| In January, platinum, the rarest of all precious metals, rose to a record high of $1085/ounce, as hedge funds and investors bought the metal used in jewellery and catalytic converters for cars to diversify their portfolios and seek high returns. With precious metals now being considered once more as an important asset to have in a properly diversified individual or institutional portfolio, due to their counter cyclical nature, Mark O’Byrne assess the outlook for platinum, and evaluates its performance compared with gold and silver. |
