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Platinum ‘rich man’s gold’ is palladium: Tomorrow’s?

Posted on 15 November 2013

The Platinum Group Metals (PGMs) are a family comprised of 6 metals - platinum, palladium rhodium, iridium, osmium and ruthenium. But for our purpose today (and for most investors), we are only interested in the first two - platinum and palladium.
Platinum is usually more expensive than gold. But for well over a year, it actually traded for less - substantially less. One could purchase a troy ounce of platinum for $150 or so less than a troy ounce of gold. (As a side note, during the time of this unusual inverted pricing relationship, in expectation of the “norm” reestablishing itself, I placed a long platinum/short gold spread trade. Of course, this did indeed take place and I was able to make a good profit on the trade.)……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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