Platinum

Holdfast said:
Captain Kookaburra said:
I can't believe they are that low....
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Why's that Captain?

Last year on Perth's blog they indicated that the 2013 was to be capped at a limited mintage of 2,000 coins due to decreased investor demand.
http://www.perthmintbullion.com/au/blog/blog.aspx?CntTagID=8aac99ca-6dd7-4982-accd-1e296f700636
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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.
 
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]
 
Lunardragon said:
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]
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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 ?
 
Lunardragon said:
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]
Click to expand...

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.
 
Clawhammer said:
maybe they've been reading this thread?

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

Platinum%20companies%20March%202015_zpsl8ew2iel.png

http://www.moneyweb.co.za/investing/how-bad-is-it-for-platinum-stocks/
 
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.
 
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.
 
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.
 
Altima said:
Platinum getting quite the beating right now. Wonder if it will ever reach previous highs.

http://www.finviz.com/fut_chart.ashx?t=PL&cot=076651&p=d1&rev=635706517807075195
Source: http://www.finviz.com/futures_charts.ashx?t=PL&p=d1
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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.
 
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
 
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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