The high price of platinum can be attributed to its rarity and density, since precious metals are usually valued according to their weight. Four days ago, platinum has been much rarer than gold and other metals that investors buy, such as copper and silver. South Africa produces more platinum than any other country, so interruptions in operations in that country can seriously affect the global supply of platinum. While the price of platinum depends largely on supply and demand, gold is much more stable and is often used as an investment option through a Gold IRA broker. In general, platinum is not a better investment than gold.
Gold is more stable, is more easily mined, and its price doesn't fluctuate as much as platinum. And the value of gold is considerably greater than that of platinum. If you're looking for alternatives to a traditional IRA and are deciding whether to buy gold or platinum, gold is probably your safest bet. Discussion on lab-grown diamonds, research on why trackable and third-party certified ASM gold is so important, and research on why platinum is no longer more expensive than gold.
Its value fluctuates daily and is measured by the purity of the gold used, with 24-carat gold being the most valuable with 100% gold. White gold is created by alloying approximately 75% yellow gold and 25% other elements, a large proportion of which are palladium. Nowadays, many people invest in gold as a supplement to traditional stocks and bonds because gold can be used instead of fiat currency in the event of an economic crisis.
