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Monday, January 21, 2013

Is Platinum finally coming back?

Back in Sep 2012, I said Platinum was very attractive because it had never been so cheap in the past 20 years when compared to the gold price. Not sure if you have noticed, platinum is quietly managing to try to retake its leadership role in previous metals. For the first time in the past one year or so, platinum has been trading for a price higher than gold in the past few days. The major reason for this fast move was that the largest producer of the metal, Ango American, said it would halt operations at several mines in South Africa.  Am I sure this means platinum has finally come back to lead? No I'm not sure. But at least it means it is moving towards this direction and I have no doubt it will finally be the precious metal king again sooner or later.

By the way, do you want to get free gold like the one below? You can if you are lucky enough. See the interesting report here. Maybe we should all take the hobby to do metal detection in our free time?!

The gold nugget found in Ballarat

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