Gold vs Platinum – Key Differences for Investors

Investing in precious metals you will no doubt be attracted by the ever-present appeal of gold. There are many others that can also turn your head though. If you are looking for another relatively rare alternative to gold that has many practical uses within the economy and often trades in the same direction, platinum could be a great choice.

Here we will take a closer look at how the two compare from an investment perspective, factors that make both appealing, and some of the similarities as well as differences between both from a trading view.

Gold vs Platinum Pricing

When it comes to the spot prices, both of these precious metals rank quite highly when compared with others like silver. At present both are trading above $1,000 with gold tending to remain quite a bit higher than platinum. That, however, has not always been the case.

For many years platinum actually traded at significantly higher prices than gold. This reached a peak platinum price of more than $2,000 in 2008 although the price of gold also started to overtake platinum in the same year. For the last several years, gold has consistently traded above platinum in the market although both metals tend to benefit quite a lot from economic uncertainty and act as a store of value in times of economic crisis.