Platinum

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

  1. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    Wasn't aware... Sometimes you miss stuff. I thought investor demand was much greater. Think Platinum is far too cheap at the moment.
     
  2. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    ^^ agreed but not for long
     
  3. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    A question to Platinum stackers here.....

    Will a platypus coin attract any collector's value (due to low mintage and older year) or rather moving as per spot?
    The design of platypus coin has remained the same from year to year and I noticed it is harder to flip it when needed.

    [LD]
     
  4. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Do 1988 Koalas with a huge mintage attract the same premium as later Koalas with rare mintage - no. The later ones have a premium. My play is to bet on the spot price ie. to short South African mining and for the same cost bet on a rare coin rather than a common bar. PAMP bars are the same price as platypus coins at most dealers. I have never had a problem selling a Pt coin. SS forum may not be the best place ?
     
  5. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Probably best to treat the coins (Lower mintage coins) as a speculative "spot" play.

    If they go up in price due to being uncommon, so be it, if they don't, well nothing lost really at current Pt prices.

    As Ronnie 666 has said in many posts, there's production anomalies and of course more and more governments are thinking clean-air.

    Personally, I like the idea that Perth has maintained a pure bullion coin with the same design each year, it cuts costs for the mint and provides continuity, not only locally, but worldwide.
     
  6. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Premiums 'should' be irrelevant once this market corrects :cool:
     
  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    They have! :D

    Headlines - Reuters

    Perth Mint to ramp up platinum output as price slump spurs demand

    *The Perth Mint is set to increase production of its platinum coins this year as a price slump

    *The Perth Mint sold 1,500 platinum coins this week, and has firm commitments for another 800 coins.

    *We are looking to make 5,000 coins as soon as possible to satisfy current demand.

    http://www.reuters.com/article/2015/03/19/platinum-perthmint-idUSL3N0WL2Q120150319
     
  8. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Cape Town South Africa - Article on Platinum 18 March 2015.

    Topics

    *The platinum sector

    *The price fall and why

    *Production and the 5 month strike

    *Auto catalyst in diesel engines - France

    *Platinum stockpiles

    *Steep wage inflation

    *Increasingly expensive and unreliable energy supply

    *Recycling

    *Deficit in the platinum market

    *Little new capital coming in

    *Outlook for platinum stocks and price outlook for physical metal

    http://www.moneyweb.co.za/investing/how-bad-is-it-for-platinum-stocks/


    Platinum miners.

    Performance of JSE-listed platinum stocks to 17 March 2015

    [​IMG]
    http://www.moneyweb.co.za/investing/how-bad-is-it-for-platinum-stocks/
     
  9. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    It's interesting to see the BS from these miners. A year ago the pt stockpile was estimated at 12months annual supply, which is about 4 million oz. there were multiple statements to this stockpile estimate. Then we had the 8 month South African strike which shut off supply for over a year. One must realise you cannot switch a mine off and on like a light switch. South Africa produces 75% of the world Pt. From what I read it seems like 80% of the SA supply was cut last year. In my estimate that is about 3 million oz. Then this year we get a notification that the strike cost 700,000 oz ? Please explain. In my simple arithmetic calculation we have a million oz left which is about 3 months supply, not 2.5 years. These figures have all been quoted and now they change. I heard this years back with Pd and suddenly and unexpectedly it was all gone. I suspect the same will happen soon with Pt.

    Another inaccuracy or half truth. "Less Pt is needed for gasoline engines". That makes it sound like we need less metal - wrong. It is because they substitute pt with Pd. With Pd prices approaching Pt prices will that continue? However ill informed we are on Pt stockpiles the Russians are giving nothing away with Pd stockpiles.

    I honestly believe that the Pt miners want to get out of SA. They are losing money. Last year estimates are that the cost of production before the strike and subsequent wage increases was US$ 1500/ oz. There is talk of nationalisation. This price fall gives them an excuse. Remember the miners control the market in Pt. They are the only supply. Something is not right.
     
  10. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Wesizwe Platinum racing ahead of schedule to throw billions of Chinese yuan down the drain :)

    Wesizwe Platinum's flagship Bakubung project in South Africa;

    http://www.mineweb.com/news/platinu...-flagship-platinum-project-ahead-of-schedule/

    Its interesting that the Chinese are bankrolling this considering the rumblings of 'Nationalisation' that are real enough to drive the traditional commercial mining houses out of Africa.

    Even stranger since both China and Russia refused to give anymore money to Zimbwabwe's Robert Mugabe during a recent visit by the ailing 91year old racist dictator.

    Both China & Russia have a massive investment in Zimbabwe (and Mugabe) having bankrolled the ZANU/ZAPU/ZIPRA/FRELIMO insurgency during the late 1970's... and Mugabe's regime for the succeeding decades.
     
  11. silverbullion

    silverbullion New Member

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    I've heard on good account that due to the problems experienced in South Africa relating to electricity supply, there is going to be an increase in the demand for platinum on account of space technology they are going to use in electricity generation. Unfortunately I cannot provide more details, because I've deleted the relevant info by mistake.
     
  12. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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  13. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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  14. Altima

    Altima Well-Known Member Silver Stacker

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  15. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Eventually it will. Bet your ass it will !!!!
    Unfortunately - even though the supply has slowed w/ mining problem in south africa - the demand is just not there currently.
    Once we have more people rushing into metals later down the road...you can expect platinum to do VERY well.
     
  16. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    What happen to Pt? Cant seem to find any in Perth market...
     
  17. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    If you want to buy Platinum from the PM - Platinum Platypus coins - they no longer exist. I see they have been removed from the buy page on the Perth Mint bullion site. Can I ask if they have none available after only 3 months following release of the 2015 coin - what is going on ????

    http://www.perthmintbullion.com/us/View-All-Bullion.aspx

    Perhaps Bron can answer this. I would also like to know if the Mint sold platinum certificates ? If so is there platinum in working inventory as is the case for gold and silver ?

    The story of Pt is getting curiouser and curiouser according to Alice
     
  18. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Shortages??? Everyone stacking these??? Demand Demand.....
     
  19. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  20. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Yes they are apparently available from Mail Order but the shop is sold out. I think its strange that it gets removed from the purchase page ?
     

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