Platinum Vs White Gold Color And Care
The difference in color between platinum and white gold is unnoticeable to the naked eye, like this white gold cushion cut diamond ring from James Allen and this platinum cushion cut ring also from James Allen. Alternatively, yellow and rose gold show distinct colors when compared to platinum and white gold.
Platinum scratches more easily than 18 Karat or 14 Karat gold. Upkeep for platinum tends to be higher, because it must be cleaned and polished regularly to maintain its smooth appearance. Gold will need to be re-polished and re-plated, but generally not as often as platinum.
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Platinum Price Vs Gold Price Technical Analysis: Weekly Chart
The XAU/XPT pair recovered sharply from 1.3622 in mid-February to 1.9438 in mid-September, indicating a rise of 42% within a short time.
Although the pair broke above the 61.8% Fibonacci retracement level at 1.9095, the bulls could not sustain the higher levels. This shows that bears are attempting to sell on rallies.
The bulls are currently attempting to defend the support line of the ascending channel. If the price rebounds off the support line, the bulls will make one more attempt to clear the overhead hurdle.
If the price rises above 1.9438, the pair could climb to 2.0583. If this level is scaled, the pair could complete a 100% retracement and rally to 2.2478. Conversely, a break below the support line of the channel could start a deeper correction.
Platinum Vs Gold: Which Should You Choose For Your Jewelry
Platinum and gold are two precious metals revered for their appearance and value. Both are great investments and gorgeous gifts, but they do have some notable differences. Some of these differences are immediately apparent, and others are more surprising.
Below, well examine the color, comfort, appearance, maintenance, durability, and value of these precious metals. Keep reading to learn how gold vs. platinum compare.
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Will Platinum Go Up 2020
Platinum price climbs to six-year high The platinum price rose by 13% in 2020 to end the year at $1,072.12 an ounce. It slipped back to $1,035.56 an ounce on 11 January, before rallying to the February high. The price has since been trending higher, and has maintained a range of $1,200-$1,255 an ounce so far in May.
The Mysterious White Metal Thats Rarer Than Gold
Platinum is 30 times more rare than gold. If all the platinum ever mined were melted and poured into an Olympic-sized pool, the platinum would barely reach your ankles. Gold, however, would fill three pools. Think about that when you compare platinum with other precious metals, especially if youre in the market for an engagement ring or wedding band. Precious platinum is truly as rare as your love.
The metal you choose to symbolize your marriage has some amazing beginnings. Johnson Matthey, one of the worlds largest platinum producers, gives us a little history: When the Spaniards searched for gold in the New World, they found a strange white metal. Unaware of its potential, they hurled the ore into nearby rivers, hoping that in time, the rocks would mature into gold. Calling it platina, or little silver, the prospectors did not realize that the very rocks they threw away contained an element that was more precious and rare than the metal that drove their ambitions.
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Why Are Platinum Rings More Valuable Than Gold
When it comes to choosing a metal for your engagement or wedding ring, platinumis typically a more expensive choice. The main reason for this is that preciousmetals are priced by weight, and platinum is much denser than gold, meaning itwill be heavier.
Another reason why platinumrings are more valuable than gold is because the metal is much rarer. Everyyear, approximately 1,500 tonnes of gold is mined, in comparison to just 160tonnes of platinum.
In terms of sheer purity, platinum rings are made of atleast 90-95% platinum and this density makes the band much more durable thangold. In comparison, a 14k gold ring band is typically only 58.5% gold, and theprice difference reflects the quantity of the rare metals needed.
Is platinum better than gold for wedding and engagementrings?
Whilst many believe that platinum is the best metal forjewellery such as engagement and wedding rings, the truth is, when it comes toappearance, they are virtually identical.
Can you tell the difference between the two rings below?
Whilst platinum is more expensive, 14K and 18K white goldare durable enough for everyday wear, meaning platinum isnt a must-have.
While platinum is typically stronger and more durable, it isstill a softer metal than gold making it more vulnerable to scratches. Thescratches along a platinum can give the jewellery an antique look, manycustomers love how this looks.
How much more expensive is platinum compared to whitegold?
Is Platinum Jewelry Worth Buying
Annabelle / May 13, 2020
Platinum is one of those precious jewelry metals that is both intriguing and confounding for customers. Its typically worth more than gold, it has a very high purity content, but what else is it about platinum that makes it worthwhile to buy? Heres our take on platinum jewelry.
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Im Having My Ring Engraved Should I Choose Gold Or Platinum
Gold, palladium, and platinum can all be engraved without any issue. Another common question we get is what metal choice to pick if getting a ring engraved. The answer is, it doesnt matter! We engrave all of our rings for free so make sure you think of something good, and if you need help, here is a list of the best ring engraving ideas.
