How to Profit From the Metal That’s More Precious Than Gold

Gold set another new record yesterday (Wednesday), closing above $1,300 an ounce for the second-straight day. The London Bullion Market Association - at its annual conference this week - projected that the "yellow metal" would advance to $1,450 in the next year. With the U.S. Federal Reserve, the Bank of England (BOE) and the Bank of Japan (BOJ) all having near-zero interest rates and moving toward more "quantitative easing" - pumping money into the global economy - the case for gold looks more convincing than ever. Yet there are other precious metals that stand to benefit from the same inflation-hedging-related demand that's driving gold to record after record. One particular metal right now looks to be an even better investment than gold. It is favored by Chinese investors and is benefiting from soaring industrial demand. Unlike gold or silver, this particular precious metal has risen only about 6% this year, and remains well below its 2007 peak. The metal I'm talking about is platinum.