Matt Badiali: Platinum Is Poised for Strong Growth

Banyan Hill Publishing Company is well known for producing some of the most widely read investment advice articles in the United States of America. Matt Badiali has been a member of Banyan Hill Publishing Company for a number of years. He has over 20 years of experience investing in the natural resources industries. He is also a trained scientist and has graduated from Florida Atlantic University with a Master’s degree in geology. He is the lead editor for Real Wealth Strategist where he advises his readers on potential investment opportunities that he has found within the natural resources and commodities industries. Read this article at Seeking Alpha.

He is currently written about some recent trends that he has taken note of in the platinum and palladium markets. Both of these metals have important uses within the economies of the developed world. Palladium has seen a price increase of more than 100% since 2016 thanks to rising demand that has quickly outstripped its supply. Just the same as any other investment as demand outpaces supply the price of the investment will grow very quickly.

The biggest and perhaps arguably most important factor in the increasing demand for the market of Palladium is the automobile industry. Vehicles consume 80% of the palladium supply. Palladium is used primarily in catalytic converters. A catalytic converter is used in order to chemically alter pollutants that are present in the exhaust into less toxic compounds. Platinum has been used for the same purpose in the past but due to its rising price Palladium was used as a replacement. Platinum is still used in most diesel engines.

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Thanks to the rising popularity of gasoline engines Palladium is now more expensive per ounce than platinum. It is important to take note of the trends and prices of the two metals. Palladium has experienced quite a bit of growth in the past year; however, platinum has not. Matt Badiali believes that this is an important indicator that in the near future platinum prices will increase. In the past, it was possible by 2 ounces of Palladium with just 1 ounce of platinum. As of today, this trend has been reversed. However, the supply of platinum is continuing to decrease as most of the precious metals supplies are found in only a few mines which are quickly running out of stock. By synthesizing all of the available data, it is quite easy to see that platinum is one of the biggest potential growth sectors of the commodities market today. Read this article at Banyan Hill.

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