Could platinum be the precious metal to back in 2012? Prices have plunged recently and it is now cheaper than gold. Indeed, the platinum spot price has slumped by 26pc since its high in August and it briefly fell below $1,500 a troy ounce last week. “For the very first time, a troy ounce of gold now costs over $200 more than a troy ounce of platinum,” Commerzbank analysts led by Carsten Fritsch, said.
“The price difference between gold and platinum.....