What makes platinum so valuable?
What makes platinum so valuable?
Factors for Platinum Prices Temperamental during the melting process, jewellery is rarely made entirely of rhodium, making them extremely valuable when discovered. Platinum is the second highest valued metal. Platinum is denser, and thus more material weight is needed to produce the same ring than from white gold.
Where is the most platinum in the world?
Most of the platinum in the world is found in Southern Africa, Russia, and North America. South Africa leads the way, producing 75% of the world’s platinum output every year.
Why is silver a bad investment?
Silver as a monetary metal will never return. A lot of demand also goes purely into “investment” which pretty much means there are probably billions of oz of silver just sitting in people’s basements. If price rises rapidly those people will probably sell and drop the price again.
Why was gold so cheap in 2000?
The markets thought that the debt-financed growth could continue for years; they created the dot com bubble on top of it that strengthened technology stocks and the related currency, the dollar. This rare situation led to excessively weak oil and gold prices.
What will the price of gold be in 2050?
On MCX, February gold futures slumped 4% or ₹2050 to ₹48,818 per 10 gram while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg.
Will gold prices go down in 2021?
Gold can touch new levels in 2021 According to experts, gold prices are set to increase in 2021. They predict that once the price of gold starts increasing, it will cross the level of ₹62,000 per 10 gram.
Who owns most of the world’s gold?
Top 10 Countries with Largest Gold Reserves
- United States. Tonnes: 8,133.5. Percent of foreign reserves: 79.0 percent.
- Germany. Tonnes: 3,363.6. Percent of foreign reserves: 75.6 percent.
- Italy. Tonnes: 2,451.8. Percent of foreign reserves: 71.3 percent.
- France. Tonnes: 2,436.0.
- Russia. Tonnes: 2,299.9.
- China. Tonnes: 1,948.3.
- Switzerland. Tonnes: 1,040.0.
- Japan. Tonnes: 765.2.
