The Conversation (0)
A recently published article from Karim Rahemtulla of Wall Street Daily suggested that platinum could be the best buy in the metals sector. He argued that a lack of supply and rising demand in the future would help support platinum prices.
A recently published article from Karim Rahemtulla of Wall Street Daily suggested that platinum could be the best buy in the metals sector. He argued that a lack of supply and rising demand in the future would help support platinum prices.
As quoted in the publication:
Gold is the granddaddy of all precious metals, of course. It has little industrial usage, but a very strong following as a pure proxy for holding wealth in the form of cash. Gold has proven, over time, to be able to hold its value and even increase in value during times of financial distress. In terms of jewelry, gold has no peers.
From a supply point of view, gold is not as abundant as silver, but it isfar more abundant than platinum.
Platinum is the rarest of the three most popular precious metals. It has a wide range of applications, from industry to jewelry. Yet, it hasn’t made the cut in most people’s minds as a metal that can be used as a proxy for money, like silver or gold.
Still, of these three metals, platinum arguably presents the best potential upside from current levels.
Clicm here to read the full article.