Section » Platinum
Why The $1 Trillion Platinum Coin Idea Won’t Work
With the United States rapidly approaching the debt ceiling limit, a dysfunctional and divided Congress appears unable to agree on either spending cuts or an increase in the debt ceiling. Absent some grand Congressional compromise, America's nonstop trillion dollar deficit spending will rapidly push the nation to the brink of default before the end
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Global Gold Production Set For Major Decline As South African Mines Close
Global gold production could drop sharply as South African miners plan to dismiss thousands of workers for illegally striking. South African precious metal miners have been beset by labor unrest for months as workers protest low wages and dangerous working conditions. The latest disruption came Wednesday
U.S. Mint Numismatic Precious Metals Sales Decline
According to Coin Update, sales of numismatic precious metal coins showed weekly sales declines. Future sales, however, may increase due to an upcoming price decrease
Platinum Has Soared 17% Since Early August – What Now?
Since establishing multiple chart bottoms at $1,400 during June and July, platinum has soared along with other precious metals. Based on the London Fix Price, platinum has soared 16.5% from a low of $1,390 on August 3, 2012 to a September 20 closing price of $1,620. In early August, Gold and Silver
Platinum Soars $78 On Week As Bodies Pile Up In South Africa
South Africa continues to be wracked by violence as striking platinum mine workers clash with police. In a confrontation between police and striking mine workers, a gunbattle resulted in the shooting deaths of 34 miners. The center of the violence is at the Lonmin mine which suspended most production
Closed Platinum Mines Offset By Stockpile Surplus – Is A Surprise Platinum Rally Coming?
As noted in a recent post, the price of platinum has plunged almost $500 per ounce since last summer (see
Platinum Perspectives – Time To Buy Or Will The Bears Win?
We last examined the dynamics of the platinum market in February when the platinum
What Precious Metal Has Performed Best In 2012 And Where Do We Go From Here?
After the recent volatility in precious metals, let's take a look at the year to date performance of gold, silver, platinum and palladium. The new year started off with a strong rally across the entire precious metals group which erased some of the losses seen in the second half of 2011. The across
Gold and Silver News and Headlines – Gold Owners Get Nervous
Precious metals advanced across the board today, with palladium the stellar performer with a 2.86% gain. Gold gained $9.70 to $1685.30, silver tacked on $0.48 to $33.53, platinum rose $18 to $1633.00 and palladium
Gold and Silver Plunge On Bernanke’s Remarks – What Happens Next?
The price of gold and silver plunged today after investors concluded that the Federal Reserve had no immediate plans for further quantitative easing. In testimony to Congress Fed Chairman Bernanke made positive
