Why Platinum Went from King to Forgotten
When it comes to precious metal investments, most people first think of gold and silver. However, the most expensive precious metal—platinum—has now nearly disappeared from investors' view. This forgetfulness is not without reason.
In 2014, platinum prices were still above $1,500 per ounce, far surpassing the gold price at the time. But over the past decade, its price trend has been like a roller coaster. In contrast, gold prices have steadily risen, reaching a historic high of over $3,500 in April 2025. Meanwhile, platinum's performance has been disappointing: it fell below $600 in early 2020 and then fluctuated around $1,000 for a long time.
It wasn't until early 2025 that platinum saw a rebound opportunity. By July, platinum prices had risen to about $1,450 per ounce, an increase of over 50% from the $900 at the beginning of the year.
Platinum vs. Gold: Who is