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Platinum may be best bet among precious metals, and a hedge against gold, whatever happens

Posted on 04 October 2013

Platinum may be the best precious metal to bet on, whatever happens to the global economy or its more popular cousin gold, Kitco Metals Inc. precious metals director Peter Hug told International Business Times on Thursday.
On the one hand, if the global economy recovers, platinum and platinum group metals, including palladium, stand to gain as well. That’s because the metal’s heavy industrial use in automobile parts should benefit from a recovering automobile market in the United States and Europe, said Hug, an investment director at one of North America’s largest precious metals retailers………………………………………..Full Article: Source


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