Gold and Silver Blog reported on platinum market dynamics as the platinum gold ratio reached levels not seen in more than two decades.
As quoted in the market news:
Platinum has extremely volatile price fluctuations due to the fact that 90% of platinum demand is fueled by industrial use and jewelry sales. A weak economy can send the price of platinum plunging as was the case in 2008 when the metal lost almost two thirds of its value. Purchases of jewelry and cars (which require platinum for catalytic converters) are two of the most readily postponed purchases by consumers during a steep recession.