Precious Metals

Business Insider reported an interview with Chen Lin, who says precious metals, including platinum are still a good investment.

Business Insider reported an interview with Chen Lin, who says precious metals, including platinum are still a good investment.

Chen Lin said:

In fact, I was out telling everybody that I’m loading up on platinum. Platinum is less than 10% of the global production of gold. Some 75% of global production comes from South Africa, which is having problems with electricity, labor disputes and other issues. Right now platinum is trading at a discount to gold. It’s almost unheard of. It used to be platinum was twice as much as gold. There could be hedge funds that may be long platinum and short gold and are having some problems and may be unwinding some positions. Over the long run, I think platinum is probably a very good investment.

Click here to read the full Business Insider report.

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Gold1801.89+0.36
Silver20.82+0.02
Copper3.68-0.03
Palladium2224.19+14.20
Platinum965.47+2.48
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Heating Oil3.51+0.03
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