My new article about history and current production of Platinum

Discussion in 'Bullion Investing' started by Vlad, Feb 24, 2011.

  1. Vlad

    Vlad Senior Member

    I just finished it a couple hours ago, went through 50 sites or so so it might be a little crude , I'd appreciate your critique. I hope it wont be a (total) waste of time for you.

    www.IronRye.blogspot.com
     
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  3. Rono

    Rono Senior Member

    Hi Vlad,

    Good article. Perhaps the only thing I'd add would be that platinum and palladium are tied at the hip as industrial substitutes for each other - The Noble Sisters. Also, both are mostly mined as byproducts to nickel and other minerals. Very few pure mining plays.

    peace,

    rono
     
  4. Vlad

    Vlad Senior Member

    well yes, I will be writing a separate article about palladium and other PMGs. I was asked to write about Rhodium next. Palladium is not an exact substitute- for example it wont work in diesel engines. Oh and thank you
     
  5. Fifty

    Fifty Master Roll Searcher

    I like it, good article. I think the only real danger in investing in platinum is that a cheap substitute could be found. If that happens the price could really fall. There are metals that are rare but aren't high in price. Bismuth is about twice as abundant as gold but no where near half the price.
     
  6. gxseries

    gxseries Coin Collector

    Not adequate at all. I had to research about platinum for my coursework and this is at best mediocre.

    For instance numismatics had a big play of the usage of platinum. In the early days when the Spanish found platinum, they exported a lot of them back. Some were made into jewellery but smarter crooks gold plated platinum coins and this became a problem as gold was more expensive than platinum. However gold platinum counterfeited coins are very collectable these days. Russian platinum coins don't take all the glory - it's true that it's the world's only circulated legal tender platinum coins but gold plated platinum coins did circulate as well.

    Another one of your point you mentioned is "zimbabwication of South Africa". Did you not know that Zimbabwe has enough platinum to easily add 15% of the current world production if the crazy politics wasn't there?

    Here's two links that I recommand you to read before writing any more:

    http://www.platinum.matthey.com/publications/a-history-of-platinum/
    http://www.stillwaterpalladium.com/history.html <- Highly recommanded
     
  7. Vlad

    Vlad Senior Member

    First of all I mentioned about existence of those fakes, second, Platinum production in Americas was no more than 10-20-30 kg per year and couldnt make any dent in fake gold industry by any stretch of imagination. This is exactly why those fakes are so expensive now. Furthermore the blog itself is about current production and availability of commodities, which by the way happen to be a little bit more correct than www.USGS.gov , historical details are there for entertainment purposes only.

    Now this one is strange; First of all, Zimbabwe doesnt have any platinum, it has PMG-containing ores, second, if you are correct then you automatically prove my point that zimbabwication of South Africa (zimbabwification if you like, whichever is better English) will result in poorer production of platinum in South Africa. My condolences sir, you just shot yourself in the foot.
     
  8. gxseries

    gxseries Coin Collector

  9. Vlad

    Vlad Senior Member

    Try again? Try again what? What those articles got to do with anything?
     
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