What is the highest price ever for platinum?
What is the highest price platinum has ever been? The all-time high platinum price was about $2,270 per troy ounce. It was reached in March of 2008.
What will the price of platinum be in 10 years?
Platinum Price in USD per Troy Ounce for Last 10 Years
| Current Price | $970.00 |
|---|---|
| 10 Year High | $1,736.00 |
| 10 Year Low | $593.00 |
| 10 Year Change | $-461.00 (-32.22%) |
What year was platinum the highest?
RIAA Goes Platinum The peak year for vinyl sales was 1978. Nearly 30 years later, in 2006, the format experienced a resurgence and has continued its steady growth for 11 consecutive years.
Why did platinum peak in 2008?
Platinum price peaked at US$2,252 per troy ounce in March 2008 driven on production concerns (brought about partly due to power delivery problems to South African mines). As the cost of platinum per ounce fell, the cost per ounce for other metals in the platinum group – especially Palladium – rose strongly.
What was the price of platinum in 1980?
Back in the 1980s the price for platinum was approximately 15 USD per gram, and this price has continued to increase over the years.
Is platinum a good investment?
Platinum offers a unique investment opportunity, with strong merits to consider: Platinum’s precious underpin offers a low-risk entry for investors looking to buy into this investment asset. Platinum has a low correlation to the performance of traditional assets and performs well during periods of economic recovery.
Why did platinum crash in 2008?
Platinum price peaked at US$2,252 per troy ounce in March 2008 driven on production concerns (brought about partly due to power delivery problems to South African mines). It subsequently fell to US$774 per troy ounce ($25/g) in November 2008.
How much platinum is in the world?
Platinum is a so called transition metal and one of the rarest elements on Earth. Total worldwide reserves of platinum metals are estimated to be some 69,000 metric tons. Almost all of it, some 95 percent, is located in the Earth’s crust of South Africa. Far behind it, other major countries are Russia, the United States, and Canada.
What is the price of platinum?
The per ounce cost will generally go down as the amount of ounces purchased goes up. For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030.
How much does an ounce of platinum cost?
For instance, platinum ‘s average value in 2019 was 868 U.S. dollars per troy ounce , while the average price of gold in that year was some 1,393 U.S. dollars per troy ounce .
What is the value of 1 oz of platinum?
The answer is: The change of 1 oz t ( ounce (troy) ) unit of a platinum amount equals = to 31.10 g ( gram ) as the equivalent measure for the same platinum type.