Platico Insights.

Platinum’s surge outpaces gold as shortages, tight stocks and renewed investor confidence drive prices. Despite recent commodity corrections, the uptrend remains intact. Given historical parity with gold and scarcer supply, a platinum price US$5,000 is plausible if gold stays elevated.

Platinum isn’t the “new gold” anymore — but it might be the better gold. In 2025, gold climbed ~75%, while platinum surged ~150%, reflecting stronger fundamentals: scarce above-ground stock, low production, no short-term supply increase, and a price still far below gold.

Platinum, which shares many traits with gold, is excluded from central bank reserves under current IMF categorisation due to its industrial use, not lack of value or liquidity. Recognition as a reserve asset could diversify holdings but this hinges on formal policy change.