As such, platinum jewelry costs more than gold, not only because it is 60% heavier (a 10 gram ring vs. a 16 gram ring noted in #1 above), but those grams of precious metal are more pure, and therefore, more valuable and costly in platinum compared to gold. He is currently a board member for the team that won the NBA championship in 2015, 2017 and 2018.The Warriors are ranked the third most valuable NBA franchise by Forbes. Over the long-term, gold and platinum tend to move in the same direction. As of December 5th, 2008, platinum was worth $805.00 per troy ounce, putting it (for the time being) ahead of gold in terms of value. Here is more on Palihapitiya and some lesser known facts readers may not know.About Palihapitiya: Born in Sri Lanka, Palihapitiya emigrated to Canada at the age of six.After stints at AOL, Facebook Inc (NASDAQ: FB) and Slack Technologies (NYSE: WORK), Palihapitiya launched The Social + Capital Partnership, a fund to invest in ventures no major companies would fund.Palihapitiya launched Social Capital Hedosophia with Ian Osborne to use the alternative path to traditional IPOs to bring innovative tech companies to the public market. Nancy Zevenbergen, head of Seattle-based Zevenbergen Capital Investments, has a knack for finding companies that can deliver hefty returns over the long haul. As of this writing, platinum is trading at $986.31 per ounce vs gold’s spot price of $1,568.40. Registered Office: Floor 16, Centre City Tower, 7 Hill Street, Birmingham, B5 4UA, Registered in England No. U.S. stimulus to trigger rally: Gold price to surge to $2,200 by year-end. Amazon and Walmart have found that for some goods, it is often cheaper to refund the purchase price and let customers keep the products. Investors large and small buy gold to diversify their portfolio, especially during uncertain economic conditions where the S&P 500 may be crashing. Meaning that if a gold ring would have weighed around 5gr of gold, then it would have weighed approximately 8 gr in platinum. Gold Extends Biggest Loss in Two Months on Rising Dollar, Yields, EV Startup Faraday Said in SPAC Merger Talks to Go Public, Dollar Rises; Asia Stocks Steady, U.S. Futures Dip: Markets Wrap, Oil Slips Near $52 on Stronger Dollar as Rally Takes Breather, Bans on Parler and Trump Show Big Tech’s Power Over Web Conversation, 5 Things You Might Not Know About Chamath Palihapitiya, ‘Big Short’ investor says his big Tesla short is getting ‘bigger and bigger’, The Big Electric Vehicle Story Everyone's Missing, How Joe Biden's student loan forgiveness could blow up your tax bill, Rising Treasury Yields Flash a Warning Sign, Dow Jones Futures: Extended Stock Market Rally, Tesla Climax Run Are Volatile Mix; Nio Stock A Buy With New ET7 Sedan. Being about 20% denser than white gold, platinum is about two-and-a-half to five times more expensive than white gold. Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Wars and geopolitical tensions also prompt investors to seek refuge in the yellow metal. Innovative Industrial Properties is one of these. Platinum and palladium gold price erases last week s drop is platinum white gold or it gold and silver year 2017 in review platinum prices interactive is platinum white gold or it. Social Capital Hedosophia Holdings Corp V (NYSE: IPOE) announced a merger with SoFi last week.Palihapitiya has also invested in SPAC deals involving MP Materials (NYSE: MP), Desktop Metal (NYSE: DM) and INSU Acquisition Corp II (NASDAQ: INAQ) target Metromile.Related Link: Chamath Palihapitiya's IPOD, IPOE, IPOF SPACs: What Investors Should KnowSocial Media Pioneer: Prior to launching Social Capital, Palihapitiya was the most tenured original senior management team member of Facebook. Yes, that's historically been the case. On the other hand, a ratio below one means gold is priced higher than platinum. Gold has risen nicely since the meltdown following Lehman's collapse, with the gold price in dollars rising 130%. At a Benzinga Boot Camp event, Palihapitiya said Facebook should have gone public earlier, as it could have helped an earlier transition to mobile.Before joining Facebook, Palihapitiya worked at AOL and was responsible for ICQ and AOL Instant Messenger. I have nearly $600,000 in student debt after getting four college degrees. The investor is known to tip 100% at restaurants as a way of paying it forward and seeing the joy in others from this simple gesture.NBA Owner: In 