What’s worth more than gold?

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Gold is definitely one of the most precious metals on earth and investors regard it as a safe haven asset. Back in history gold’s scarcity, unique density, and easy by which it could be melted, formed into bars, and measured made it a natural trading medium, but what’s worth more than Gold?

Few metals have the same worth and qualities as gold does. Gold does not tarnish or corrode and it’s chemically very stable. It will always be able to be used as currency because its value does not depreciate on the long term.

However, you might be surprised to learn that there are other precious metals that are worth more than gold, or at least they are more expensive than gold. Be it because of their unique qualities or scarcity.

In this article we will go over which metals are worth more than gold

1) Platinum

Platinum is generally valued higher than gold. This is because platinum is rarer than gold, has a higher density and is purer. Platinum jewelry requires more platinum than gold jewelry, which can increase the overall cost.

Where is platinum mined?

Around 1,500 tons of gold are mined every year, while only 150 tons of platinum are mined annually. This itself makes platinum much rarer than gold is another reason why it’s valued higher than the yellow metal.

Gold is found in multiple regions worldwide, whereas platinum is mostly found in South Africa, with 75% of the world’s platinum supply being mined in the region, along with Zimbabwe and Russia.

Platinum as an investment

Platinum’s primary use has been in catalytic converters for diesel vehicles as 45% of the platinum sold in 2014 for example, went into the automotive industry.

As consumers and manufacturers moved away from diesel in the wake of Dieselgate, platinum lost out to palladium, which performs better in petrol vehicles.

Platinum traditionally traded at a higher price than gold and combined with platinum’s rarity compared with gold, platinum as an adjective has come to be associated with a higher level of prestige than gold. Despite platinum’s troubles and gold now trading above it, that reputation has stayed.

Why should I buy platinum?

When making an investment decision a number of factors must be taken into account before making a final decision, but when it comes to jewelry and buying precious metals for the mere act of the beauty, it’s down to personal preference.

These are, however, some key reasons why you might want to buy platinum over white gold:

  • The prestige that comes with platinum.
  • Platinum’s rarity.
  • Platinum’s purity.
  • Platinum is Inexpensive to maintain.
  • Platinum is Hypoallergenic.

Again, it comes down to personal preference but many investors as well as jewelry collectors have regarded platinum as one of the best precious metals to buy not only because of its purity and prestige but also because of its rarity.

2) Palladium

As mentioned above, after the Dieselgate scandal, sales of diesel vehicles slumped and gasoline alternatives came back into fashion, platinum prices did take a tumble, while petrol-friendly palladium rose.

Where is palladium mined?

Palladium is generally found only in pure form and among the major producers of this precious metal are Russia, The United States, Zimbabwe, South Africa, and Canada.

Over 200 tons of palladium were mined in 2021 with South Africa and Russia being the worlds largest producers of palladium. South Africa produces 39% of the world’s palladium supply and Russia produces 36% of the world’s palladium supply.

Palladium as an investment

Palladium is the most expensive of the four major precious metals – gold, silver and platinum being the others. It is rarer than platinum and is used in larger quantities for catalytic converters.

In the near-term, the demand for metals used in catalytic converters is expected to be steady, supported by growing automotive sales in Asia. However, the increased uptake of electric vehicles which don’t use catalytic converters could see palladium demand take a hit.

Why should I buy palladium?

Palladium as an investment has outperformed gold in the last 5 years, with a 68% return compared to gold’s 42% return in the last 5 years makes palladium the winner in the price appreciation category, mainly due to growing demand supported by automotive sales growth.

Here are some reasons why you should consider investing in palladium

  • Rarest precious metal commodity.
  • Palladium is in high demand.
  • Palladium provides portfolio diversification.
  • Better performance than gold in the last 5 years.

3) Rhodium

Relatively unknown to the average investor, Rhodium was one of the best trades for investors in the 2020 pandemic crash. During the 2020 covid pandemic the price of rhodium surged for more than 30%.

Rhodium has also preciously peaked and quickly crashed for example, in 2008 the price of one ounce troy peaked at $10,000 and then crashed but right now because of a swell demand from the automotive industry the price is at $11,000 per troy ounce with a 2021 peak of $27,000 per troy ounce.

Yes, you read that right, in 2021 the price of one troy ounce of rhodium was $27,000 dollars give or take.

Where is Rhodium mined?

Again, South Africa is the world’s largest producer of this precious metal, with the country mining around 80% of the world’s supply of the metal.

Annual Rhodium production sits at around 30 metric tons, which makes it have an even lower supply than that of platinum and palladium, giving it a competitive edge when it comes to scarcity.

Rhodium as investment

Rhodium bullion is a great anchor investment. Normally, when purchasing rhodium, it is advised that you aim for the long-term protection of all your precious metal assets.

Rhodium is even rarer than platinum and much more valuable than gold, this the potential gains exceed those of other precious metals and to be honest, most investors will be turned off by the apparent volatile nature of this metal, but they really shouldn’t.

When you have a resource as scarce as this, the most logical thing would be for it to appreciate in value much more than other resources, as the historical price charts show.

There is one downside to Rhodium though, and it’s not what you think. Finding this metal and investing in it is quite hard because even online bullion dealers constantly run out of stuck due to the heavy demand Rhodium has.

This of course could be seen as an upside but from the perspective of a prospective investor, your options when buying this precious metal are quite limited.

Why should I buy Rhodium?

  • Great anchor investment.
  • Long-term appreciation.
  • Better performance than Gold or Palladium.
  • Rhodium is the rarest of all the precious metals listed.

Bottom Line

Gold is still the most common investment instrument for long-term portfolio stability, and it is a great metal with many different uses, but it’s not the most valuable as we saw on the list. The thing that makes gold so great though is its liquidity when compared to other precious metal commodities, even if their worth is more than that of gold.

Some of these metals can be quite hard to get a hold of so always be notified when your trusted online dealer stocks up with any of these metals as their scarcity itself would make them a viable and great investment for diversifying your bullion portfolio.

We hope this article helped you, for more information on investing in precious metals, commodities, and jewelry we kindly ask you consider visiting our home page.

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