Quote: (09-19-2018 07:30 AM)Hell_Is_Like_Newark Wrote:
Quote: (09-14-2018 09:44 AM)Arado Wrote:
Apparently more than 70% of the world's platinum comes from South Africa, and platinum prices are very low. Does anyone have thoughts on if these developments will impact platinum production?
Russian production I think could ramp up to meet at least some of the demand. The Russians a while back dumped a whole lot of platinum and palladium on the market, sending prices sharply lower.
I bought a platinum / palladium fund (buy actual physical metals) then. Sold it a year later. Made about $1,500 (15% return). Not bad....
No one is concerned about all of that. Even warlords or the future corrupt leaders cannot eat platinum. ISIS in the middle of bombardments managed to continue selling their oil. Whoever slaughters his way to the top in SA will be able to sell the platinum - even if they are picked up by the Chinese navy. Whether prices go up a big or a lot is not relevant to the world economy.