 The price of platinum , like other industrial commodities , is more volatile than that of gold . In 2008 , the price of platinum dropped from $ 2 @,@ 252 to $ 774 per oz , a loss of nearly 2 / 3 of its value . By contrast , the price of gold dropped from ~ $ 1 @,@ 000 to ~ $ 700 / oz during the same time frame , a loss of only 1 / 3 of its value . 
