Platinum Looking Cheap, But Europe Could Change Price

Mineweb reported analysts say that platinum is cheap at current levels with short supply and concerns about Europe keeping investors cautious.

As quoted in the market news:

Between 1987 and August 2011, platinum closed at a discount to gold on only 123 trading days out of a total of 6,413. In the last third of last year, however, the sight of an ounce of platinum trading at a discount to gold became decidedly more common. But, when last week the discount hit records above $220, a few eyebrows were raised.

Click here to read the full Mineweb report.