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Etf Name | Etf Symbol | Market | Stock Type |
---|---|---|---|
Wt Physi Platin | PHPT | London | Exchange Traded Fund |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
87.29 | 87.08 | 87.95 | 87.405 |
Top Posts |
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Posted at 17/11/2009 12:29 by dasv PHPT and platinum market overview... |
Posted at 11/3/2008 16:51 by dasv no?you predicted support 160. whatever. it doesn't matter. I agree PHPT is still worth holding. SA Power probs are long term, plus emerging market demand for auto-cats etc. |
Posted at 12/2/2008 10:28 by dasv mmmm rhodium...have to think about that one. I also hold phpt. SA will take years to fully sort out its electricity supply. It's been completely mishandled by the government: it was known supply wouldn't meet demand by 2008 yet they sat on their hands. This makes platinum as an investment a better/safer bet than SA based platinum producers IMHO as the market is currently extremely intolerant of trading updates which have revenues below analyst expectations even if margins improve. I will continue to add PHPT on dips and also like the idea of PHPM. (I also hold AGGP and PHGP). Good luck all. |
Posted at 07/2/2008 23:48 by george62 Am also a holder of PHPT. Tho the platinum price may seem toppy to some, I think people are underestimating the extent and duration of the supply-side problems in South Africa due to their fundamental power problems which ain't going to be rectified any time soon and, with 80% of world supply coming from S..A, platinum could spike a lot higher yet. The fact that the world's second biggest supplier is Russia also poses potential supply-side problems. All looks positive for the price to me. |
Posted at 07/2/2008 21:07 by sharpshare My current personal favourite is PHPT (allowable in SIPPs and ISAs and normal broking accounts)Physical platinum ETF. Why? Because demand is now exceeding new mine supply in a very very thin market + investors are hoarding bars competing with car buyers. PHPT holds about 230,000 ounces up from nothing a year ago which is about 3.5% of world demand just in 1 fund. (90,000 ounces added in last 3 weeks) Oh and the biggest producers in the world in South Africa do not have enough electricity anymore. Just wait until the Americans are allowed their own platinum ETF. Okay the platinum price is at an all time high of USD 1,840 per ounce (still way below inflation adjusted high) and is in a bubble, but I think it could go a lot higher before crashing. Not racy enough? Have a look at Rhodium at USD 7,500 per ounce. |
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