The “spread” between platinum and gold make the former more attractive.
Here are the prices of both commodities in USD/Oz:
Decade ago today Platinum: 1104 895 Gold 605 1133 ---- ---- Spread (diff) +499 -237
According to denvergold the average spread over the last decade has been $+180/oz. Over 20 years it has been $+226/oz.
In fact, if you look at the 20 year chart, it seems that platinum was never more unloved relative to gold.
So, as a contrarian investor, one should be more bullish on platinum than gold.
I thought it worth presenting the platinum-gold spread on denvergold: