Platinum: Buy Recommendation.
Buy Recommendation: range between $950.00 to $1050.00 per ounce
Platinum is undervalued. Historically, platinum was far more costly than gold.
A little-known fact is that platinum performs extremely well in times of inflation.
Regardless of what the fed may be saying inflation is and will remain a concern for some time.
IMG last year recommended platinum at $850.00 per ounce, since then we have seen a high above $1300.00 an ounce.
The cost of production ranges from $900.00 to $1300.00 per ounce, it’s fair to speculate that production cost will increase not decrease over time.
As investment demand continues to rise, above ground reserves are being consumed due to mining deficits.
World Platinum Council stated that above ground inventories are near the lower levels historically.
The council also mentioned lack of growth in supply over the next four years, obviously, creating a further tightness in the market.
Platinum´s application in many new technologies is certainly a major motivator for investors.
For a complete explanation of this opportunity and long-term potential, call or email for an appointment.
Much success to all.
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Canada – Australia – China – Switzerland
Brinks – IDS – Loomis – The Perth Mint