Platinum & Palladium vs Gold & Silver - Mike Maloney with Jeff Clark
- Published on Sep 10, 2019
- Download Mike's best-selling book for free here: pages.goldsilver.com/freebook Platinum and palladium are both precious metals, just like gold and silver, because their occurrence in the earth’s crust is rare.
In fact, platinum is actually more rare than gold.
So why doesn’t GoldSilver sell them?
It has to do with their uses, and their status as a safe haven. Here’s what you need to know before investing in these metals…
Are Platinum and Palladium “Investment” Metals?
Platinum (Pt) and palladium (Pd) are part of the Platinum Group Metals (PGMs). They’re both silvery in color; in fact, platinum’s name is derived from the Spanish term platina, which means “little silver.”
Given their unique chemical makeup, these metals are used almost exclusively in industrial applications, particularly in catalytic converters to reduce pollution from vehicles. Platinum is more often used in diesel engines, while palladium is used more in gasoline engines.
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