Platinum in the Spotlight

The 2016 Platinum Eagle showed unprecedented demand with the U.S. Mint already selling out of 19,000 coins in record fashion. While this was indicative of how hungry investors have been for a new platinum coin from the U.S. Mint, it’s also a sign of the rising demand for platinum. According to some analysts, including those at Citi Research, investors are making the switch into precious metals with room to grow, such as platinum and palladium.

Platinum wrapped up one of its best performing months in recent history. Yet it still continues to be priced below gold. Over the past year, we have stressed the importance of the gold and silver ratio (GSR), but the gold to platinum ratio (GPR) is just as compelling.

Historically, platinum has been valued at 1.2 to 1.3 times the value of gold on average, as it should be. After all, platinum is considered over 10 times rarer than gold.

However, in 2014, this ratio reversed! Platinum is now worth about .8 to .9 times the value of gold. This has only happened a few times in history. Prior to this time, platinum remained at a discount to gold for days or weeks, not years.

Unlike gold, platinum has strong industrial demand, with significant demand from China for automobiles. Coupled with ongoing mining woes in South Africa, where the majority of platinum is mined, the skewed GPR should continue to correct to normal levels.

Platinum is the 3rd best performing asset of 2016 so far, and shows no sign of slowing down. There are still opportunities to take advantage of platinum, at a discount to gold. The Austrian Mint recently released a platinum version of the popular Austrian Philharmonic coin, the first time they have ever minted this coin in platinum. One of the most beautiful coins in the world, it is adorned with the Great Organ of the Golden Hall in Vienna’s concert hall, and an assortment of musical instruments on the reverse.

We are proud to offer the first year of issue 2016 Platinum Austrian Philharmonic coins at just 7.35% over spot!

Please call 800-831-0007 to place your order today!

 
*Prices and premiums subject to market fluctuation and product availability. Free shipping available, call for details. Offer expires August 12, 2016.