The Conversation (0)
Writing for Sprott Inc. (TSX:SII), David Franklin reported that investors in platinum stocks have been selling their shares over the last month and a half on the back of fears that the sector is in “terminal decline.” He believes that the way forward for investors is to invest in the metal itself.
Writing for Sprott Inc. (TSX:SII), David Franklin reported that investors in platinum stocks have been selling their shares over the last month and a half on the back of fears that the sector is in “terminal decline.” He believes that the way forward for investors is to invest in the metal itself.
As quoted in the market news:
As reported by Bloomberg, holdings of all platinum ETFs have increased by 30% since the beginning of this year and palladium holdings have increased by 16%. Both are healthy increases over a short period of time, highlighting investors’ preference for the metal over the miners. Given the data and opinions provided at Platinum Week, we continue to believe in a bright future for these two precious metals.
Click here to read the full Sprott Inc. (TSX:SII) report.