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<p>[QUOTE=&quot;BNB Analytics, post: 717935, member: 20117&quot;]<a href="http://lynncoins.com/plat_article.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://lynncoins.com/plat_article.htm" rel="nofollow">http://lynncoins.com/plat_article.htm</a></p><p><br /></p><p>Mining Platinum.</p><p>Platinum is usually found naturally in deposits of small grains, dust, or small nuggets averaging 50-75% purity.&nbsp; Small amounts of it are acquired as byproducts of other mining.&nbsp; The industrial extraction of platinum is complex.&nbsp; The metal often is found in ores mixed with other metals such as palladium and gold. On average it exists on the earth’s crust at about 5/1000th’s of a gram per metric ton of earth. </p><p>&nbsp;</p><p>Not only is platinum less abundant than gold, it found in only a few mine-able deposits on earth.&nbsp; Most platinum is mined in South Africa, Russia, and North America. South Africa produces over half (to 2/3rds) of the world supply.&nbsp; Russia is the next biggest producer.&nbsp; The North American mines are primarily palladium mines with platinum being a small percentage of the metal production.&nbsp; It takes about 10 tons of raw platinum ore to produce one pure ounce of platinum. </p><p><br /></p><p>Platinum as an investment&nbsp; </p><p>Experts say that platinum’s supply and demand is very tight. The above ground supply of platinum is very low compared to gold or silver. Small changes in mining or usage may have dramatic implications.&nbsp; For example, at current consumption if platinum mining were to stop, the above ground supplies would last only a couple years.&nbsp; In comparison, world gold supplies might last ten times as long.&nbsp; The above ground availability of platinum has been tight even during periods of relatively normal production.&nbsp; There are no known large platinum stockpiles to protect against significant supply disruptions. During World War II the US government recognized this and halted all non-military use of the metal.[/QUOTE]</p><p><br /></p>

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