The Split Personalities of Platinum and Palladium ETFs
Sunday, August 22nd, 2010Morningstar submits:
By Abraham Bailin
Among commodities, precious metals like gold have been widely adopted as inflationary hedges and "safe-haven" assets because of their traditional store of value. To the layperson, platinum and palladium are merely pricier alternatives to white-gold engagement rings. Fittingly, those interested in commodities exposure may associate the metals with their "precious metals" group cousins. While both platinum and palladium can be used for beautiful and durable jewelry, well-informed investors should be aware that these metals are primarily used in industrial applications and are thus likely to fluctuate with economic ups and downs.
