Savvy investors tend to avoid greed-based buying during times of economic uncertainty, and if you talked to our clients they would tell you just how unstable our economy is right now.
FORT WORTH (PRWEB) August 29, 2014
The Certified Gold Exchange has issued a Platinum Price Advisory after the publication of a Bloomberg article that noted a lack of interest in U.S. mint platinum coins in comparison to gold and silver coins produced by the official U.S. government mint. From her office in Fort Worth on Tuesday Certified Gold Exchange spokesperson Janet Jones spoke about the risks of platinum coin investing.
“Gold and silver have established and stable investment markets, while platinum remains largely an industrial metal,” Jones said. “The platinum price has been rising due to interest in platinum ETFs and derivatives instruments, but that could change overnight, just as it did a couple of times last year.”
Jones says the majority of her company’s household investors have been purchasing gold and/or silver. “Savvy investors tend to avoid greed-based buying during times of economic uncertainty, and if you talked to our clients they would tell you just how unstable our economy is right now. Many of our clients are small business owners, retirees, teachers and government employees, and they are buying precious metals to protect what’s left of their portfolio, not to get rich quick.”
The U.S. Mint has sold just 13,600 ounces of platinum in 2014, including zero in the month of July. By comparison, a total of 313,500 gold coin ounces and 27.71 million ounces of silver coins have been sold by the U.S. Mint so far this year.
Certified Gold Exchange, Inc. is one of North America’s premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating. For more information or a free “Gold Investor’s Guide,” visit https://www.certifiedgoldexchange.com or call 1-800-300-0715 today.