Why Is It More Valuable Than Gold
There are multiple reasons why platinum is more valuable than gold. Although both gold and platinum are rare earth metals, platinum is rarer and thus has a higher value.
Another reason is because platinum is 60% heavier than 14 Karat gold. If you have a 10 kg ingot of gold, then that would be equivalent to 16 kg of platinum. Jewelries and metal ingots usually have their value determined by their metal content and weight, so in short you will be paying for more for the platinum.
Another reason would be that platinum is harder to process and would take up more time, resources and labor than that of gold.
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Platinum Vs Gold Compared: Which Is Better To Own
John Tsang grew up in a town whose economy depended on precious metals. His investments include precious metals.
Anyone who has ever been to a jewelry store will have come into contact with gold. It is arguably the most popular of all the precious metals, and for good reason. The history between humans and gold goes back thousands of years.
Another precious metal that people are not as familiar with, but which they may encounter when shopping for jewelry, is platinum. The history of platinum is not as long as that of gold, but it has become an alternative choice if one wants to own something made of precious metals. For instance, a ring may come in two versions: one made out of gold and the other out of platinum.
People may ask which of these two options, gold and platinum, is the right choice. To make an informed decision it may help to know some of the less obvious differences between gold and platinum.
Platinums Price Fluctuates More
Along those same lines, platinums price fluctuates more than gold. Because its demand goes up and down, so does its price. While platinum is often worth more than gold, it is also more likely to decrease in value at a moments notice.
More recently, however, gold has been priced higher than platinum. Most well-informed investors look at the price differences between the two metals in order to understand trends. This price difference is typically conveyed in terms of a ratio. So if the ratio is greater than 1, platinum is cheaper than gold. But if the ratio is less than 1, platinum is more expensive than gold.
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Platinum Vs Gold: Whats The Best Choice For You
Platinum and gold are both attractive options when shopping for precious metals. You should choose platinum if you have a higher budget and want a high-quality, low-maintenance metal. If you prefer the white color yet dont have platinum money yet, then choose white gold. Yellow gold works well if you want something with a vintage setting, and rose gold adds an even more romantic touch.
Regardless of the metal you choose, there are tons of pieces available to match your style. So choose something that makes sense when you consider your budget, other jewelry, and personal preference.
A Snapshot Of The Platinum Market
If you look at a pyramid chart that indicates the value and rarity of precious metals, platinum sits near the top with gold and rhodium. Rhodium is more expensive than gold and platinum, while platinum is more valuable than gold in some markets and nearly 50 times what silver is worth. Platinum is more difficult to mine than gold and more than twice as rare, as many experts believe that the global supply of platinum can fit inside an average living room.
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The Alchemists Didnt Like It
Platinum and alchemists did not come to court: when the royal order was finally canceled , they were able to get to know a new metal for themselves and discover that a refractory substance is not at all suitable for experiments with transformations of some substances to others.
As a result, a group of pseudo-scientists acted, of course, in a very grown-up way: due to its unsuitability, platinum was declared a metal descended from the devil himself.
More About: Platinum Metal Care
Platinum metal requires less maintenance thang and upkeep than gold. Platinum can be cleaned regularly at home and will be kept looking shiny brand new with an annual polishing. When scratched, the metal is not actually chipped away or lost, it is simply just moved around. Other metals, such as gold, actually lose a piece of the metal when they are scratched. This means that a quick buffing and polish can move the platinum back into place. A quick go with a jewelry polishing cloth will move the platinum metal back into place.
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A Snapshot Of The Gold Market
Among all precious metals, gold is the belle of the ball. People in different countries take huge sums out of their savings accounts and prospective salaries to buy gold wedding bands, gifts, and IRAs. In the financial market, gold is popular among investors looking to make a quick buck and small, conservative investors who want hassle-free retirements.
How Do I Invest In Platinum Or Gold
Perhaps the most straightforward way to invest in gold or platinum is to buy the physical metals. Bullion and bullion coins are bulk quantities of platinum, gold, or other precious metals. You can buy bullion from coin dealers, brokerage firms, precious metal dealers, and some banks.
Gold and platinum can also be found in collectible coins. These coins have value beyond the metal material and may have historic or aesthetic worth.
If you don’t want to own these metals physically, you can buy stocks, mutual funds, and ETFs that invest in gold or platinum bullion. These offer more liquidity and don’t require secure storage.
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Some Differences Between Platinum And Gold
Obviously, gold and platinum they differ in color, but they also differ in density and hence weight. If you’ve ever compared, for instance, a one-troy-ounce coin made of platinum and another made of gold, then you may have noticed that the platinum coin is somewhat smaller in size. They both weigh one troy ounce, but the gold coin is larger because platinum is denser.
