{"id":20815,"date":"2011-08-08T12:22:02","date_gmt":"2011-08-08T20:22:02","guid":{"rendered":"http:\/\/198.46.88.49\/?p=20815"},"modified":"2011-08-08T12:22:06","modified_gmt":"2011-08-08T20:22:06","slug":"economic-unease-pushes-gold-and-platinum-to-equal-value","status":"publish","type":"post","link":"http:\/\/198.46.88.49\/style\/jewelry\/economic-unease-pushes-gold-and-platinum-to-equal-value","title":{"rendered":"Economic Unease Pushes Gold and Platinum To Equal Value"},"content":{"rendered":"
<\/a><\/p>\n Remember when Eartha Kitt asked Santa Baby for the deed to a platinum mine? This Christmas, you may want to revert your wishlist back to the gold standard if current trading conditions continue through to December.<\/p>\n Today, the price of gold reached parity with platinum, pushing the value of the fine jewelry metal to a level not seen since 2008. It hit a record high of $1715.29 per troy ounce following the downgrade of the US government’s credit rating by Standard & Poor’s as investors looked for a safe haven alternative to more volatile stocks. Platinum, which hit a low of $1703 per ounce, doesn’t get the same boost as gold because it’s largely seen as an industry product while gold is also seen as something of a monetary instrument.\u00c2\u00a0{Wall Street Journal<\/a>}<\/p>\n