http://seekingalpha.com/article/227899-how-to-profit-from-the-metal-that-s-more-precious-than-gold?source=dashboard_stocks-sectors

conclusion

The Search for Suppliers

More than 80% of the world's platinum is mined from South Africa and Zimbabwe, neither of them known for efficient mining techniques or secure property rights. Another 10% comes from Russia (enough said!).

That makes investment in a platinum mine rather unattractive. There is one decent-sized North American mining company in the field, Stillwater Mining Co. (NYSE: SWC), which mines both platinum and palladium in Montana. But Stillwater shares are currently trading at about 67 times earnings - scarcity value will do that!

Indeed, analysts at the London Bullion Market conference just predictedthat platinum prices would advance 15% next year, but those conferees are often overly cautious (last year, for instance, they predicted that gold prices would be at only $1,182 today). So this precious metal should provide investors with a handsome return in the New Year.

Action to Take: Given the risk facing overseas platinum miners and the stratospheric valuations of North American platinum miner Stillwater Mining Co. (NYSE:SWC), it's clear that the best route into platinum is the metal itself. That means it's time to look at an exchange-traded fund (ETF) - the ETFS Physical Platinum Shares (NYSE: PPLT).

PPLT has only been around since January, but it has a relatively low 0.60% expense ratio. In June, the size of PPLT exceeded its authorized maximum of 4.78 million shares (about $750 million at current prices), so it's already large enough to be plenty liquid.