Flick, Impala is also the largest producer of palladium. Platinum, palladium and rhodium are all mined together in what is called The Platinum Group of metals.
Your concern about trading Impala makes sense. The problem is, there are not many alternatives. You can buy SWC, and I have owned it until recently. It is an American producer and is listed. The problem is, it is no longer underpriced, especially relative to South African producers. It is also a very minor player.
Another way to play it is through a precious metals fund. The problem with that is the fact that most are dominated by gold and you don't get much platinum specific representation. I like gold, but I like platinum, palladium and rhodium much better.
So, I buy Impala when it is down and just take the spread as a cost of buying. It is not especially liquid and you cannot borrow against it. Those are negatives, though I suggest that nobody buy any stock if there is a chance that you have to use the cash in a hurry.
I like titanium when the stocks are near their lows. They have rallied a bit here, so I am not buying. I want the price where I buy to reflect the Boeing troubles.
MB |
