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/biz/ - Business & Finance

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55880671 No.55880671 [Reply] [Original]

why is platinum worth less than gold? it's rarer, has a wide range of industrial applications, just the better metal than gold.

>> No.55880680

>>55880671
It usually is, the past few years have been an aberration. But it's not a monetary metal so it has much lower demand than gold, especially in a high inflationary environment

>> No.55880690

>>55880671
Bottom signals

>> No.55882266
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55882266

>>55880671
Because everything is worth based on what others will pay for it.

The richest people have stocks.
The largest companies hold government bonds.
And all the governments horde GOLD. Even the USA.
Not stocks. Not bitcoin. Not ape.jpgs. Not platinum.
GOLD.

That said. Just cause a lion only eats meat and hunts wilderbeast doesn't mean you should too. Nor should you eat grass like a cow.

>> No.55882581

>>55880671
>has a wide range of industrial applications
not nearly as wide as gold thoughalbeit.
Gold's significantly easier to work with, so much so that platinum is not going to replace it even despite the 2x price diff. Pt is a great catalyst and that's about its only practical use case

>> No.55882651

>>55880671
Because in this world under Jewish control the more real world use something has and the more real it is the less value it has.

Under dominion of the anti christ only fake financial derivative assets have value. If you produce actual labor you get paid minimum wage or close to it, if you produce fake financial data or fake value you get paid a lot.