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<p>[QUOTE=&quot;Derick, post: 1508552, member: 39142&quot;]I have been investing in Platinum for the last five years and never has it been so uncertain. Most of the worlds PGMs are mined in South Africa and Zimbabwe with the industry being on its knees due to land reform and nationalization uncertainties, energy crisis, union labour problems and old processing technologies. When there was confidence in supply, the demand&nbsp; (industry for other uses like in jewelery) drove the price exceeding that of gold, at which the miners could make some money. So, with excalating supply problems the confidence and thus demand slumped, but are still maintaining supply the auto industry. The production cost has rissen to 1400 US/once, meaning miners have to cut projects to stay alive. I believe that the industry is not going to improve soon, but due to project cuts, demand for auto industry could push the price up slightly to the end of year. I am buying.[/QUOTE]</p><p><br /></p>

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