Platinum Investing News» investment

Platinum Investment Has Cut Stake in Shanghai Forte Land

Melissa Pistilli — Wed, 05 Aug 2009 08:53:57 +0000

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

GM bankruptcy lends relief to platinum

Melissa Pistilli — Fri, 05 Jun 2009 07:58:25 +0000

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.

Automaker uncertainty bad news for platinum

Melissa Pistilli — Tue, 28 Apr 2009 05:23:08 +0000

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.

Platinum will glitter more on strength of gold

Melissa Pistilli — Mon, 27 Apr 2009 18:44:04 +0000

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

Platinum’s alternative investment appeal

Melissa Pistilli — Wed, 01 Apr 2009 09:28:21 +0000

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.

Record hike in platinum ETF’s

Melissa Pistilli — Tue, 31 Mar 2009 15:09:31 +0000

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

Is it Gold or Platinum?

Melissa Pistilli — Fri, 27 Mar 2009 16:31:15 +0000

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 [...]

Equity rally bad news for platinum

Melissa Pistilli — Wed, 18 Mar 2009 13:58:13 +0000

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.

Platinum: Undiscovered Gold?

Melissa Pistilli — Mon, 09 Mar 2009 15:27:18 +0000

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

Platinum to mimic gold?

Melissa Pistilli — Wed, 04 Mar 2009 05:45:45 +0000

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.