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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%4:00 PM EST
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To: 8bits who wrote (24005)10/12/2007 8:08:16 PM
From: energyplay  Read Replies (1) of 217755
 
The number use of Pt in cat converters is a problem. As oil prices go hirer, cars will have smaller and more efficent engines, which will mean smaller cat converters. That will free up considerable Pt for new cat converters for new cars in emerging areas. I expect there will net be a little more supply than expected, until in about 4-8 years most of the big double cat converter SUVs have been recycled.

Platinum has many other high priced industrial and scientific uses.

Very much on the plus side, Platinum is rarely used as a currency reserve like gold and silver are.

Currently, there is no way to economically mine disseminated Pt deposits, like cyanide heap leaching does for gold. There don't seem to be very many disseminated Pt deposits anyway.

Gold and Silver tend to be by products of copper, zinc and lead mining, and other types of mining.

Although there is some Pt associated with Nickel deposits, nickel mining is not as big an enterprise as copper or lead.

If we look at gold vs. the Euro over the past two years, we see that gold has been flat except for the past two months. Platinum has made some upward progress, even in Euro terms.

If we were Europeans looking to protect ourselves from currency debasement, our options might be limited to Platinum and Oil.

All this being said, I don't yet have enough Platinum.
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