영애보석

Well ~ ~ Boss kind and nice 1

I'm sorry, I should have explained in detail, but I hope you have a good day.

A wide range of products from precious metals to rare earths to industrial metals are attracting investors' attention. We have introduced a variety of ETFs that deal with the products that fall into this category. Today, I would like to introduce two more ETFs that focus on platinum. Platinum belongs to the platinum group element consisting of "six kinds of elements that are structurally and chemically similar, and are used in a wide range of fields such as industrial, medical, and electronic devices." Other metals belonging to the platinum group include palladium, rhodium, iridium, osmium and ruthenium, and are mainly found in the crust in the form of nugget or grains. The largest producer of platinum is in South Africa, where 80% of the world's platinum is stored. Other than that, it is also produced in Russia, Zimbabwe, the United States, and Canada. The Royal Society of Chemistry says about platinum: "Platinum is widely used in jewelery, but its main use is in catalytic converters such as cars, trucks and buses, and about half of the demand is generated in this area every year." The catalytic converter serves to purify the exhaust gas of the vehicle. It is also used in the chemical and electronics industries, "It is used in the manufacture of optical fibers and LCDs, turbine blades, spark plugs, pacemakers and dental fillers. Platinum compounds are also used as important anticancer agents." As platinum is used in various industries, it is sensitive to business cycles. It also acts as an inflation hedge. With these characteristics in mind, I will introduce two ETFs operated by Standard Life Aberdeen (LON:SLA, OTC:SLFPY). 1.Aberdeen Standard Physical Platinum Shares ETF Current price: $113.25 52-week price range: $68.01-$122.48 Expense payment ratio: 0.60% The Aberdeen Standard Physical Platinum Shares ETF (NYSE:PPLT) holds a London-based vault and platinum real, providing investors with exposure to the price movement of the platinum real. The auditing officer visits once a year on a regular basis and once unexpectedly to conduct an audit. It began trading in January 2010, with total assets exceeding $1.5 billion. PPLT Weekly Chart PPLT Weekly Chart The World Platinum Investment Council presented data that "Platinum investment has succeeded in attracting great interest in 2020. The growth in demand is expected to reach 3% in 2021." PPLT has risen about 12% this year. As can be seen from the recent gold and silver movements, the price of precious metals is highly volatile. Platinum spots are currently trading at $1,200 per troy ounce. This price range is likely to act as a resistance line sooner or later. However, if you are an investor with a long-term perspective of 2 to 3 years, it is worth trying to buy a low price. Note that platinum reached an all-time high of $2,308.80 per troy ounce in March 2008. At the time, the price of spot gold was around $1,000. Currently, gold is in the $1,770 range. Numerous analysts have suggested that platinum prices are currently relatively low, and that as a precious and industrial metal, there is a possibility of a much higher rise. 2.Aberdeen Standard Physical Precious Metals Basket Shares ETF Current price: $97.01 52-week price range: $75.79-$105.13 Expense payment ratio: 0.60% The Aberdeen Standard Physical Precious Metals Basket Shares ETF (NYSE:GLTR) is investing in four types of precious metals. As of March 31, it has 661 gold bars, 506 palladium bars, 264 platinum bars, and 10,015 silver bars, all of which are being kept in a safe located in London. It began trading in October 2010. GLTR Weekly ChartGLTR Weekly Chart As of the same day, total assets amounted to $865,740,048.2. Gold ($1,691 per ounce, $449,818,444.3 total), followed by palladium ($2,625 per ounce, $139,637,539.10 total), platinum ($1,182 per ounce, $41,899,404.8 total) and silver ($24.0 per ounce, total $234,384,660). Palladium is also called the sister metal of platinum, and, like platinum, is widely used in catalytic converters, precious metals, electronic devices, and dental medicine. It has been confirmed that theft of catalytic converters has increased significantly in the US and UK due to the rising prices of platinum and palladium. We have presented a position that gold and silver will remain strong for the remainder of 2021. For investors who are burdened with investing largely individually in platinum and palladium, it would be a good idea to consider investing in a more diversified fund, GLTR. --Translation: Yeji Lim/Investing.com Korea