It is clear that the time to dedicate resources to explore for new platinum mines and deposits outside South Africa has come. With a coming deficit market, new platinum projects in Canada patiently await inevitable courting by international platinum investors and producers.
Last year’s ETF gold demand stands at the lowest annual level since these vehicles were launched late in 2004. Many ETF speculators still hold large positions, but recent price drops and rising volatility have eroded a portion of the belief that gold is always a “safe haven” investment.
The latest news from Europe points to a further potential delay in the granting of aid to Greece (possibly to beyond that country’s April elections), a delay that could see the March 20 deadline for euro bond repayments come and go.
Among the most rare, valuable and sought after metals on Earth, platinum shares these same characteristics with gold. Platinum Guild International names platinum as the "most precious" of the precious metals.
If anyone thought that Friday's heart-stopping $100+ free-fall in gold was, well,... heart-stopping, they had better be thankful that they were asleep overnight, as the yellow metal fell some $130 and touched the $1,531