Japan Boosting Physical, ETF Platinum Buying
Source: Reuters, Chikako Mogi (8/25/11)
"Japanese investors have been bucking the global trend for buying gold."
Japanese investors have been steadily boosting their platinum investments over the last month, tempted by the precious metal's stability relative to gold as they look to diversify their commodity holdings with global markets in turmoil.
"The amount of gold holdings customers want to sell has grown by the day this month, but purchases of platinum have actually doubled," said Osamu Ikeda, a general manager at Japan's largest bullion house, Tanaka Kikinzoku Kogyo.
Japanese investors have been bucking the global trend for buying gold, cashing in their holdings as bullion smashed through successive record levels. . . .View Full Article