Platinum is Surging!
Post by: Walt Durham
in Platinum
Platinum is Surging!
Platinum has surged ahead recently and is currently well over the $1200 spot price. This metal has been in deficit for several years and we are finally seeing the effects. Increased demand from China is helping fuel prices as their year-on-year auto sales have surged 30%. This demand stokes demand for platinum in automobile catalytic converters. In addition, platinum is a main catalyst for the ever-expanding hydrogen energy sector which is being invested in as a “green” energy source. We are seeing an uptick in investment in fuel cell technology; fuel cells are an alternative to electric “plug-in” vehicles and are especially attractive for large vehicles. Platinum is critical for these fuel cells.
Platinum is 30 times rarer than gold but is currently 33% cheaper!
The supply of physical platinum is also tight. Platinum Eagles are all but nonexistent on the market at the current time.
We have a few 2004 $25 Platinum Eagles in Near-Flawless MS 69 ready to ship today.
Do Not Miss Out.
BULLION
SILVER
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PROOF
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PALLADIUM EAGLE
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GOLD
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HISTORIC GOLD
GOLD EAGLE
HISTORIC
EAGLE
EAGLE
LIBERTY GOLD
LIBERTY HEAD
LIBERTY
PRE-1933
PRE-1933 GOLD
PLATINUM
REVERSE PROOF
INDIAN HEAD
INDIAN GOLD
INDIAN
LAST YEAR OF ISSUE
FIRST YEAR OF ISSUE