With gold breaking out to new highs, the persistent underperformance of platinum represents an extraordinary opportunity for contrarian hard money investors.
Platinum is both a monetary asset that is minted into coins by various sovereign mints and an industrial metal consumed in multiple important industries. With the Fed raising its inflation target from 2% to 4% while printing money, suppressing interesting rates, and monetizing sovereign and corporate debt, the preconditions exist of the “Mother of All Bull Markets” in gold and other hard as ssets.
With silver, palladium, and bitcoin pumping, platinum is attractive from a relative value perspective; Once platinum breaks through h resistance at $1,000, I anticipate that platinum will rally towards the $1,600 level, and ultimately retest its all-time high.
This story is from the October - November 2020 edition of COINage Magazine.
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This story is from the October - November 2020 edition of COINage Magazine.
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