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<p>[QUOTE=&quot;Rono, post: 168572, member: 6492&quot;]Howdy folks,</p><p>&nbsp;</p><p>Platinum set a new high this morning on supply/demand issues AND the rumor that there is a plan to start up a new platinum ETF (exchange traded fund) similar to those for gold and the one for silver.&nbsp; The bullion demand this would cause could push the price up another 15-20%.</p><p>&nbsp;</p><p>And this dovetails on the recent discussion about palladium as it is an industrial substitute for platinum.&nbsp; The author was wondering about the chance that Uncle would start to mint a palladium bullion coin (like Canada).&nbsp;&nbsp; Frankly, I don&#039;t see it personally as this is an awfully thin market and commercial gits that they are, this might be a bit much even for the Mint.&nbsp; However, nothing would really surprise me with their marketing strategies, so who knows.</p><p>&nbsp;</p><p>As a bit of side info, and not offering investment advice, folks need to realize that these bullion ETF&#039;s (gold and silver and perhaps platinum) are considered Collectables by the IRS.&nbsp; This means that if you own them in a taxable acct, the long term gains are taxed at 28% as compared to a plain vanilla precious metals mutual fund which is taxed at 15%. </p><p>&nbsp;</p><p><a href="http://www.bloomberg.com/apps/news?pid=20601012&amp;sid=ae00hrgyPdBQ&amp;refer=commodities" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/apps/news?pid=20601012&amp;sid=ae00hrgyPdBQ&amp;refer=commodities" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601012&amp;sid=ae00hrgyPdBQ&amp;refer=commodities</a></p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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