Platinum Better Long Term Than Gold

Source: Mineweb.com  (9/17/07)

This comes as platinum supply and demand fundamentals are firm and platinum companies are set to grow production volumes.


Platinum stocks are preferred as a medium to long-term investment over gold which recently saw powerful rallies in its price. This comes as platinum supply and demand fundamentals are firm and platinum companies are set to grow production volumes.

Mike Townshend, resource analyst at Foord Asset Management, told Mineweb today that platinum stocks would outperform gold over the next two to five years as platinum demand was driven by environmental legislation (62%) and the Chinese jewellery market (22%).

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