Ready to motor: it’s platinum’s turn to shine

Palladium and rhodium have outstripped platinum in the past few years. But thanks to the advent of fuel-cell cars, that could soon change, says Dominic Frisby.

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The main platinum group metals (PGMs, as they are known) are palladium, rhodium and, of course, platinum itself. They are all precious metals, in the sense that they are both rare and expensive. Indeed, palladium and rhodium are pricier than gold rhodium, at $5,350/oz, is three-and-a-half times the gold price. Platinum, at under $1,000/oz, is currently cheaper, but this is anomalous.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby