Asks the Telegraph.
The reason why not is actually all of the reasons advanced as to why it is.
Industrial demand, catalytic converters, mismatch, depressed car industry, PEM fuels cells etc etc etc.
That means that he\’s arguing that the platinum price is driven by commercial demand, for the desire to make things of it. Might make it a good investment, might not, but that\’s an entirely different situation from gold. The gold price is almost entirely driven by speculative or investment demand: industrial or commercial usage is a reasonable fraction of annual production, certainly, but is statistically close to zero as a portion of the outstanding stock.
The platinum price changes because people want or do not want to use it. Gold because people do or do not want to own it.
So, platinum is not the new gold, no.