Platinum is also much harder than gold. While 24-carat gold, or gold with a fineness of three nines, is quite soft and will bend, pure platinum is tough enough to withstand the wear and tear of daily use. To make gold hard enough to be worn, it needs to be reduced in purity by combining it with at least one other metal. That’s why you have 22-carat gold, 18-carat, and so on. White gold, for instance, is gold combined with other metals to alter both its look and toughness.
Platinum Vs Gold: Value
Platinum is almost always more valuable than gold. Its a rarer metal, and platinum rings have higher densities and purities than gold rings. You also need more platinum to make a ring, so they often cost 40-50% more than gold.
Platinum also has a sense of prestige. For instance, American Express Platinum credit cards have higher membership rewards than Gold ones.
Metaphors about credits aside, a white gold ring costs much less than platinum for a similar appearance. And while its value depends on the karat, you will almost always pay less for gold than platinum.
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How Much Is 3 Grams Of Platinum
What is the value of 3 grams of platinum in dollars, euros, and pounds? Note: Precious metals are typically weighed in troy ounces and pounds, which are slightly different than standard ounces and pounds.How Much is 3 Grams of Platinum Worth?3 Grams of Platinum is WorthU.S. dollars 117.97Euros 99.10British pounds 85.86
Gold Colors And Karats
Gold has been used in the creation of jewelry since ancient times. It was revered for its sun-like color and ability to polish to a lustrous shine. Of all the precious metals, gold is the one which offers up the widest variety. It can be found in different levels of purity, and mixed with other metals to create a plethora of colors.
To understand gold jewelry best, we should first look at its purity. Gold purity is measured in karats.
100% pure gold is 24 karats. So gold purity is measured by how many parts per 24 are pure gold.
14 karat is 14/24 karats = 58.5% gold 18 karat is 18/24 karats = 75% gold
Pure 24K gold is actually quite soft, and cant withstand the daily wear and tear we put on our jewelry. Instead, it is mixed with other metals to add strength and alter its color. This resulting mixture is known as an alloy.
Since alloys with a higher karat number have a higher gold content, the resulting metal color will be closer to its natural color: yellow.
Yellow gold is typically alloyed with copper, silver, and zinc.
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Platinum Is The Way To Go
And heres a big bonus: You dont ever have to worry about allergies with platinum!
Thats because platinum is pure. A lot of people are allergic to 14kt gold. But in reality, its usually not the gold they are allergic too, its the alloys gold is mixed with. Since platinum is not mixed with anything, you wont ever have to worry about being allergic to it.
To date, Ive never met anyone whos been allergic to platinum.
Why Is White Gold Mixed With Other Metals
The reason why white gold is combined with alloys is because gold, as a metal, is extremely soft. If pure gold was used on its own in jewellery, it would bend out of shape very quickly.
For this reason, both yellow gold and white gold have to be mixed with harder alloy metals, to make them more rigid and durable in jewellery.
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Gold Is Easier To Mine In More Places
Gold can be found on nearly every corner of the world countries all around the world mine gold. Gold is easy to mine because it is located near the earths surface. Platinum is found in fewer placesprimarily South Africa
Some researchers say that more platinum is present in the earth than gold, but that its just much deeper and harder to locate than gold. However, other research contradicts that assertion, instead citing that platinum is 30 times rarer than gold. Either way, platinum is much harder to mine than gold, leading to golds higher utility and practicality.
Which Is Better Platinum Or White Gold
At the end of the day, which is better comes down to personal preference, lifestyle and budget. Someone with an active lifestyle might prefer platinum for its durability. However, with a little extra mindfulness, white gold can easily stand up to regular wear. Perhaps price is at top of mind. In that case, white gold might be the way to go. Whatever you decide, dont be afraid to shop around and ask questions, buying a diamond ring is a big investment so take your time.
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Frequently Asked Questions About Investing In Platinum
Is platinum an asset?
Yes, platinum is an excellent asset and is widely held by investors and precious metal speculators. Platinum has also proven a successful investment vehicle for collectors who happen to collect precious metal coins.
Is it worth buying platinum?
Definitely. It can be for those who buy platinum at a lower price than when they sell it. Platinum is also worth buying for those who plan to hold onto it long-term, serving as a hedge against inflation and possible safe-haven investment during tumultuous economic times.
Are platinum coins a good investment?
Yes, they can be. Platinum coins have generally been solid performers over the years. While platinum coin values have seen ups and downs, precious metals coins, in general, have offered favorable results to many who were patient and held on to these pieces for the long haul.
Is platinum a good investment in 2021?
What will platinum be worth in 2030?
Nobody has a crystal ball to accurately predict what platinum will be worth in 2030 or at any other specific point in the future. However, past pricing data can inform our investing decisions for the future. Long-term data suggests platinum and other precious metals have seen a generally upward pricing trajectory over many years. Barring any unforeseen changes in demand for platinum or abnormal market conditions that would terminally weaken precious metals values, platinum is likely to continue showing robust performance in the years ahead.