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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (41837)	10/26/2008 11:39:25 AM
From: prometheus1976	Respond to of 217753

"mints not ready to expand production"...doesn't ring true as there were a # of years when the Mint produced over 1 million Gold Eagles,but the last few years they produced substantially less.. lynncoins.com rm-trading.com so they could produce many more than they did this year,but didn't even though the demand is obviously there..Why do you suppose that is true? regards,P1976

To: KyrosL who wrote (41837)	10/26/2008 2:15:59 PM
From: energyplay	Read Replies (1) \| Respond to of 217753

Platinum dropping like a rock... very long term - mrci.com a few years - quotes.ino.com It could go under the price of gold, especially with Platinum dumping from recycled automotive catalytic converters. The auto catalyst inventory could keep the price down for a while. Peak oil --> higher gas mileage cars --> with smaller engines, which then need smaller catalytic converters --> excess Pt inventory when older and much large catalytic converters are recycled --> lower platinum prices. Will lower Pt prices shut down South African mines ? After being shut down, many of those deep mines will not come back into operation. This cycle will take a number of years to play out, maybe 3 to 7 years before we see a Pt bottom. Very long term, Platinum is much harder to mine than gold.