2011, Palihapitiya became a minority investor in the NBA's Golden State Warriors. The gold-platinum ratio not only helps us understand the relationship between the two, but also offers clues as to the market sentiment. This means it will get scratched a little easier than 14k gold would. Nio is a buy as the China EV maker unveils a luxury car. You can invest in gold by purchasing jewelry, coins, bars, bullion, derivatives, futures contracts, and gold ETFs. Gold prices go up when there is an economic crisis or slowdown as investors run to the safety of precious metals. Because it's less malleable, platinum is a more difficult material to work, so the cost of labor that goes into molding that piece increases. Indeed, the minutes of December’s Federal Open Market Committee meeting, released last week, reiterated that the central bank has no intention of tapering its stimulus any time soon, and when it does, the process will be extremely gradual.Some of the other potential contributors to higher yields, such as increased government default risk or more favorable growth prospects, are also unlikely to be in play. Also, platinum is more dense than gold, so the same ring will weigh significantly more in platinum than in gold (and precious metals are priced by weight). Platinum has a much wider application in the industry vs gold. Only 160 tons of platinum are mined annually, as opposed to 1,500 tons of gold. * Other featured articles examine why it is more important than ever to create a diversified portfolio, what investors will be looking for in upcoming earnings reports and how some century-old stocks have fared. Platinum is normally worth more than gold, but economic uncertainty can reverse that. All rights reserved. If the stars don't align, the resulting "tax bomb" could cost you thousands. The stock market rally is looking extended with Tesla in a climax run. The threshold quantity varies by type (such as album, single, music video) and by nation or territory (see List of music recording certifications). Control of Congress is a necessary precondition. "My ambition is to be our generation's Berkshire Hathaway. The recent moves in the U.S. yield curve do not reflect any change, actual or forward looking, in the Fed’s extremely accommodative monetary policy stance. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Already, the monthly U.S. jobs report on Friday reported a loss of 140,000 jobs in December.The Democratic sweep of the two Georgia Senate runoff elections last week has increased the prospect of higher government budget deficits and much more debt financing. Benzinga does not provide investment advice. Historically, the ratio has been below 1, meaning the price of platinum has been higher than gold. The investor no longer holds any Bitcoin but is investing in companies that own Bitcoin as its easier to manage shares instead of coins or wallets, according to Palihapitiya.Bitcoin could go to 200,000 in the next five or 10 years, Palihapitiya said in a recent CNBC interview.Amazon Inc (NASDAQ: AMZN) could be worth $3 trillion by 2025, Palihapitiya said in 2016. The value of platinum depends on supply and demand while that of gold relies heavily on investor sentiments. Platinum is extremely long-wearing and durable. Third-quarter 2020 revenues recovered from a modest dip in the first half of the year, and at $54.8 million hit a two-year high.Among the fans is BTIG analyst Mark Palmer, who wrote, “While we expect PAR’s restaurant and retail revenues will grow by about 20% in each of the next three years, we anticipate that its Brink software business will post annual growth in the 40% context during that span… As PAR executes on its transition to a cloud software/SaaS mode, its valuation should grow to better reflect the recurring nature of its subscription-based revenues and the margins associated with its software offerings.”In line with his comments, the 5-star analyst rates PAR a Buy along with an $80 price target. Amazon, Walmart Tell Consumers to Skip Returns of Unwanted Items, Exxon’s Mega Oil Finds In Guyana Are Just The Beginning, Dave Ramsey says these are 10 reasons you're not getting ahead, Arizona: Say Bye To Expenisve Solar Panels, 3 Monster Growth Stocks That Could Reach New Highs, Bitcoin Miner Bit Digital Passes $1B Market Cap. Platinum is used in jewelry because of its durability and ability to last a lifetime. Gold Vs Platinum Price Chart Saturday, 9 January 2021. A 