Platinum Could be Next Safe Haven for Investors
Source: Economic Times, Aman Dhall (6/14/10)
"Analysts rank platinum the second-best investment among metals."
Platinum, which has higher leverage to the rising industrial cycle than gold, falls in the same league. The valuable metal, whose supply is restrictive and scarce due to high power costs and complex extraction process, is still trying to make its mark in the investment universe.
With platinum jewelry catching up in the West, market analysts expect the grey-white metal prices to show disproportionately high movement in the near future as the trend spreads to the rest of the world. They rank it as the second-best investment bet among various metals and feel it deserves a tactical if not strategic allocation in an individual's portfolio.