Palladium: The Metal That Became More Expensive Than Gold
Most people have never heard of palladium. Ask someone on the street to name a precious metal and they will say gold. Maybe silver. Maybe platinum if they know jewelry. Almost nobody would say palladium. But in January 2001, palladium became the first precious metal in history to break $1,000 per ounce. More expensive than gold. Chapter 19 of Torsten Dennin’s “From Tulips to Bitcoins” tells how this obscure metal went from $120 to over $1,100 in four years. A 10x increase. And it all came down to one country: Russia.