Platinum is still 20% below pre-credit crisis highs while gold and silver is approximately 80% higher. This deviation from historical means will not last forever.
Platinum has been significantly overlooked and undervalued.
Gold bullion prices fell as London opened on Tuesday, but held steady for the rest of the morning around $1,610 per ounce - 0.8% off Monday's all-time high. Silver bullion prices were also steady, hovering around $40.40 per ounce - up 0.8% from Friday.
Harmony Gold Mining's management was bullish about prospects for the gold mining industry, both in South Africa and Papua New Guinea, as the gold price had risen in almost all currencies except the dollar and yen, Harmony CEO Graham Briggs said yesterday.