Platinum is now cheaper than gold – which doesn’t make sense. Platinum is 30 times rarer than gold. Most of the world’s supply of platinum comes from the Bushveld geological structure in South Africa – where most of the “easy to get to” metal has already been extracted. There’s still plenty of platinum in the structure, but the cost of getting it out of the ground is growing more and more expensive. This will keep pressure on the available supply.