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Precious metals, platinum and palladium

Perhaps, many people are wondering what makes a certain metal expensive and valuable. That's not surprising since it is perfectly normal for the people to wonder why metals such as iron, magnesium are so cheap and invaluable and other metals are considered precious. Basically, it all depends on how rare the metal is. Logically, if a certain metal is very rare, it is extremely expensive but if it can be found in many places, that makes it cheap and less valuable.


Perhaps, many people are wondering what makes a certain metal expensive and valuable. That’s not surprising since it is perfectly normal for the people to wonder why metals such as iron, magnesium are so cheap and invaluable and other metals are considered precious. Basically, it all depends on how rare the metal is. Logically, if a certain metal is very rare, it is extremely expensive but if it can be found in many places, that makes it cheap and less valuable.

The statements from above could immediately be “protected” by a simple example: the platinum. There is no doubt that it is one of the most expensive metals used for jewelry production but for NASA spaceship missions also. The research shows that platinum is no more than 0.0003% of the lithosphere. Why don’t you try to compare it with other metals such as magnesium that are nearly 10% of the entire lithosphere of the Earth! It is a huge difference, isn’t it?

But platinum is mainly used for production of jewelry. All engagement and wedding bands made out of platinum were very popular last year and many men and future grooms chose them as the best way for showing their love and affection to the partner. Undoubtedly, platinum is still popular as a metal for producing jewelry but its huge popularity has already started decreasing.

When talking about precious metals, platinum and palladium everybody thinks that as along as the metal is considered to be in the “precious group”, it is good. Anyway, all people have different tastes and there are even trends concerning the precious metals! So, it should not be surprising that a certain rare metal is more popular than another one. For instance, palladium seems to be the metal which has gained most popularity this year.

The truth is that many people do not know much about palladium. It was discover at the very beginning of the 19th century by William Wollaston. However, the history is not important and it is doubtful that anyone cares about it at all. What matters more than anything is why palladium is considered to be one of the most precious and expensive metals on the planet. That question’s answer would not surprise anyone- it is in top most expensive as it is one of the rarest metals!

Actually, there are only several regions where palladium could be found. These are: some northern states of US, northern Europe, and South Africa. Yes, there are no other places where this extremely precious metal has been found.

Of course, there might be other places on the planet but the chances are not very good. According to the scientists, all regions in Asia, South America and even Australia are not likely to be “gifted” with this precious metal! That is owed to the specific conditions needed for the palladium to form. Obviously, those conditions were not available in the regions!

Anyway, it does not matter when precious metals, platinum and palladium can be found. The more important thing is that they do exist and many people realize their extreme rareness! It is really great to know that you own a metal which is so rare that only 0.0001% of the human population could afford to purchase!