Platinum

Discussion in 'Platinum' started by Ronnie 666, Sep 19, 2011.

  1. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Good Deal - those who have no platinum exposure should grab it with both hands !
     
  2. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Pt was $60 less than gold - now it's only $10 less than gold. Soon more than gold ?
     
  3. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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  4. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Probably be nationalized - no private corporation will buy it. Just my take.
     
  5. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I would imagine so too. This news comes on the back of Glencore selling it's platinum play in Lonmin too! Somethin's up.
    I hear talk of the RSA Govt. talking about declaring coal a strategic material FFS. Wouldn't be much of a stretch for them to expand to Platinum.... and then farmland :/

    Tip... if RSA's SaSol Ltd company ever decide to offshore (which in this environment is highly likely), lobby your local federal politician to encourage them to base themselves here in Oz. SaSol's people, technology & I.P. those guys are the experts at liquefying coal.
     
  6. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    http://www.newzimbabwe.com/business-20571-Aquarius+engages+Zim+on+15pc+platinum+tax/business.aspx

    So that's even more Pt off the table
     
  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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  8. finicky

    finicky Well-Known Member Silver Stacker

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    Maybe they concentrated on production at expense of development. Also focused on the easy or high grade stuff in anticipation? Usually a miner can economically mine and process low grade ore by blending it with high grade.

    That and stockpile and inventory.

    "...as a result of careful management of the production pipeline in advance of the anticipated strike he added."
     
  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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  10. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Platinum usage 2013 inner wheel, 2014 outer wheel
    [​IMG] http://www.mineweb.com/news/platinu...m-shortfall-continues-for-third-year-running/
     
  11. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Pt prices are being smashed and are now under US$1100. This is several $100 less than production costs and that will not last. I hear from Andy Hoffman that Miles Franklin are finding Pt difficult to source. The PM have not produced a 2015 platypus. I am waiting to hear of further S. African platinum mine closures. To quote a fictitious detective - something is afoot !
     
  12. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Now its Palladium's chance to be smashed? Rhodium also down. the PGM's are being taken down yet supply is non existent. I would be interested to hear from any of the bullion dealers how difficult it is now to obtain PGMs. Coin dealers I speak to say they no longer see PGM's for sale unless they are over priced collectables.
     
  13. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    1oz Platinum Platypus coins were selling from between $1800AUD and $2020AUD (Ebay) back in early to mid Feb 2015.

    Platinum coins on ebay (Sold) are not reflecting the lower spot price for platinum.

    http://www.ebay.com.au/sch/i.html?_...0&_nkw=platinum+coins&ghostText=&_sacat=58520

    I think Pt is a very good medium-term hold if you can get it.

    Very disappointing that the Perth Mint have decided not to strike the 2015 coin.

    imo, the Platinum Platypus was / is a great design but perhaps the coin should have been released in fractional sizes.

    I like the idea of 1/10, 1/4 and 1/2oz Pt coins. :cool:
     
  14. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Holdfast I think the PM had no choice as the metal supply is just not there ?

    Look at the US Mint's new platinum eagle - stopped production in October 2014 ?
    They have not sold 1oz of Pt in 2015 ?

    Watch this space
     
  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  16. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    maybe they've been reading this thread?

    I've got better things to spend my money on... I'll take 2
     
  17. screaming eagle

    screaming eagle Member Silver Stacker

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    Clearly they were able to scrounge some Pt together and punch out a few coins. There's no way mining companies are selling PGMs for less than their production costs, unless the metal is simply a by-product of other mining activity. Perhaps the reason that there's no Pt eagle is simply because the demand isn't there when compared with Au/Ag. Why waste the tooling/machinery/time on making Pt Eagles that don't sell so well when it could be used to produce ASEs/AGEs that will sell like crazy and rake in the cash?

    I like Pt, but not because I think it's running out. It is a very rare metal, has a number of uses and exceptional qualities, but until it becomes universally desired, it will live in the shadow of its more popular cousins. Time and understanding will help Pt and I think its rarity compared to Au will favour it in the medium to long-term.
     
  18. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    I suppose the market isn't privy to when (Price paid) or where the Perth Mint sourced their metal.

    Perhaps Perth had a swag of blanks left from the 2012, 2013 and 2014 strikes, after-all, the 2013 and and 2014 declared mintages are very low.

    Anyway, it's good new that Perth have struck the 2015 Platinum Platypus, it's a great coin and very collectable.

    The "declared" mintage figures for the Platinum Platypus are:

    2011 - 30,000 coins
    2012 - 26,580 coins
    2013 - 2,000 coins
    2014 - 1,616 coins

    http://www.perthmint.com.au//docume..._Platinum_Bullion_Coin_Series_2011_-_2014.pdf
     
  19. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    I can't believe they are that low....
     
  20. Holdfast

    Holdfast Well-Known Member Silver Stacker

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