David Ricardo

As the Metal Price Surges, Why No Platinum ETF?

Platinum ETFs should be outlawed before someone starts one. Platinum is so rare and so critical to environmental protection that it should not be wasted in ETF stockpiles. There are ample stockpiles of gold and silver to satisfy the ETF business.
Although a small amount of Platinum is used for jewelry and coins, the major use of Platinum is in industrial applications, and especially in catalytic converters to reduce auto pollution. Furthermore, most plans to convert autos from gasoline/diesel to hydrogen will entail use of platinum catalysts. It would be a tragedy if most of the world's Platinum winds up in bullion bars instead of catalytic converters.