|Historical Rate Chart comparison of Platinum & Gold Prices|
Here are the findings,
- Between, 1885-2000, the platinum rate was very close to the gold rate.
- After the year 2000 A.D., the platinum rate started shooting up significantly, whereas the gold rate did not jump as much & this difference peaked in the year 2008, when Gold Rate was $945.75/oz whereas Platinum Rate jumped to $2155/oz, more than twice the gold rate.
- This is what must have lead people to believe that the platinum rate is generally twice the gold rate.
- Between 2009-2012, both platinum & gold started rising together & then started falling again, however this time, platinum rates fell significantly more than gold which led to the platinum prices being significantly cheaper than the gold prices.