The price of platinum is on a strong upward trend since last March. While it is still well below its historic high set in 2008, the demand for platinum substantially outweighs the current supply. Over the past year, many investors have diversified their precious metals holdings to include some exposure to platinum. As the price […]
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Over the past year, gold has risen over 30% primarily due to a falling dollar and concerns about inflation amid monetary expansion. Silver is up over 40% over 12 months and undervalued industrial metal with monetary attributes. Platinum, which is nearly 10 times rarer than gold is essentially unchanged over the last year. Platinum is […]
Physical gold is viewed as being a wealth preserver, a diversifier, and a hedge. The case of metals being a “store of value” is valid but investors are also always looking for a return on their investment. In such a volatile time for all markets, the return of investment is very important to most investors. […]
Every summer the kids get a summer vacation from school and Congress usually takes a recess from government business in August. This year the recess may become a little dicey since our federal government has been unable to borrow money since March. Why not? Back in March congressionally mandated borrowing limits took effect.
Loans in the shadow banking system are now larger and a bigger threat to economic stability and our economic system than the subprime mortgages that nearly collapsed our financial system in 2008.
Central bank financial repression policy leaves savers around the world with few choices. Last week the price of gold soared to a five year high after central banks around the world indicated they would push interest rates lower and print more money to keep interest rates low. Essentially either pushing savers to or keeping them […]
President Trump said he will increase trade tariffs on China Sunday afternoon President Trump unexpectedly said trade talks with China were going slow and that he was going to raise tariffs on China from 10% to 25% on Friday, May 10th, he also said the tariffs so far are partially responsible for our great economic […]
At Midas Gold Group we often encourage investors to take some positions in the industrial metals market. Purely industrial metals include platinum, palladium, and rhodium. All three of these metals, Platinum Group Metals (PGM), derive a significant part of their demand from the auto industry where they are used in catalytic converters to reduce emissions.
While most precious metal investors closely watch the price of gold and silver, many miss major moves in some of the industrial precious metals such as platinum, palladium, and rhodium. For many investors, diversification into these industrial metals can add diversity and profit potential to any balanced precious metals portfolio.