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Thread: Price of Platinum is exploding:

  1. #1
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    Default Price of Platinum is exploding:

    Price of Platinum is exploding:

    https://finviz.com/futures_charts.ashx?p=d1&t=PL

    Platinum Group Metals is doing fine:

    https://bigcharts.marketwatch.com/ad...false&state=11

    Remark that price of Platinum Group Metals was over 400 $ in 2008.

  2. #2

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    Quote Originally Posted by oak333 View Post
    Price of Platinum is exploding:

    https://finviz.com/futures_charts.ashx?p=d1&t=PL

    Platinum Group Metals is doing fine:

    https://bigcharts.marketwatch.com/ad...false&state=11

    Remark that price of Platinum Group Metals was over 400 $ in 2008.
    this is a horrible company. They dont produce anything and Impala walked away. Stick with Impala or Sibanye who are real producers and pay a real dividend.

  3. #3
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    Platinum might lead the commodity rally:

    http://www.24hgold.com/english/news-...hris+Vermeulen

  4. #4
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    Quote Originally Posted by Nikko View Post
    this is a horrible company. They dont produce anything and Impala walked away. Stick with Impala or Sibanye who are real producers and pay a real dividend.
    They move the Waterberg project towards production.
    The reserves of this deposit are huge: gold, platinum, palladium and rhodium.

    https://www.platinumgroupmetals.net/...2/default.aspx

    Sprott gave them financing for 20 million $. They are cooperating with
    foreign companies with deep pockets, and with Anglo-American of SA.

    Until they come into production, they are a great optionality investment
    in precious metals.

  5. #5

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    Thanks for the 24hgold article.

  6. #6

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    Quote Originally Posted by oak333 View Post
    They move the Waterberg project towards production.
    The reserves of this deposit are huge: gold, platinum, palladium and rhodium.

    https://www.platinumgroupmetals.net/...2/default.aspx

    Sprott gave them financing for 20 million $. They are cooperating with
    foreign companies with deep pockets, and with Anglo-American of SA.

    Until they come into production, they are a great optionality investment
    in precious metals.
    its a garbage asset...thats why Impala walked away

  7. #7
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    Quote Originally Posted by Nikko View Post
    its a garbage asset...thats why Impala walked away
    Not really. Impala walked away from this project because of uncertainties with Covid-19. Impala
    actually commended the progress of the Waterberg project. At least this is what Impala said.

    https://finance.yahoo.com/news/plati...html?.tsrc=rss

    You might find some useful info on this forum:

    https://www.valueforum.com/stocks/?a...&ticker=PTM.CA

    Note: On USA exchanges the symbol is PLG. On the Canadian exchanges it is PTM.

  8. #8
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    The price of platinum is exploding. Look at a beautiful chart:

    https://schrts.co/TNzMYcTk

    Platinum seems to lead the commodities upwards.

  9. #9

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    Hi oak, if we have a march 2.0 do you see the pt spot price crashing again like last time? Ot this time will all the metals trend upward faster? because of no physical supply? Thanks for any thoughts.

  10. #10
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    Quote Originally Posted by jrtjrt View Post
    Hi oak, if we have a march 2.0 do you see the pt spot price crashing again like last time? Ot this time will all the metals trend upward faster? because of no physical supply? Thanks for any thoughts.
    In my opinion, the best way to invest in precious metals is simply just to buy and hold
    them, until the next business cycle anyway. Physical precious metals are great. However,
    miners of precious metals are leveraged; they go up significantly more than the physical
    precious metals.

    Trading of paper metals is just......well, everybody knows nowadays what it is.

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