>Invest in Platinum: 2009?

Written by sudha on January 5, 2009

>At face value, it seems that now is the right time to invest in platinum when you consider the highs and lows of the past 52 weeks. Platinum reached an all-time high of just over $2,300 per ounce in March of 2008 and today tries to hold firm around $940 an ounce–a 60% drop from its primordial heights of 1st quarter 2008.

But a New Year is upon us and things are already beginning to change. With the news of the bloody conflict in the Gaza strip, precious metals prices got a jump-start during the last few days of 2008. Platinum was actually struggling in the mid-800s before the news of increased instability and the breach of the cease-fire in the Middle East.

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