IBD likes platinum; not gold or silver

Platinum has outperformed gold and silver in the short-term and over the past year. That bodes well for the future of the industrial metal.

And the newspaper gives five reasons why:

  1. Platinum has outperformed gold and silver in the short-term and over the past year.
  2. Strong car sales mean higher platinum prices, particularly since 40 percent of mined platinum goes into catalytic converters.
  3. Mine strikes in South Africa have seriously dampened platinum supplies.
  4. Mining costs have out-stripped platinum prices for a lot of companies – a fact that will likely lead even more producers to cut their platinum output.
  5. Growth in China means more platinum jewelry sales.

Source: Investors.com.

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