Should you invest in platinum and palladium?

The price of precious metals is surging. While gold and silver attract the biggest headlines, platinum is having a decent run too. And palladium is outshining them all. So should you buy in? John Stepek investigates.

Almost every type of raw material, from agricultural commodities to obscure rare-earth metals, is soaring in price. In some cases there are solid fundamental reasons for this bad weather and trade restrictions in the case of many 'soft' commodities.

In others, such as oil, the rise has more to do with the threat of quantitative easing than any genuine imbalance between supply and demand.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.