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Mining Weekly reported Rezco Assest Management say that while platinum shares will not have much value over the next year, investors may want to invest in platinum through exchange traded funds.
Mining Weekly reported Rezco Assest Management say that while platinum shares will not have much value over the next year, investors may want to invest in platinum through exchange traded funds.
As quoted in the market news:
As a result of the recent unrest in the sector, the platinum price can rise as high as $2 000/oz within the next nine months, he says.
At the beginning of 2012, there was a worldwide platinum surplus of 300 000 oz to 400 000 oz; however, it now seems 2012 may end in a deficit of about 200 000 oz, Spanjaard says, adding that as the platinum market will be in deficit, prices will increase.