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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-economic blog
  • Sprott Physical Platinum And Palladium Trust IPO 0 comments
    Dec 15, 2012 10:53 AM | about stocks: PPLT

    The long awaited Sprott Physical Platinum and Palladium Trust IPO (NYSEARCA:SPPP) has finally come to exist, since we heard about it in February 2012. You can now subscribe to the 35 million units priced at $10/unit tradeable soon on the NYSE and TSX.

    The physical Platinum/Palladium will be stored at the Royal Canadian Mint. You can bet that I will put some money in this trust if I have some spare money left as platinum is still very cheap as compared to gold.

    More info at: www.sprottplatinumpalladium.com/



    (click to enlarge)
    Chart 1: Platinum to Gold Ratio

    Disclosure: I am long PPLT.

    Stocks: PPLT
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