The info in Wikipedia is from 2006. As of that date, about 80% of the platinum uses are industrial and 20% were for jewelry. No mention was made of coins. In any case, platinum use is primarily industrial so as industry slows its production, its consumption of platinum should also slow.
We have seen Pt prices drop like this before. On average, there has been about a 60% rise in the price of Pt in the 2 years following its price drop to below that of gold. The recent drop in Pt prices to below those of gold could very well show significant price gains over the next year or two. Anyone who watched the gold / silver ratio and who uses that to trade in and out of gold and silver in such a way as to maximize their total PM ounces should really be selling Au now and buying Pt. If the typical pattern occurs in this case, they will be able to sell the Pt in a couple of years and buy Au with their profits.
If I had any Au, I would be doing that now.
We have seen Pt prices drop like this before. On average, there has been about a 60% rise in the price of Pt in the 2 years following its price drop to below that of gold. The recent drop in Pt prices to below those of gold could very well show significant price gains over the next year or two. Anyone who watched the gold / silver ratio and who uses that to trade in and out of gold and silver in such a way as to maximize their total PM ounces should really be selling Au now and buying Pt. If the typical pattern occurs in this case, they will be able to sell the Pt in a couple of years and buy Au with their profits.
If I had any Au, I would be doing that now.






















