Gold, silver, platinum and palladium are all precious metals. Even though platinum is not as well-known as gold and silver, it is still regarded as one of the most precious metals. Because of platinum’s rarity, it is even more precious than gold or silver.

The return to the area of a thousand dollars an ounce of platinum now finally gives me an opportunity to discuss what has been wrongly named “small silver.” It is more, part of its rarity and its qualities, the big brother of gold that the little brother of the silver.

The price of platinum is unpredictable as oppose to the price of other precious metals. During the times of economic downturns, the price of gold usually increases. This causes the price of platinum to decrease to an amount that is below the price of gold. When the economy is stable, the price of platinum is most likely higher than gold, about twice the price of gold.