If phrases like “platinum status” and “going platinum” are to be believed, the precious metal is the best and baddest in all the land. But how elite is it actually, particularly when compared with its best frenemy, gold?
Platinum Vs. Gold
Platinum is a naturally occurring chemical element that is actually about 30 times rarer than gold, according to Jenny Luker, president of Platinum Guild International USA (PGI), a marketing organization for the platinum jewelry industry. “If all the platinum ever mined were melted and poured into an Olympic-sized pool, the platinum would barely reach your ankles. Gold, however, would fill three pools,” she explains via email.
Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, focusing on the reprocessing of historical mine waste and surface materials.The Company has secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right to a primary PGM project in the Eastern Bushveld complex.
