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Re: LCrigger post# 22

Wednesday, 04/22/2009 3:48:02 PM

Wednesday, April 22, 2009 3:48:02 PM

Post# of 27
that's an excellent article, Lara. I can see why you're a pro writer.
I am against the ETFs for P&P.. for the reasons outlined in your article and also for the reason that those unconnected to the actual supply/demand will be able to manipulate spot prices.
The gold and silver markets have seen disparity between official spot price and what one can actually buy the metals for on the street or from a mint. There have been delivery delays and shortages, even while the metals have gone down in official price due to the manipulations of wall street.
All you have to do is listen to radio shows about gold and silver, the dealers themselves are often complaining about the manipulation and how the "real" price of gold and silver isn't the same as what the ETFs reflect.
A surging platinum/palladium price would be bad for manufacturing and jewelry as you mentioned; these metals are not an historical monetized alternative to paper money like gold and silver are.
What's next ? iridium ? rhodium ?
check this out:
http://www.surepure.com/

also - a pure platinum mining play you may want to check out is Anooraq. They are in South Africa and exist because South African law mandates native control of assets. They have a conciliatory relationship with Anglo.

http://investorshub.advfn.com/boards/board.aspx?board_id=12892

it's been moving along with platinum but moreover they are very close to closing a deal to finally own 51% of the mines in the Lebowa region.