Can Platinum’s Price Surge Continue? World Platinum Investment Council gives forecast

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Feb 25, 2021 12:13 NY TimeKitco 10AM Silver Fix

(Kitco News, Thurs. Feb. 25th, 2021) – Many of the factors that have held back platinum in the past, including demand, liquidity in the futures markets, and visibility, are now becoming tailwinds for the price, said Trevor Raymond, director of research at the World Platinum Investment Council. 

Platinum has risen 25% since Early December of 2020, with more growth seen by many experts.

“What we’ve seen over this period is just more visibility for platinum and I think what’s going on is really about demand growth, constraints in supply, and more visibility,” Raymond said. “What has happened during COVID is that the world has become more aware that the hydrogen economy is probably a certainty.”

On a relative basis to gold, platinum has historically traded at a premium, but the fact that it is trading at a discount to gold right now suggests that the price is still undervalued at these levels, Raymond said.

Also chiming in on platinum is Jack Dempsey, President of 401 Gold Consultants LLC who says , “ historically I’ve seen Platinum trade at over 2 : 1 to gold most of my (35) years in the financial markets” plus he adds, “electrification of society is coming and the noble , or industrial metals will take center stage as demand outstrips supply. As an example, just look at the low mintages on all recent palladium and platinum coins sold worldwide” Dempsey also thinks there is a silver demand as well and says these are some of the best ways to participate in metals if and when coins are available.

Posted by :

Jack Dempsey, President

401 Gokd Consultants LLC

jdemp2003@gmail.com ,