A lingering mine strike in South Africa and sanctions against Russia could restrict the global platinum supply, pushing platinum prices higher. More
- Poll of the Day
One of the precious metal commodities, platinum has value in both manufacturing and jewelry, making it one of the most demanded resources on the planet. As sanctions on Russia increase and as global supply on platinum decreases, the price of platinum is expected to soar in the near future. For investors, that means platinum could produce a nice return if it is invested in soon. Platinum can be bought on the New York Mercantile Exchange (NYMEX:PL) or through funds like Vanguard Precious Metals And Mining Fund Investor Shares (MUTF:VGPMX) and iPath DJ-UBS Platinum Subindex Total Return SM ETN (NYSEARCA:PGM).