Platinum underperforms gold due to lack of respectable safe-haven status

Platinum's poor performance relative to gold of late may be due to its lack of status as a safe-haven investment and a credible means of sequestering value.

According to a considered and informative piece by Adrian Ash on Mineweb, platinum enjoys little in the way of store-of-value demand compared to gold due to its relatively brief history as much-coveted precious metal.

This lack of popularity as a safe-haven investment has left platinum lagging behind gold amidst the world's recent economic woes, when it has historically traded at a steep premium of around 46% to its more meretricious peer.

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