Platinum who? Palladium what? This is often the response when you speak to someone about these core Precious Metals. Platinum and Palladium are both commonly used in jewelry and catalytic converters, but even so, these metals are too often forgotten. Many times they’re not even considered as an option when investing in Precious Metals.
Gold and Silver are the most popular metals in the world and are often the first metals that come to mind when adding Precious Metals to a portfolio. Gold and Silver have a much greater supply than Platinum and Palladium, thus making the entry cost more accessible to the majority of investors. However, the rarity of both Platinum and Palladium is one of the things that make these forgotten metals desirable for some collectors as opposed to Silver bullion or Gold bars and coins.
Let’s take a closer look.
The world supply of Platinum is about one-tenth that of Gold and less than one-hundredth that of Silver. It’s estimated there are over five billion ounces of above ground Gold, compared to about 200 million ounces of Platinum. Unlike Gold, there are no large stockpiles. So while the metals in nature are equally rare, annual Platinum mined equates to only a small fraction of that for Gold. Interestingly, Platinum is actually more favored by jewelers over Gold.
Palladium is 15 times rarer than Platinum. This rarity makes the metal very desirable to investors, as demand is what drives the price.
Some believe that over time Platinum and Palladium should trade at significant premiums compared to Gold and Silver. Platinum and Palladium have a unique industrial application that make them irreplaceable.
Not every local coin shop or Precious Metal dealer sells Platinum and Palladium, but you can find both in many different forms at APMEX, from to There are also many products offered by the United States Mint.
Are Platinum and Palladium the right metals for you to invest in? Do your research and make your own decision. Just don’t forget about Platinum and Palladium as an option and know that if you ever have questions about these or other metals you can always call APMEX at 800.375.9006 with no pressure to buy.