By Jeff Clark in Advanced Income:

Platinum doesn't get much attention as a precious metal. It's more commonly known for its industrial uses. Nonetheless, it rallies and falls along with gold and silver. And given a choice, my wife will pick platinum jewelry over gold and silver any day.

The global economic slowdown, however, has taken its toll on the price of platinum. While gold is trading within 5% of its all-time high and silver has bounced back to within 30% of last year's high price, platinum is still more than 50% below its $2,200-per-ounce price tag from last May.

This comparison isn't designed to illustrate how much upside potential there is in the shiny white metal. Rather, it shows how little downside there is. You see, gold and silver stocks have had terrific runs higher. They'll likely generate further gains as the year continues. But the stocks are extended in the short term. It wouldn't be too surprising to see a bit of a pullback. Meanwhile, platinum has gone unnoticed. Platinum stocks are still trolling near their 52-week lows.

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