Platinum Investment has recently cut its stake in Shanghai Forte Land Co Ltd. to 7.52% from the previous 8.17%, as per the bourse operator Hong Kong Exchanges and Clearing. For full story, click here
Continue reading "Platinum Investment Has Cut Stake in Shanghai Forte Land"
Friday, June 5, 2009
Platinum prices, already on the positive track, got a boost this week from declining greenback and the announcement of GM’s Bankruptcy. GM’s bankruptcy is by no means a positive for platinum, as the auto industry accounts for approximately half of global platinum demand; however, platinum’s price has been reflecting the impending bankruptcy for many weeks.
Continue reading "GM bankruptcy lends relief to platinum"
Monday, April 27, 2009
Platinum declined last week; and continued the trend this Monday as uncertainty over the future of US automaker GM put the metal’s near future demand outlook into question. In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal.
Continue reading "Automaker uncertainty bad news for platinum"
Monday, April 27, 2009
Interest in platinum and palladium as a safe haven investment in tandem with gold may intensify in 2009 as uncertainty in the global economic and financial system is expected to persist into 2010. For full story, click here
Continue reading "Platinum will glitter more on strength of gold"
Wednesday, April 1, 2009
Platinum is on track for the best quarter in over a year, as demand for the metal as an alternative to gold has nudged prices up 23 per cent. Platinum’s premium to gold stood at $213.15 an ounce yesterday, compared with $1,041.83 a year ago.
Continue reading "Platinum’s alternative investment appeal"
Tuesday, March 31, 2009
There has been a reported hike in inflows into physically-backed precious metals ETCs of ETF Securities. The firm informed that investment in platinum was the largest in over a year while gold holdings have increased to an all-time high. For full story, click here
Continue reading "Record hike in platinum ETF’s"
Friday, March 27, 2009
Analysts reported that gold may perform strongly in the short term, but platinum might be a better investment bet in the medium term. Max Koep, head of equities at Deutsche Bank in South Africa, stated: We view the ongoing global recession, risk aversion and limited capital flows through the first half of this year as leaving the [...]
Continue reading "Is it Gold or Platinum?"
Wednesday, March 18, 2009
Monday’s equity market rally switched precious metals to a negative track. As equities rose, the precious metals were less enticing to investors, and this was reflected in their value. Platinum for April delivery ended the session in New York down $14.20 to $1,049.40 per troy ounce.
Continue reading "Equity rally bad news for platinum"
Monday, March 9, 2009
The eventual rebound in the auto industry, demand from Chinese consumers, the likely uptick in investor demand, combined with the inherent scarcity of the the metal and its high cost of production, make for a very attractive investment in Platinum. For full story, click here
Continue reading "Platinum: Undiscovered Gold?"
Tuesday, March 3, 2009
Platinum is known as "high-octane gold", for its stronger price moves and prospects for a higher upside. Platinum is essential to the economies of many industrialized nations, globally, demand for platinum is the sum of; investment demand, industrial demand, and jewellery demand.
Continue reading "Platinum to mimic gold?"
For upcoming platinum investing trade shows, see the following links: World Platinum Congress, Cambridgehouse, IIC, Chicago Resource Expo
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Wednesday, August 5, 2009