Until I started shopping for jewelry this past week I didn’t pay much attention to the price of precious metals. Certainly not to the relative prices of precious metals, although I was vaguely aware that gold was very expensive these days and that certain less-than-trustworthy characters were cheering it on.
But today I learned that gold is almost three times as expensive as palladium, and in fact almost as expensive as platinum. The price of non-precious metals like copper and aluminum has sunk with the economy, and the price of platinum, which has both industrial and jewelry applications, is cheaper than it was a year or two ago. Only gold, which is not really that useful, has risen.
This seems totally wrong to me. Can anyone explain?