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Business Insider reported an interview with Matt Zylstra who says platinum has potential as an underpriced market in 2012.
Business Insider reported an interview with Matt Zylstra who says platinum has potential as an underpriced market in 2012.
Matt Zylstra said:
We actually feel platinum has a lot of potential. South Africa, Zimbabwe and Russia account for about 90% of platinum production and there’s a scarcity of good platinum metals group (PMG) projects outside those countries. We expect increased investment demand and believe that supply disruptions, as well as resource nationalization concerns, will drive the price higher. We note that Sprott Asset Management has formed a physical platinum and palladium trust, which could boost investment demand.
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