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Will Rhind, ETF Securities managing director, on why he is telling investors to focus on platinum and palladium rather than gold.
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Will love it though well Ryan managing director ETF securities says putting money into gold now -- cause investors.
Well essentially to miss out on a looming price search for two or -- -- -- precious metals question is.
Which one of those we around and how will also -- right well thank you for joining us you don't like gold why.
Well think right now it's not that we don't like gold but.
POC ordering -- people focusing perhaps a bit too much on gold.
And we think that sound -- some of the other metals in the complex right now are actually exhibiting better fundamentals particularly platinum and palladium.
OK so let's get to those platinum.
What is going to be the big driver for that obviously electronics in auto but palladium has very much the catalytic converter ought to play.
Yeah exactly if you look at the metals complex precious metals for this month.
If palladium is actually being the best performance.
The reason why platinum palladium are -- is because that primarily industrial metals so they used.
Principally for catalytic converters in concert every new car has a catalytic -- to clean the admissions.
Diesel cars predominantly platinum based -- convinces.
Gasoline engine cars which is the majority of the fleet here in the US and that small palladium.
Are you worried about the state of the consumer right now literally in the US on the global scale mean is very much people don't buy -- then these.
Metals ultimately going to be -- That that's exactly right there's a huge correlation between.
The prices of the metals and the global car market -- sales of costs.
Sales and I should be pretty robust have recovered a -- Foster I think than people expected in 2000 names.
So we've see pretty strong numbers here in the US.
And strong numbers in China China is the largest car market in the world now.
So -- the US a couple of years ago and the growth in that market is phenomenal the number of vehicles component in China per thousand people right now.
A well under fifty here in the US is about 800 -- credit.
You know it's it's where people were with Smartphones a year or two ago imagine the possibilities of every China.
Man and woman getting in their -- of that okay.
But you just have been showing cycling through some exchange traded funds are those the best ways for our investor viewers to be getting into something like palladium.
The certainly one of the best ways.
With something like palladium and platinum.
-- fairly limited coins or physical bonds so what the ETF gives is access in the form of fishermen to -- price.
All of the particular -- and of course you can trade it just as easily as any of the share new brokerage account.
-- hope on a second Green Mountain Coffee Roasters just opened if we could take the chart right now we can say.
It is.
Plummeting -- plummeting right now closing -- was 49.
52.
But the issue with the Green mountain was that -- -- -- on the top -- the bottom -- rather -- they had a huge -- and revenues huge -- revenues there -- almost -- hundred million so it's trading once again Green mountain coffee on the move to the downside are well let me just -- back to -- quickly -- what is you what you say is -- stuck in -- I -- I've noticed that there's more FOMC members now saying we don't need any more stimulus.
Is that just another huge hurdle for the gold market to overcome.
I think -- and certainly right now what the gold market is looking for is some kind of catalyst.
You know it's certainly to send prices further to the upside that we are right now and and that probably.
Will come -- some.
Form of quantitative easing stimulus what have you write one of cool it and right now and with the economy getting back to here in the US.
It's looking like let's have.
-- better performance from the pro cyclical metals and less from gold.
However if the numbers on Friday the employment numbers come in worse than expected.
And we see here the door opening perhaps.
To further stimulus that should be go positive.
Good to see you will thank you very much and interesting enough there are -- companies that are thinking about how to play Arianna pylori.
Actually.
And ten collate -- Tiffany here -- come very much rightly.
