Platinum May Provide Investors & Traders With Some Quick Short-term Gains, Way More Than Gold

I wish to know why more individuals aren't raving regarding platinum these days. It's extremely uncommon, yet it has many more industrial uses than gold. In reality, it's 30X rare compared to gold! Read why you need to act urgently...
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Jan. 30, 2013 - PRLog -- Why aren't more individuals raving regarding platinum these days? It's extremely uncommon, yet it has many more industrial uses than gold. In reality, it's 30X rare compared to gold! Furthermore, Anglo American Platinum Limited , the world’s biggest producer of platinum, lately indicated that it would close operations at 2 mines. This will create a more severe supply crunch and drive prices higher as well. How High Will Silver Go? Learn More >>

That being said, it's certainly a desirable addition with regard to investor portfolios right now. Of course, gold is the most secure bet if you're looking for long-term increases. But, if you're looking to create a quick profit in the short-term play, platinum is burning hot right now.

A week ago, platinum rose above gold indicating a lift of confidence in the higher economy and perhaps a finish to the Fed's bond buying plan - but I would not hold my breath around the latter part of the statement at this time. Rare Coins, Silver Coins, Gold Coins >>

Yet, platinum's rise should have traders around the globe a little more positive this week. Here's the reason why. When the gold platinum ratio is actually low it points to weaker economic problems and weakness globally. Platinum reacts to enhancing economic conditions along with this recent move is originating as good news for all those weary of five years of monetary as well as economic issues worldwide.

Tim Murray associated with precious metals marketing at Johnson Mathey said in a recent post that gold and platinum are generally precious metals and will run with each other, but platinum reacts more to reports from the industrial as well as auto side.

So if you are interested in incorporating a little growth to your investment portfolio, it might be time to invest in some “white gold.” Just remember: gold is the #1 choice if you're trying to pave a route to wealth preservation.

Hold your eye on platinum now and in the next few days to come. You could effortlessly pocket some substantial short term gains - simply don't forget to look out with regard to sell alerts in the actual near future! How High Will Silver Go? Learn More >>
Source:Franklin P. Whitman
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