Rick Rule is chairman & founder of Sprott Global Resource Investments.
By Rick Rule
Uncommon Wisdom
In recent months, a lot of my attention as an investor has been on a particular pair of precious metals: platinum and palladium. We expect the demand for these metals to go higher because it is increasingly used in automobiles and industrial processes. Yet, the supply is already having trouble keeping up.
I believe this unique situation could prove profitable.
I recently spearheaded the creation of the Sprott Physical Platinum-Palladium Trust. We raised $280 million — mostly from mainstream investment banks.
Creating this platinum-palladium trust was a natural next move for us thanks to the success of its predecessors, the Sprott Gold Trust and the Sprott Silver Trust.