Why Platinum Could Soon Close In on Gold and Silver
Many years ago, platinum was fondly referred to as “the rich people’s gold” as platinum was then trading at a premium when compared to gold. Given that platinum is currently having its own bull run, many investors are wondering whether the old times are coming back and the rare metal could regain its status of trading at a premium relative to the yellow metal. We explore some factors that point to a continued rally in the platinum market for the foreseeable future. For almost a decade, the price of platinum traded at about $1,000 for each ounce. However, the price…