Connect with us

Hi, what are you looking for?

Investing

Edward Sterck: Platinum Prices at Record High, Price Boosters On the Move!

Edward Sterck Platinum, a precious metal exchange-traded fund (ETF) specializing in platinum, is on track for a record deficit this year. According to research firm ETF Securities, an increasing supply deficit is building up for platinum, driving further price increases. The deficit, the difference between supply and demand, has widened to 491,000 ounces in 2018, the greatest since 2013. With the market’s increasing deficit, the price of the metal is expected to hit $1,050 an ounce in the short-term, according to analysts.

To explain this supply deficit, Edward Sterck Platinum attributed it to platinum’s broad-based industrial demand, citing both strong platinum jewelry sales and its use in catalytic converters for gasoline-powered vehicles. As platinum’s importance in fuel emission systems has become even more valued, industrial demand for platinum has increased. Simultaneously, the mine supply of platinum continues to decline, due to low investment in resources and depreciation of existing mines.

Investors have already started to capitalize on the potential of this precious metal. According to Edward Sterck Platinum, they have seen ETF asset flows increasing steadily since the turn of the year, as investors have looked to platinum’s long-term prospects, adding to its shortage.

The outlook is further encouraging, as the platinum price in January of 2018 was the lowest it had been in 11 years, making it a prime entry point for many investors. Thus, analysts predict that while the supply deficit is expected to persist through 2019, in the long-term, the platinum price should continue to climb. This provides investors with an opportunity to capitalize on the anticipated price increase this and future years.

Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Investing

    Getchell Gold Corp, a junior miner exploring gold mining in Nevada, has just initiated trading on the Frankfurt Exchange under the symbol GGA1. Getchell...

    Latest News

    France has announced the release of François Santoni, a French official that had been held by Niger security forces since July 7. The French...

    Stock

    With government issues, i.e. bonds, it is essential to consider the “long term trend” in order to get the most benefit and create wealth...

    Investing

    Exploration results from the latest Bigfoot Drilling Program at the Tatiggaq Project in Canada’s Thelon Basin, Yukon-Northwest Territories region have demonstrated that the uranium...

    Disclaimer: Incomeinvestingsinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Incomeinvestingsinsider.com