If you followed Midas Gold Group’s advice in March 2019, you would have realized a 290% gain in less than a year. On March 19th, 2019 the price of rhodium stood at roughly $3,000 per ounce. In our weekly blog article titled This Precious Metal is Already Up 35% in 2019! – Rhodium Shines we […]
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.
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