Invest in the precious metal that could outshine gold

Any balanced portfolio should contain a significant proportion of precious metals. But investors should look beyond the obvious to another metal that's looking more attractive than gold these days.

I have long been a fan of platinum as an investment. I even launched the world's first newsletter devoted to it in 1988, with a subscription uniquely priced at one ounce of the metal. It failed -- at that time hardly anyone was interested in investing in platinum.

Today it's a different story. The six platinum group metals (PGMs), of which platinum and palladium are the most important, are attracting increasing investment interest.

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