Is platinum more valuable then gold?

Answer

Platinum is one of the rarest and purest precious metals in the world. Today, platinum is much more valuable than gold. Although it is used in many industrial applications, including the automotive industry, platinum jewelry consistently commands higher prices than even pure gold because of its rarity.

Also, no reserves of platinum are maintained, as in the case of the federal gold reserve in Fort Knox, TN. The annual worldwide production of platinum amounts to some 160 tons, compared to about 1,500 tons of gold. In fact, in order to produce just one ounce of platinum, about ten tons of ore must be mined.

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