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Is platinum about to go past gold price?
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<p>[QUOTE="Juan Blanco, post: 1612921, member: 41665"]They're called PGMs (Platinum Group Metals.) And the 'aggregate' rarity is a moot point: Platinum is much less common than Gold, in minable sources. Rhodium is even rarer, a superior catalyst, but there's not yet any investment demand. And that's why it's cheaper now (historically: as cheap as it's ever been in relation to Gold.) BUY LOW.</p><p><br /></p><p>[ATTACH]228316.vB[/ATTACH]</p><p><br /></p><p>There are enormous stockpiles of Gold (consider that 8,133 metric tonne in US Reserves) but for none of the PGMs. The Pt mkt is currently glutted with a surplus 140 metric tonnes, and according to this report, the surplus may dampen price for ~2 more years.</p><p><a href="http://www.miningmx.com/news/platinum_group_metals/Platinum-stockpile-halts-price-gains.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.miningmx.com/news/platinum_group_metals/Platinum-stockpile-halts-price-gains.htm" rel="nofollow">http://www.miningmx.com/news/platinum_group_metals/Platinum-stockpile-halts-price-gains.htm</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1612921, member: 41665"]They're called PGMs (Platinum Group Metals.) And the 'aggregate' rarity is a moot point: Platinum is much less common than Gold, in minable sources. Rhodium is even rarer, a superior catalyst, but there's not yet any investment demand. And that's why it's cheaper now (historically: as cheap as it's ever been in relation to Gold.) BUY LOW. [ATTACH]228316.vB[/ATTACH] There are enormous stockpiles of Gold (consider that 8,133 metric tonne in US Reserves) but for none of the PGMs. The Pt mkt is currently glutted with a surplus 140 metric tonnes, and according to this report, the surplus may dampen price for ~2 more years. [URL]http://www.miningmx.com/news/platinum_group_metals/Platinum-stockpile-halts-price-gains.htm[/URL][/QUOTE]
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