Violent strikes and supply disruptions in South Africa put platinum in the headlines last year, and the metal spent 2012 selling at a discount to gold. Is a platinum discount the new normal? How will the market shift in the labor strike fallout?
Mining companies are now stepping back in time and are shifting exploration efforts to ever more remote, geo-politically challenged locations in a search for laterite ore because of a lack of discovery of new nickel sulfide deposits.
Recently a plethora of alternative names have been proposed and promoted for what were once known as the specialty or minor metals. These mostly obscure elements span the gamut from the lightest to the heaviest on the periodic table.
There aren’t any nickel names left. Once Inco went, who do you invest in if you want nickel? Here’s something else to think about – when was the last time you heard of a major mining company actually finding a deposit?
The US needs to figure out who its friends are and work with them to establish security of supply. The country’s politicians, and its citizens, also need to figure out that true wealth, a growing economy and a strong country are built by resource extraction and manufacturing.
The Tanzanian government is planning to increase its license fees on the production and export of gold. Over the next 14 years the government plans to significantly increase the mining industry's contribution to the country's GDP.
Gold is one investment that you can park for the next 10 or 20 years. The punch line is this: gold and silver are not in bubble territory, and large gains remain, especially if monetary, fiscal, and fundamental supply-and-demand trends remain in play.