Newfound Popularity Of Platinum And Palladium

Although gold benefitted in '09, the new hot precious metals are platinum and palladium. As explained in the Telegraph article, the two white metals are expected to benefit from inflation combined with recovery. The two have more industrial uses than gold, particularly in cars.


The story seems sound enough, but the excitement is enough to make a contrarian wary. Both platinum and palladium have had big run-ups lately, at a time when gold's been mostly stagnant; those run-ups combined with their newfound publicity suggest they may be overbought.

At any rate, platinum did scoop the thunder from gold earlier this year.