Platinum ETFs and the World Cup: Supply and Demand Issues Are Key
Wednesday, March 24th, 2010
Tom Lydon (ETF Trends) submits:
Platinum and palladium were once best-known for their role in cleaning up emissions, thanks to their use in catalytic converters. A pair of new funds from ETF Securities has thrust them into a newer spotlight: platinum and palladium as investments. These physically-backed funds, which are a first in the United States, have left millions of investors with platinum on the brain.
Try this on for size: before ETFS Physical Platinum (PPLT) and ETFS Physical Palladium (PALL) came to market, investment demand was low. Now, investment demand accounts for approximately 11% of total platinum market demand.
