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Why is the price of platinum falling so sharply?
Why is the price of platinum falling so sharply?

Platinum has industrial properties: in fact, the industrial properties of platinum are the same as those of silver. In the period of economic depression or financial crisis, platinum prices will plummet, and in 2020, platinum prices will plummet to varying degrees.

Platinum can also be used as an ornament: in fact, platinum is used as an ornament, but it is not as popular as gold and silver, which is one of the reasons for the continuous decline of platinum, oversupply and market supply and demand problems.

Precautions for platinum:

Don't wear platinum jewelry and gold jewelry at the same time, because gold is soft. If they rub against each other, it will not only damage gold jewelry, but also make gold dye on platinum, turning yellow and difficult to remove. Don't put all kinds of jewelry in the same drawer or jewelry box at will, because the hardness difference between all kinds of gems and metals will be consumed by mutual friction.

Platinum jewelry should be sent to the gem shop for inspection every year to see if diamonds and inlays are loose and worn, so as to be repaired in time. Jewelry often worn should be checked once a month to see if there are signs of wear or loose inlay, and then repaired through mediation.

Platinum is a naturally occurring white precious metal, with extremely stable chemical properties, insoluble in strong acid and alkali solutions, non-oxidizing in air and good ductility. Because of these characteristics, platinum and diamonds are a perfect match. Because platinum is tough and malleable, even a small platinum claw can make every diamond extremely safe and strong. After all, the safety of diamonds is an important factor for consumers to consider.

Undeniably, platinum is widely used, which can be used alone or in combination with other platinum group metals. It is widely used in industry. Since 2008, with the sharp drop in commodity prices, platinum prices have also fallen sharply. The important thing is that the demand for platinum in the industry has dropped, so we can see that the price of platinum is also falling.

Gold is a rarer, more precious and more valuable metal. Due to the financial attribute of gold, we should examine the aristocratic status of gold. We are certainly familiar with the phrase "money is not gold, gold is money". This sentence reveals the essence of gold and money.

In addition, gold culture is quite traditional in all civilizations. Just like from the emperor to the Pharaoh, powerful people want to bring everything that matches their living conditions to the grave, but it is one of the most important weapons. Last year, in the sensational "Five-color Show-Exhibition of Archaeological Achievements of the Han Dynasty", they showed the luxury of the sea, which once again confirmed that the Western Han Dynasty was the real cultural tradition of the "multi-gold dynasty" in the history of China.

According to archaeological findings, 378 pieces of gold wares, 285 pieces of gold cakes, 26 pieces of Linzhi gold wares and 20 pieces of gold plates were unearthed from Han tombs in Nanchang, which is the largest number and most complete variety of gold wares found in China.

In the ancient Roman city-state era, gold coins were not only the most valuable currency, but also the treasury and temples were integrated. This monetary system was maintained until the Roman Empire. Therefore, people are more willing to buy gold because of its financial attributes and gold culture, and gold is more valuable.