Matt Badiali and the Perfect Time To Own Platinum

When Matt Badiali obtained his Geology Master’s Degree from Florida Atlantic University, he probably could not see himself as one of the most successful investors in the natural resource industry. That, however, changed as this investor now spends time advising other on how to be as successful. He is certainly qualified to do so since he has visited over a dozen countries on his path to profitability and gained experience that rivals almost any level of education.

Badiali writes for the Banyan Hill where he has spent the last 11 years advising strangers on how to invest their money. Given that he is a geologist, the main area of expertise he focuses on are precious metals, oil industry, and other geology-oriented categories.

One of the latest investment must-dos from Badiali is dealing with platinum. This is the heaviest of all metals and is almost two times heavier than gold. Due to its density and the fact that it is almost 10 times less mined than gold, it has traditionally held a higher price. In the more recent years, however, Badiali cites another metal called palladium as the new high-priced commodity that has pushed platinum out of the picture. Click on this to read an articles about The Third-Most Important Base Metal Is About to Rally:http://retirementmillionairedaily.com/the-third-most-important-base-metal-is-about-to-rally/

Nowadays, palladium is used mostly in the car industry where 80% of its total supply go. This used to be the platinum-based enterprise up until prices of this metal became too high for auto manufacturers. To reduce their costs, they decided to turn to palladium. As it is often the case with high demand, however, this increased need for palladium has sent its prices up. Currently, one is going to have to spend more on purchasing one ounce of palladium than one ounce of platinum. For reference, Badiali has not seen this happen since 2001.

By sticking to the pattern already seen, this increase in palladium will inevitably cause investors to turn back to cheaper alternatives. Thus, platinum might be growing back to its prominence as soon as car manufacturers decide that spending nearly $1,000/ounce for their supply of palladium is not price-efficient. After all, this is one of the rare times when platinum is less worth than gold, which indicates growth at some point in the future.

Badiali advises that those who purchase platinum right now will likely pay less for it than those who wait. Postponing this decision will let the price rise and profits will be significantly reduced. Read more:https://banyanhill.com/expert/matt-badiali/