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From the late 1990s through early 2008, platinum traded at a much higher price per ounce than gold. There were many periods where platinum was double the price of gold, even, but the ratio has completely turned around in recent years. Below is a chart showing the ratio of platinum to gold since 1986. When the line is rising, platinum is outperforming gold and vice versa. Since 2008, the ratio has been trending lower, and it has fallen off a cliff since early 2014. At current levels, platinum trades at just 75% of the price of gold. How low will it go?