Do Platinum Prices always follow Gold Prices?

J

jay42

Does Platinum move in accord with Gold?

Also: Are there any equities that represent platinum? Either an ETF or some kind of investment trust like StreetTRACKS Gold?
 
Thank you both for the quick responses.

killATwill - it looks like your link is to a secure member login-area. If you can use a free pic host like www.imageshack.us
maybe that would help us to see it.

Question:
Is there a chart showing the price of gold vs. price of platinum over time? that might show if there's a more obvious parallel.
 
No. Platinum and palladium (sister metals found together in minute amounts near nickel deposits) have important uses in the manufacture of catalytic converters and also fuel cells, which is a huge growth market.

They are much scarcer than gold and have a much higher demand for industrial applications.

As a member of the precious metal family there price will most likely rise and fall to some degree in line with inflationary pressures.


Runningbear
 
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