hello night trader, there are few if any danger to a pt hoarding program with a 10 year horizon;
there are no dangers to a pt transgenerational cash savings program.
on pt, one may do better to downplay the current usefulness of pt to the economy, and focus instead on all the future geewhizbang applications google.com that must have been intended by nature, creator, all mighty.
and, focus on the absolute key Message 25351664 that rules all keys
the idea that pt cash extraction cost is 600/oz may be faulty, at least more so than cash cost 450/oz for gold, because
(i) unlike gold, platinum has no stockpile to speak of,
(ii) pt is in circulation by way of tail pipes and chemical production lines, with varying velocity, and sometimes velocity gets jammed, unless and until folks turn in their wedding bands enmass, but
(iii) the cost of developing major new gold mines require 2000/oz pricing gold, but for the fact that all gold ever dug up are resting somewhere within grabbing distance of someone, unless at bottom of very deep parts of ocean, so
(iv) imagine what it takes to develop major new platinum mines. |
