Could Platinum Outpace Gold in 2020. Very Likely.
The talk of 2019 was about the sharp move (on a relative basis) for Gold and Silver at first. However, lurking in the forest was Palladium which to may peoples surprise, surged 50-60% to over 2000. While it has pulled back a little, I believe it will continue to move higher after Q1 2020 and peak around 2400 sometime in 2020 before some sort of consolidation and semi-aggressive pullback.
Platinum has certainly been the loner of precious metals for any sort of 'big move' however, that should change in 2020. I have heard several reports that there is significant demand rising in Asia for Platinum in terms of jewelry and other uses which will drive the price higher when the big whales decide to take it as such.
Also interestingly enough, Platinum is also "rarer" and "harder to mine" compared to Gold. From the past technicals we can see when Platinum starts to go - it really goes.
While Gold is clearly the most well-known monetary hedge, my bet is on Platinum making the most significant run in 2020 in terms of percentage yearly gain. Considering how suppressed it is, all it needs is a little boost to send it soaring.
For those who have followed my ideas, I have been harping on Impala Platinum for the last 6 months back when it was 6.00. It is currently over 10.00 and up over 240% YTD.
You want to be in Gold and Platinum in my opinion right now. Gold for the monetary hedge and Platinum for the nearish to mid-term future explosive growth. Silver is correlated to Gold and more volatile, so investors can make an informed choice.
- zSplit
Platinum has certainly been the loner of precious metals for any sort of 'big move' however, that should change in 2020. I have heard several reports that there is significant demand rising in Asia for Platinum in terms of jewelry and other uses which will drive the price higher when the big whales decide to take it as such.
Also interestingly enough, Platinum is also "rarer" and "harder to mine" compared to Gold. From the past technicals we can see when Platinum starts to go - it really goes.
While Gold is clearly the most well-known monetary hedge, my bet is on Platinum making the most significant run in 2020 in terms of percentage yearly gain. Considering how suppressed it is, all it needs is a little boost to send it soaring.
For those who have followed my ideas, I have been harping on Impala Platinum for the last 6 months back when it was 6.00. It is currently over 10.00 and up over 240% YTD.
You want to be in Gold and Platinum in my opinion right now. Gold for the monetary hedge and Platinum for the nearish to mid-term future explosive growth. Silver is correlated to Gold and more volatile, so investors can make an informed choice.
- zSplit
