Platinum gets mixed response as crude oil drops
Fri, Jun 19, 2009
Platinum Investing News reports platinum price dropped slightly.
It may seem odd that the bankruptcy of a major consumer of platinum would be positive for prices; however, over the past weeks the metal’s price already reflected the impending bankruptcy. Now the market has shifted its focus, and like all precious metals, platinum has seen a significant boost recently from investors looking for hedges against the increasingly likely threat of inflation.
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Tags: crude oil, finance, gold and silver, industrial, industries, inflation, investing in platinum, investor, junior platinum, markets, metals, mineralization, palladium, pgm, platinum futures, platinum group metals, platinum mine, platinum mining, platinum stocks, precious, precious metals, s, spot platinum
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June 19th, 2009 at 9:34 am
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