20-year chart of the most-active palladium, platinum and gold … It is the versatility of platinum that makes it one of … Platinum – $894 per ounce. This is because on a molecular level there are more and smaller molecules packed into that little bit of space in platinum. The old but simple explanation being that if you are in the middle of the desert and you can choose to have 100 litres of water to tide you over or 100 bars of gold - which do you want. Summary. Platinum Prices vs Gold Prices. Gold Alert: Massive 2020 Opportunity In Gold Stock. Where do electric cars fit into the picture? Both gold and platinum are shown in … When Volkswagen’s emissions scandal came to light in 2015, demand for diesel engines started declining. While the Fed is hoping for higher inflation, it wouldn’t  want this to materialize through “stagflation” — that is, even more disappointing growth and higher inflation. Barring a single Hold, all 4 other analysts to have published a review over the last 3 months recommend PAR stock as a Buy. The latter is consistent with the considerable market chatter about how government bonds, being so highly repressed by the Fed and facing an asymmetrical outlook for yield moves, are no longer ideal for mitigating risk.An intensification of the recent moves in yield curves in the weeks ahead would be concerning for both policy makers and risk takers in markets. Some parts of this page is not supported on your current browser version. Each week Trifecta Stocks identifies names that look bearish and may present interesting investing opportunities on the short side. And platinum prices fall because of declining demand. The gold - platinum ratio is the best way to observe the relationship between the two metals’ prices. If you have identical rings in both platinum and gold, the platinum ring will weigh approximately 50 percent more than the gold ring, Burnette said. -As you can see by the chart above, platinum was worth more than gold for the vast majority of the 20th Century.It was not until the global financial crisis of 2008 that gold prices began to overtake platinum prices in terms of overall, now fully fiat US dollar valuations (Post-1971).- Value of Platinum. After all, central banks show no inclination of moderating their huge stimulus. Why Platinum is Worth More Than Gold . But the yellow metal logged an 18.9% return in 2019. Q: Is Italian gold worth more? The supply of platinum is much lower vs that of gold. In 2011, platinum cheaper than gold coincided with turmoil in the stock market and economy. All orders include free insured delivery. That was a 197% year-over-year gain. Platinum scratches more easily than 18 Karat or 14 Karat gold. For example, the prongs holding the center stone of a platinum engagement ring are less likely to break then those of a gold engagement ring. You take a distribution from your traditional IRA or 401(k) and contribute that money into a Roth IRA. Gold and Platinum), the more the plan will pay towards your bill and, therefore, the lower your out-of-pocket costs for deductibles, copayments and coinsurance. A 10g gold coin will still be a 10g gold coin even after years or decades. Exxon’s mega oil finds in Guyana may just be the start of a long string of hydrocarbon discoveries in the Guyana, Suriname basin. Another aspect to consider is that only two countries – South Africa and Russia – produce platinum. Platinum has its reputation for a number of reasons- there is less platinum in the Earth’s crust and it is also more difficult to extract with only a few hundred tonnes of platinum being mined every year. He is president of Queens’ College, Cambridge; chief economic adviser at Allianz SE, the parent company of Pimco where he served as CEO and co-CIO; and chair of Gramercy Fund Management. The chief economic effect of the lockdown policies, in Golub’s view, is “a likely avalanche of pent-up consumer demand [which] cannot be ignored.”Describing that demand, Golub says, “We are going to have the largest stimulative event in the history of the planet in the second half of this year…” The strategist sees now – before the second-half takeoff – as the to buy in. 06758398 VAT No. Golub said, “This should result in additional stimulus, including the expansion of payments to individuals.”The second point Golub notes as a major supportive event for the markets is the COVID vaccination program. 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