However, the disadvantages of investing in platinum are also very prominent: firstly, platinum has not been regarded as a general equivalent in history, and its recognition as a safe-haven investment product is relatively low; secondly, platinum is more expensive, with higher investment thresholds, and higher transportation and storage requirements. Cost; third, the current shock wave of the international financial crisis is still continuing, gold as a global reserve asset is still strong, while platinum is more dependent on market demand and industrial demand, and its price risks further deviating from gold; fourth, gold , Silver investment is relatively mature in China, with many channels and wide coverage. However, most investors are not yet familiar with the nekitco precious metals newsw thing of platinum investment, and the acceptance remains to be seen.
On the evening of December 14, the XAGUSD spot silver price rebounded and went up around 20:40, but it turned sharply after 21:00, dropping from around 6140 to below 5900. During this period, there were many investors in Tiangui. It reflects that it was unable to operate due to a failure of the trading system, and some investors were forced to liquidate their positions due to liquidation, and only some investors who set stop-loss and take-profit points were spared.
According to statistics, at the current price level of 100 yuan 30 years ago, only 15 yuan of goods can be purchased. What about 30 years later? High prices and ineffective deposit interest rates have caused a serious shrinkage of the public’s assets. Countless investors have begun to pay attention to ways to fight inflation, not to make huge profits, but to maintain and increase the value of hard-earned money. From the historically high real gold and silver, the issuance of popular financial products, to the traditional stock market and fund investment, which method will become the investment keyword of the common people in the second half of the year?
Yesterday’s data showed that the Purchasing Managers’ Index for the service industry in the UK in July was 60.2, a significant increase from 56.9 in the previous period. The subsequent US July ISM non-manufacturing index recorded 56, which was significantly better than the expected level of 53.1, compared with the previous value of 52.2. The good data has boosted market concerns about the Fed's premature reduction of asset purchases. Affected by this, the spot gold price fell sharply from an intraday high near $1320, and once fell below the important support of $1,300. Underneath it was supported by buying and rebounded slightly. Yesterday, it closed at 1303.60 US dollars, down 9.4 US dollars, or 0.72%. The disappointing U.S. non-agricultural data last Friday put the dollar under pressure and at the same time boosted gold to stay above $1,300. However, the unemployment rate of 7.4% has reached the lowest point since the 2008 financial crisis. According to Fed Chairman Bernanke’s earlier testimony in the Senate and House of Representatives, the timetable for the gradual withdrawal of quantitative easing will depend entirely on the performance of economic data in the future. If the economy recovers steadily, the scale of asset purchases may begin to be reduced soon; if the economic recovery is repeated or stagnant, the original scale will remain unchanged, and the scale of purchases may be further expanded when necessary. Although the exit timetable that the market has been looking forward to has not been clearly given, this has not affected the continued bearish attitude towards gold. A report by the United States Commodity Futures Trading Commission (CFTC) showed that as of July 30, non-commercial long gold positions were affected by profit settlement and decreased by 6.5% to 65,517 hands, while short positions increased by about 6.8%. As of August 6, the world's largest gold ETF-SPDRGOLD Trust has reduced its holdings from 10.21 tons to 917.14 tons this month. In addition, a senior Federal Reserve official said on Monday that after the unemployment rate data fell in July, the Fed's plan to gradually withdraw from large-scale bond purchases is very close. Since July, gold has risen by nearly 6%, and recorded the largest monthly increase since the beginning of 2012. However, the continuity and momentum of this rise are both insufficient. It can only be regarded as a small-scale correction to the previous sharp decline, not a rebound, let alone a reversal. Technically, yesterday's downturn caused gold to fall below the lower track of this ascending channel, and the future will mainly be biased towards the downside. There is some buying support near 1298, which is expected to protect the price to a certain extent. But below it, there will be a large number of long stop loss orders. If it breaks below the 1298 line, it will trigger the stop loss order to take effect, thereby intensifying the downward speed. This week, data and news are scarce. Follow the Cleveland Federal Reserve President Pianalto's speech during the week. If this year’s hawkish speech continues, it will boost the U.S. dollar; if it involves any support for the Fed’s current monetary policy decision, it will benefit gold and put the U.S. under pressure.
Yesterday, Johnson Matthey released the "Platinum 2012 Interim Yearbook", saying that due to the substantial reduction in supply and the reduction in the recovery of automobile exhaust purification catalysts, the platinum market will turn from surplus to shortage in 2012. The severe interruption of platinum group metal mining is expected to reduce sales in South Africa, resulting in a 10% drop in global platinum supply to 181.6 tons. The total demand will remain stable at 251 tons, coupled with the decline in recycling, so the market will be short of 12.4 tons.
On the same day, the price of silver kitco precious metals newsfutures for delivery in May rose 21.5 cents to close at 30.746 US dollars per ounce, an increase of 0.7%. The price of platinum futures for delivery in July fell 8.2 US dollars an ounce to close at 1548.1 US dollars, a decrease of 0.5%.