Go Symbol Lookup
Loading...

CNBC Poll: Which Metal Play Is Best?

 Text Size  
Published: Monday, 29 Aug 2011 | 3:42 PM ET
By: Jennifer Leigh Parker,|Writer

From the popular precious metals gold and silver to niche plays like copper, palladium and platinum, which metalwill be the best investment?

Conventional wisdom on Wall Street says it's a question of whether you're bullish or bearish on the economy.

Bulls favor platinum, palladium and copper because they are industrial metals linked to economic growth and move in the same direction.

Bears, on the other hand, are wary of the global economic downturn and are seeking a safe haven. Thus, for the past several years they've been buying gold and silver hand over fist, betting they will appreciate as the dollar falls.

Spot gold went from hovering around $910 per ounce in the summer of 2008 to hitting this year's all time high of over $1,900 per ounce. Silverprices were also up to over $40 per ounce from $17.

Niche metal spot prices have also risen dramatically, but trading volume is significantly lower.

Palladium for instance, hit $833 per ounce up from $445 per ounce two years ago.

While some think precious metals are a better safe haven than U.S. Treasurys, others are betting on the intrinsic value of these commodities. What's your bet?



 Print
From the popular precious metals gold and silver, to more niche plays like copper, palladium, and platinum, which metal will be the best investment going forward?
  Price   Change %Change
SILV/USD ---
GOLD/USD ---
PALL/USD ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments: