| Both platinum and gold are useful metals. but where gold's use is ultimately social - being a thing of beauty, symbol of power, store of value and a means of exchange since the earliest civilizations - platinum is primarily an industrial metal. Which isn't helping platinum versus the gold price one bit right now.
Platinum - from platina, meaning "little silver" in Modern Latin via Spanish - was only identified as a precious metal in the mid-18th century. So it lacks gold's long history of human use. In our modern age of global commodity markets, unbacked fiat currency, and fast-growing car ownership however, little silver has always traded at a steep premium to gold - a 46% premium per ounce on average...............................................Full Article: Source
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