caption]Precious metals have attracted investors looking to diversify their portfolio of stocks, bonds, and cash. So, its value depends on the laws of supply and demand rather than the sentiments of investors. It causes platinum prices to fall.The auto industry also affects platinum prices because it accounts for nearly half of the world’s platinum consumption. For centuries, platinum has been considered a higher symbol of value and quality, primarily because it’s rare and more difficult to mine. As a result, platinum prices fell as much as 15% within three months.Over the long-term, gold and platinum tend to move in the same direction. Here's the ratio of the platinum price to the gold price (it's the platinum price per ounce divided by the gold price per ounce), going back to 1990. It is neither a commercial commodity, nor a title to any such commodity, so it is irredeemable paper money without any intrinsic value.Chemically, gold is an element with the symbol Au and atomic number 79. Investors large and small buy gold to diversify their portfolio, especially during uncertain economic conditions where the Gold prices go up when there is an economic crisis or slowdown as investors run to the safety of precious metals. Silver Prices Today - Live Chart. Contrary to commodity money, which is money that is at the same time a commercial commodity, fiat money is a legal claim, which derives all its properties from the law. The value of platinum depends on supply and demand while that of gold relies heavily on investor sentiments.Gold’s status as a safe haven pushes its prices up during periods of economic uncertainty. Or the two countries could join hands to artificially inflate the platinum prices.Platinum has a much wider application in the industry vs gold.

In case of precious metals, the great A bull market is characterized by optimism, investor confidence and expectations that prices will tend to go up. When South African mines faced power delivery problems, platinum prices skyrocketed to $2,252 per ounce in March 2008.

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