Platinum as an investment

[HawkHybrid]

the article was written in 2013 when the platinum price was

$1200. economies of scale means mining more will result

in better prices per ounce. I don't believe you can only

profitably mine 1/10th of that of gold. it's more likely that

you can't sell 10 times the production. if 1/3rd of platinum

mined goes into vehicles then imagine how could you

possibly sell 10 times the number of vehicles or find other

sales markets to make up the numbers. imo limited demand

is much more likely why they don't ramp up production.

 

HH

[greendragon]

12 hours ago, HawkHybrid said:

the article was written in 2013 when the platinum price was

$1200. economies of scale means mining more will result

in better prices per ounce. I don't believe you can only

profitably mine 1/10th of that of gold. it's more likely that

you can't sell 10 times the production. if 1/3rd of platinum

mined goes into vehicles then imagine how could you

possibly sell 10 times the number of vehicles or find other

sales markets to make up the numbers. imo limited demand

is much more likely why they don't ramp up production.

 

HH

it,s not even ten times the number of vehicles.

motors,batteries,engines,electronics.....they are all getting smaller and more powerful by the day

using less raw materials

so less demand 

[mr1030]

I'm certainly not an expert, but I believe I read somewhere that the majority of platinum available in the earths crust is deposited at much deeper depths, and thus not economically practical to mine.