The Conversation (0)
Barron’s reported palladium and platinum ETF are a good buy at the moment on supply worries.
Barron’s reported palladium and platinum ETF are a good buy at the moment on supply worries.
As quoted in the market news:
Platinum and palladium aren’t hyper-ETF’ed just yet. Some investors worry that gold ETFs have grown too important vis-a-vis other sources of demand. They worry that a turnaround in investor opinion could sink the SPDR Gold Fund (GLD), the iShares Gold Trust (IAU) or other popular trackers of the metal. Whether there’s basis for worry remains to be seen. But what’s clear is that “platinum and palladium ETFs are still very small relative to the market cap of PGM equities (only 4%), while gold ETFs are far more significant in the gold space (29%),” the analysts write.