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  • The Decline of Platinum [View article]
    If, like most investors, you are looking at only the auto demand of platinum, you are wrong. A review of history tells you its wrong. In 1980 we had another oil crisis, with skyrocketing oil price, mile long lines at gas stations. Auto sale plummetted and GM stock made all time low. You would expect platinum price drop to the floor as auto demand weakened. However the historic truth is platinum, palladium all run up with gold to reach a peak in 1980. It was driven up by precious metal investmen demand then. The same thing will happen today.

    The current downfall of PGM metals is nothing more than part of the general precious metal and commodity correction. It will pass, just like the precious metal correction prior to the 1980 peak.

    Do you know US government just suspended platinum sale? Do you know platinum is a war metal? Read this and then read the comments:

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    Aug 13 00:55 am |Rating: 0 0
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