Gold, Silver And Platinum? A Precious Metal Play To Consider

I have been recommending gold and silver in physical form or through one of the ETFs that tracks the price of the metals such as (GLD), (IAU) and (SLV) for the last month. I have also been recommending investing in individual miners for each of the metals as well. While the GLD, IAU and SLV are up 5.5%, 5.5% and 13.5% respectively in the last month due to the rising price of gold and silver, one of the world's most precious metals has not been receiving as much attention from the financial media. That metal is platinum, which is rarer than gold and silver and has many applications in industrial sectors. Platinum can be found in: Automobiles and machinery; used in catalytic converters, spark plugs, and sensors Chemical processing; can serve as a general catalyst to speed reactions Electrical/electronics; found in high-temperature and non-corrosive wires and contacts Glasswork Petroleum/oil refining; serves as a catalyst for crude oil cracking Jewelry; often used as a substitute for gold Dental/Medical equipment Investment form; bullion and coins Gold is trading at a higher price than platinum recently. This is historically rare and could mean platinum is due for a rebound above gold prices. Since the mid 1990s, platinum has often cost 1.5 to 2 times as much as gold. Platinum currently trades at $1545 an ounce, whereas gold is now above $1670 an ounce. While platinum is up approximately 14.5% this month, I think the current run up may have just begun and thus....READ MORE