Factor in the sources of mined platinum. South Africa is the largest source by FAR. Then comes Russia. So consider that sourcing from either one or BOTH could get a lot harder in the years to come. I would imagine China to be making plays to South Africa as a buyer/owner of their platinum. The sourcing of platinum on a geo-political spectrum could be the reason why it's not doing that well vs. gold. Gold is more ubiquitous around the world. If any one country slows down or changes their gold exporting......others take up the slack. The politics and economy of South Africa is the key player here.
I remember reading about the difficulties that the S. African mines have because of their depth and problems with the buildup of underground heat, and with the unreliability of the power grid. I'm sure that it's only getting harder and harder to recover Pt in S; Africa. I don't know how easily-mined the Russian mines are.
Did anyone catch the article on Kitco about the new gold/platinum alloy that's supposedly really tough down to the atomic level?
Q: Are You Printing Money? Bernanke: Not Literally
They don't call it overpriced gutter for nothing. Good luck finding a dealer willing to pay 10% back of spot for the coin you just paid 30% over for. Why settle for a 40% decline on the dollar over 50 years when you can settle for the same result 5 minutes into a Pt purchase? SMH! Barnum said it best, SKRS!!!
Right now bullion dealers are offering around 3% over spot on eagles, and selling for around 15% over. Not absurd when compared to the more liquid gold eagles at 1%/6%. But nowhere close to a 40% spread. Not to mention that only one of the two metals is considered critical to the US economy and national security.
Did anyone catch the article on Kitco about the new gold/platinum alloy that's supposedly really tough down to the atomic level?
I saw something like that recently, but I think it probably the same Sandia research dating back to 2018. Maybe news regarding increased application demand? The part about producing a self-lubricant was interesting. These would be mostly tiny electrical contacts, but what if someone applied it to things like bearings in high end engines, etc?
Comments
https://www.moneymetals.com/1-10-platinum-britannia-coins/287
https://www.moneymetals.com/buy/platinum/platinum-jewelry
Platinum is showing signs of a comeback since mid-February. Getting closer to a one year high with good momentum.
My US Mint Commemorative Medal Set
Platinum is definitely acting like an industrial metal - a scarce one.
I knew it would happen.
I'm not into plat coins, but to do manage my position in PPLT. Up 3.14% today so I sold some.
Factor in the sources of mined platinum. South Africa is the largest source by FAR. Then comes Russia. So consider that sourcing from either one or BOTH could get a lot harder in the years to come. I would imagine China to be making plays to South Africa as a buyer/owner of their platinum. The sourcing of platinum on a geo-political spectrum could be the reason why it's not doing that well vs. gold. Gold is more ubiquitous around the world. If any one country slows down or changes their gold exporting......others take up the slack. The politics and economy of South Africa is the key player here.
RR-fair point to consider, though I imagine South Africa will continue to sell to the highest bidder.
I remember reading about the difficulties that the S. African mines have because of their depth and problems with the buildup of underground heat, and with the unreliability of the power grid. I'm sure that it's only getting harder and harder to recover Pt in S; Africa. I don't know how easily-mined the Russian mines are.
Did anyone catch the article on Kitco about the new gold/platinum alloy that's supposedly really tough down to the atomic level?
I knew it would happen.
They don't call it overpriced gutter for nothing. Good luck finding a dealer willing to pay 10% back of spot for the coin you just paid 30% over for. Why settle for a 40% decline on the dollar over 50 years when you can settle for the same result 5 minutes into a Pt purchase? SMH! Barnum said it best, SKRS!!!
The whole worlds off its rocker, buy Gold™.
Right now bullion dealers are offering around 3% over spot on eagles, and selling for around 15% over. Not absurd when compared to the more liquid gold eagles at 1%/6%. But nowhere close to a 40% spread. Not to mention that only one of the two metals is considered critical to the US economy and national security.
I saw something like that recently, but I think it probably the same Sandia research dating back to 2018. Maybe news regarding increased application demand? The part about producing a self-lubricant was interesting. These would be mostly tiny electrical contacts, but what if someone applied it to things like bearings in high end engines, etc?