How does the price of gold compare to platinum these days?

[bgray]

is one a better value than the other?

 

[oldminer]

For "investing" in a hoped for return or stability of capital, I''d think gold outshines platinum. It has a broader market and it is traded as a
quasi-currency. Platinum has a thinner supply and marches to a different drummer. I think gold went above $1200/oz at one point today. It is likely to continue upward for many reasons. We are not so certain what platinum will do.

No doubt there always will be continued up and down moves as nothing goes straight up or down forever.

 

[stone-cold11]

better value as compare with what?

spot price.
http://www.kitco.com/

Remember that Pt is denser than gold and are used at a purer level than gold, so more is needed for a given piece.

 

[bgray]

Date: 12/1/2009 3:54:59 PM
Author: oldminer
For ''investing'' in a hoped for return or stability of capital, I''d think gold outshines platinum. It has a broader market and it is traded as a

quasi-currency. Platinum has a thinner supply and marches to a different drummer. I think gold went above $1200/oz at one point today. It is likely to continue upward for many reasons. We are not so certain what platinum will do.


No doubt there always will be continued up and down moves as nothing goes straight up or down forever.

no i am getting a custom jewelry quote and i would like the piece in platinum for the same price as gold.......what are my chances. its a pretty simple piece...

 

[denverappraiser]

Platinum used in jewelry is 90-95% platinum while most gold is 58-75% gold. Add to this that platinum is about twice as heavy so you’ll need more than twice as much material for the same volume. Add the fact that it’s more difficult, read more time consuming, for the jeweler to work with platinum and you end up with a significantly more expensive job to do the same design in platinum over gold. If you’re getting the same price quoted, there’s something wonky going on.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[bgray]

Date: 12/1/2009 4:02:58 PM
Author: denverappraiser
Platinum used in jewelry is 90-95% platinum while most gold is 58-75% gold. Add to this that platinum is about twice as heavy so you’ll need more than twice as much material for the same volume. Add the fact that it’s more difficult, read more time consuming, for the jeweler to work with platinum and you end up with a significantly more expensive job to do the same design in platinum over gold. If you’re getting the same price quoted, there’s something wonky going on.


Neil Beaty

GG(GIA) ICGA(AGS) NAJA

Professional Appraisals in Denver

thanks! great info--no NOT the same price--in fact no price quote yet. just wondering what to expect. thanks!

 

[FB.]

For many decades, platinum prices have varied between being roughly equal to gold in bad times, to being roughly double that of gold in good times.
As of a few minutes ago, I see that platinum was $1480 and gold $1197 (per ounce).