Sprott Physical Bullion came out with this cool infographic on platinum and palladium. Basically, the story is that continued demand for platinum and palladium, whose supply is decreasing, will keep their prices up, along with gold and silver.
Also notice how China is a big factor in keeping up demand for platinum and palladium. This goes to show that it isn't the West that is dictating matters in the world, and in fact it hasn't been the West for quite some time.
The low-supply-high-demand story is actually the same story for silver, except of course silver, platinum and palladium do not have the same industrial uses. Nonetheless, they are all necessary in today's modern world, and they will be bid up in price to the degree that they are needed.
More unique to platinum and palladium is the labour troubles and political uncertainties constraining their production. Much of the production is done in Africa, a good portion of which has long been troubled. Whether or not things get better in the region, the continued production of platinum and palladium will be a must.
Platinum has a long way to go before outshining gold or silver, but it is no doubt becoming more popular, by the month.
Click below to see the full-size infographic!
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