The Platinum Group Metals (PGMs) – platinum, palladium, rhodium, ruthenium, iridium and osmium – are a family of six individual elements that are chemically, physically and anatomically similar. They have unique properties and are used in many industrial processes – making, for example, auto-components, electronics, fertilizer and glass – as well as in medical treatments.
Chart of the week from Ryan Giannotto…. At current rate, will Jeff Bezos’ wealth surpass the GDP of the US? It could happen in ~30 years.
Will Rhind, CEO of GraniteShares, discusses gold and oil with hosts Lisa Abramowicz and Paul Sweeney.
The S&P 500 index, down 2.4% on Monday on renewed U.S-China trade tensions, regained most of its losses through Friday as off-again-on-again optimism of U.S.-China trade progress along with President Trump’s delay of EU and Japan auto tariffs moved the S&P 500 of its lows.
Historically, platinum has been known as the “Rich Man’s Gold,” trading at an average premium to gold of $132 over the last 30 years. Will the current $449 discount to gold ever revert to the long-term average?
NEW YORK CITY, NY – GraniteShares announced today a 10 for 1 forward share split for GraniteShares Gold Trust (BAR). The split will not change the total value of a shareholder’s investment.