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Non-Tech : The Woodshed
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To: Wade who wrote (60075)8/15/2020 3:43:16 PM
From: Wade3 Recommendations

Recommended By
ggersh
roguedolphin
WalterWhite

   of 60927
 
Historically platinum had been traded at least 1x to 2x of the POG until it began to drop after 2011. The change was mainly due to rapid industrial demand of palladium. Because of both palladium and platinum are produced in the same mine the lower demand of platinum became excess inventory. But, that is only 2-3 million ounces right now that can be take out if it turn out to becoming monetary metal again just like in the past.

Here is my thinking/speculation:

IF ..... POG runs to $3000 from $2000 for a 50% gain that could pull Pt from $1000 to $1500 for 50% gain as well. However, if investors turned to Pt because POG is too expensive the price of Pt can easily catch up to $3000 for a 1x. But, it is not out of question goes to 2x at $6000.

Therefore, the potential of the price of Pt could be in the range of $1500 to $6000 at $3000 POG.

Those platinum miners has suffered low price of the metal and labor disputes and now the Covid-19 the share prices are deeply depressed. They can offer much bigger "potential" returns than those gold miners can. Just my speculation. We still still very early in the game. Spending time to research and there must be 100-baggers out there we never heard of. Have fun.
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