I don't trust platinum, either, CW. If you bought platinum in 1/2008, it would be worth less today than 4+ years ago. And unlike Ag & Au, Pt never came close to reaching its all-time highs during the PM run-up in 2011. Perhaps it's mainly an industrial metal that's being phased out of the industry with the availability of less costly alternatives.
Well said, traevin. I remember that other insightful post you made in another thread that Pt substitutes are now being used by the automotive industry. THAT fact alone represents a major decline in Pt demand. It's easy to forget; the world is constantly changing and the historical relationships between PMs will not always hold true all of the time.
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