Years ago, platinum’s nickname was “rich person’s gold,” as the rare precious metal commanded a premium to the yellow metal. I asked if platinum’s rally would continue and if it could become rich person’s gold again in a late-July Barchart article on the platinum market, when I concluded:
Platinum remains in a bullish trend, with plenty of upside room before it approaches the 2008 all-time high. Given gold’s ascent over the past years and platinum’s liquidity constraints, platinum could head back to its former position as “rich person’s gold.”
