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Katchum
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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on 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 Ashland, a... More
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Correlation Economics
  • 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 (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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