Reported about 1 month ago
Robert Minter, director of ETF investment strategy at abrdn, expresses skepticism about buying platinum bars from Costco despite their appeal as investments. He points out that high selling costs, potentially over 10%, can outweigh the benefits of cashback offers. Minter suggests that ETFs are a more prudent option for platinum investors given the current weak demand linked to electric vehicle adoption.
Source: YAHOO