Favorable Outlook For Platinum Group Metals, Especially If Economy Improves
(1888PressRelease) Supply and demand factors, plus increasing investment demand, lead to an optimistic outlook for platinum and palladium.
MIAMI, FL – The outlook for the platinum group metals (PGMs): platinum, palladium and rhodium is largely favorable although their dependence on industrial demand means that some further improvement in the global economic situation would be needed for them to soar.
However, the market is also strongly affected by supply and demand and there have been issues with supplies, with wage increases and possible labor shortages. Also, as Japan recovers from the devastating earthquake and tsunami, the demand from the automobile industry, where PGMs are used in the manufacture of catalytic converters, is likely to remain strong. Prices for platinum and palladium have been fairly stagnant recently; they lack the immediate safe haven appeal of gold and certainly the media attention that the yellow metal receives while concerns about the economy tend to offer support for gold at the cost of the other precious metals. We should bear in mind that all the precious metals offer similar protection against inflation or devaluation; platinum has long enjoyed a higher price than gold, a position that, in the last three years, has only recently – and briefly – been contested. Palladium tends to be the poor relation but its lower price has not suffered the same volatility that has recently plagued gold and platinum. Both metals are highly coveted in the jewelry industry and both have seen a marked increase in investment demand in recent weeks.
“The traditional situation has reversed somewhat,” says Bill Hionas of Pan American Metals of Miami. “Gold has become the more volatile metal, with platinum and palladium seeing less excitement. However, the near-term outlook appears favorable and these metals offer a promising return for investors.”
Pan American Metals of Miami offers clients the opportunity to purchase platinum and palladium bullion; interested investors should contact PAMM’s team of brokers for further information.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/favorable-outlook-for-platinum-group-metals-especially-if-e-pr-333778.html
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