In everyone's perception, platinum is a precious metal that is one step higher than gold. Before 2010, platinum has indeed been the king of the precious metals industry. However, in the past decade, the fate of rare metals has undergone tremendous changes. The price of platinum has fallen all the way, and recently it has fallen to a 10-year low. International spot platinum has fallen below $800/oz, and the price is only two-thirds of gold. Interestingly, the Yangcheng Evening News reporter visited a number of precious metal jewelry stores today, and found that some storefront platinum jewelry is still sold at a higher price than gold jewelry, while some storefront platinum jewelry is sold at a lower price than gold jewelry. In addition, platinum, which is in a pricey position, has also attracted the attention of some investors. Some institutions have taken the opportunity to launch platinum bars, opening up another market for domestic platinum investment.
The spot price of platinum is only 70% of the price of gold.
As a hard currency, gold is often favored by investors as the preferred hedge asset against risk. The golden bull market in 2008-2012 corresponds to the extreme easing of global liquidity and the outbreak of the European debt crisis, which is a good example of its anti-inflation and hedging attributes.
But this year the situation has quietly changed. Since the beginning of this year, despite the turmoil in emerging market economies and the dramatic changes in the trade situation, the precious metals traditionally used as safe-haven assets have not attracted the expected inflow of funds and the loss of safe-haven functions. Recently, the international gold price even fell to the lowest level since January 2017, and once fell below the important psychological barrier of 1,200 US dollars / ounce.
But gold is not the worst. Platinum prices have fallen to a 10-year low as the Turkish lira collapsed and affected various financial markets and dragged down the currency of the platinum-producing country South Africa. International spot platinum has fallen below $800/oz, and gold and platinum prices have been upside down by more than $400, which is the biggest upside down price difference between gold and platinum spot in the international market.
In the domestic market, the price of raw materials for gold and platinum is also upside down. Today, the Shanghai Gold Exchange Platinum PT99.95 quoted at 186.95 yuan / gram, gold AU99.95 quoted at 264.55 yuan / gram, platinum spot price is only 70% of the gold price.
But before 2010, platinum has been the king of the precious metals industry. The price of platinum was as high as $2,290 per ounce in March 2008, when the price of gold was only $1,032 per ounce, and the price per ounce of platinum was nearly $1,200 more than gold. Until September 2011, with the Fed's multiple rounds of QE (quantitative easing policy), the safe-haven property of gold pushed its price to climb to the peak of 1920 US dollars per ounce, and the price of gold and platinum fell for the first time.
Why are the prices of many platinum jewellery still more expensive than gold jewellery?
Although the price of spot platinum is only 70% of the price of gold, the reporter of Yangcheng Evening News visited a number of precious metal jewellery stores in Guangzhou and found that the price of some platinum jewellery in storefronts is still higher than that of gold jewellery, and the price of some platinum jewellery in storefronts. It is lower than gold jewelry.
For example, the quotation of Guangdi Jewelry on the 23rd, 340 yuan / gram of gold jewelry, 329 yuan / gram of platinum jewelry, according to different crafts, some jewelry gold free of charge, most of the labor is 10 yuan / gram, The quality of the work is 20 yuan / gram. In Dongshan Department Store, 999.9 gold 329 yuan / gram, external processing fee 12 yuan / gram; 999.99 foot gold 344 yuan / gram, external processing fee 28 yuan / gram; foot platinum jewelry 368 yuan / gram, but free of work.
The person in charge of Panyuyi Jewelry Processing Company told the Yangcheng Evening News reporter: “The price of platinum jewelry has always been more expensive than gold jewelry, because the processing of platinum jewelry is more complicated than gold jewelry.†Is this the case? Zhu Zhigang, chief analyst of Guangdong Gold Company, told the Yangcheng Evening News reporter: "Platinum is indeed harder than gold and has a high melting point. It will produce glare white light in the process of processing. Workers must wear professional eye protection tools. Processing is indeed harder than gold. Therefore, in our gold repo, the repurchase price of gold is 5 yuan / gram lower than the real-time price of the exchange, and the repurchase price of platinum is 10 yuan / gram lower."
Why are so many people who like to buy gold?
The price of precious metals has been falling, but it does not seem to affect investors' buying and buying enthusiasm. Last week, Guangdi Jewelry moved to a big promotion. The gold investment gold bar was 288 yuan/g free of labor. In two days, it sold out the usual two-month inventory, which is actually about 10 yuan/gram cheaper than usual. According to reports, it is best to sell 50 grams and 100 grams of investment gold bars, the purchase of people are mostly women in their 40s and 50s.
Why is the law of “buy up and not buy down†that is common in other industries and does not appear in the precious metal investment market? The person in charge of Guangdi Jewelry told the Yangcheng Evening News reporter: "In fact, many investors who buy gold bars are long-term holders. When the price of gold was 340 yuan per gram and 350 yuan per year, they also bought a lot. Now they are squatting. The gold price is low and then buy some liquidation. Moreover, there are no other particularly good channels for the investment of tens of thousands of yuan. It is better to buy a gold pressure box bottom."
But this time, in addition to gold, there is platinum. For example, Dongshan Department Store has launched a platinum bar today, which, like the investment gold bars, can be collected or bought back.
Investing in gold bars and platinum bars, which one is better to buy now? Zhu Zhigang, chief analyst of Guangdong Gold Company, told the Yangcheng Evening News reporter: “Platinum is a precious metal that is 30 times rarer than gold. The price is about double that of gold. But the price of platinum is lower than that of gold. China is the largest in the world. Platinum consumers, this phenomenon that violates the laws of the market economy is a small investment space. We expect the price of platinum to rise this year, based on the fact that platinum and gold are usually positively correlated, and we expect this year In the first half of the year, gold will be stronger. In addition, the mining and smelting of platinum requires expensive costs, and its intrinsic value is seriously underestimated by the market.†But Zhu Zhigang also admitted: “Gold is recognized as a hard currency, and platinum does not have the same The currency attribute, only the investment attribute. And the platinum bar has just been launched, the market needs an acceptance process, and the recycling channel is not as much as the gold bars. These are the investors need to consider."
Products name:Cheap and beautiful wholesale indoor slipper
Out sole:EVA & TPR.
Size: 29cm as normal,size customized.
Upper materrial: fleece.
Logo:offset printig logo, embroidery, hot-trans-printing.
Use:house.Packaging & Delivery:
Packaging Detail: 50-200 pairs per carton as request.
Delivery Detail: 30days.
More:
1. New designed promotional gift slipper2. Customized color and size
3. High quality, fair price
4. OEM/ODM
Indoor Slippers,Indoor Slipper Boots,Washable Indoor Slipper,Indoor Slipper For Winter
Yangzhou Lansun Slipper Co.,Ltd , https://www.lansunhospitality.com