"Rare and scary" that platinum prices trail gold.
Gold has been on the rise since the meltdown following Lehman's collapse, with the gold price in dollars up 130 percent. But until last summer, platinum had done better still. The two metals’ scarcity in the earth’s crust is about the same, but platinum deposits tend to be more diffuse, making extraction more costly. On the demand side, it is clearly more useful than gold too, with one third of annual output going to industry and another third going to make auto-catalysts according to platinum experts Johnson Matthey.
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