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Financial Post reported Sprott Assessment Management has opened a new physical platinum and palladium trust.
Financial Post reported Sprott Assessment Management has opened a new physical platinum and palladium trust.
As quoted in the market news:
To be an investment winner, the price of the two minerals has to rise because the company’s only asset is its stake in the two minerals. (It plans to allocate the proceeds equally between the two minerals.) The prospectus indicates over the past three, five and 10-years, the price of the two has risen steadily. Over the past 12 months, the price of both has fallen: for platinum, the one-year fall is 15.6%; for palladium, the decline is 18.3%. For 2008, the year in which the global financial crisis started, the price of the two minerals was down sharply.