Some time ago I invested in gold mining stocks because the search, discovery, extraction and production of the refined product, Gold, was interesting, understandable, transparent and the product was relatively scare and valuable. "As valuable as Gold."
Now, I'm trying to exit my gold stocks and invest in Palladium and Platinum mining stocks because the search, discovery, extraction and production of the refined products, Palladium and Platinum, is interesting, understandable, transparent and the products are relatively scarce and valuable. "More valuable than Gold."
And it is all the more interesting due to the politics of Russia and her quest to control and tax production and export of pgms, and of South Africa and her moves to require large, established pgm producers to "use it or lose it" to the new government. To say nothing of continuing sales by the US government of pgms from its strategic stockpiles, and the global politics of pollution reduction, fuel cells and clean energy.
All much simpler, and intrinsically more interesting, than the current Gold "market".
Ptask |
