If the economy recovers...
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If the economy recovers...
by scyther » Fri Feb 22, 2013 7:32 pm
I know many here consider it an impossibility, but if the economy recovers, how will platinum do? I noticed that while all metals crashed in 2008, gold and silver are a lot higher now than they were before the crash, while platinum is actually significantly lower. Should I buy platinum to hedge against economic recovery?
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Re: If the economy recovers...
by Robarons » Fri Feb 22, 2013 9:31 pm
What scares me is that alot of the uses Platinum is used for is being replaced by Palladium. They will figure out any way to transfer from platinum at $1600-$1800 to palladium at $750 or any price under $1600.
But yes platinum is a industrial metal more driven by manufacturing that tends to rebound in better economies. Platinum is more prone to supply disruptions as well- this year strikes are the only platinum mines are causing a net shortage this year. What that does to platinum who knows?
But yes platinum is a industrial metal more driven by manufacturing that tends to rebound in better economies. Platinum is more prone to supply disruptions as well- this year strikes are the only platinum mines are causing a net shortage this year. What that does to platinum who knows?
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