Been watching PM's for some time now and since I like to diversify investments I've always pondered acquiring some physical platinum.
After doing some research Ive discovered platinum has several factors that drive price due to supply and demand. The list of factors are lengthy so just to touch upon a few...
It's defanatelly driven by industry which goes hand and hand with the economy..
Catalytic converters, electronics, jewelry etc. Poor economy =low demand and sales.
There is basically only two main sources of platinum. Russia & Africa. Currently very volitale regions. It's a very difficult lengthy mining process from start to product.
Palladium is a similar metal that's often being substituted for platinum.
Really if you look into it there is tons of potential twists and swings relating to this the most scarse and precious of metals.
So I thought I'd ask opinions here.
Platinum price is currently less than gold. I just have this funny feeling that sometime down the road I'm going to be saying "dam remember when platinum was cheaper than gold!"
Thoughts?
After doing some research Ive discovered platinum has several factors that drive price due to supply and demand. The list of factors are lengthy so just to touch upon a few...
It's defanatelly driven by industry which goes hand and hand with the economy..
Catalytic converters, electronics, jewelry etc. Poor economy =low demand and sales.
There is basically only two main sources of platinum. Russia & Africa. Currently very volitale regions. It's a very difficult lengthy mining process from start to product.
Palladium is a similar metal that's often being substituted for platinum.
Really if you look into it there is tons of potential twists and swings relating to this the most scarse and precious of metals.
So I thought I'd ask opinions here.
Platinum price is currently less than gold. I just have this funny feeling that sometime down the road I'm going to be saying "dam remember when platinum was cheaper than gold!"
Thoughts?