https://www.engineeringnews.co.za

PAPER BEATS ROCK

29th November 2013

By: Darlene Creamer

  

Font size: - +

Countries that produce few commodities are buying platinum in futures markets with ever decreasing amounts of the freshly printed paper money. The upshot is that the world is getting platinum cheaper than it would if it owned the resources and the mines. If there is very limited near-term trading but thousands of contracts representing multiples of annual supply being traded backwards and forwards two and three months out from now, will those trades be accompanied by physical delivery? Can they really be classified as trades if they are not? Is the current registered, available-for-sale, physical volume of platinum on the Nymex really only 1/160th of annual demand? If so, is the world price being backed up by an insignificant amount of physical metal – and at virtually no cost to the controlling bankers? It behoves South Africans in the know to communicate the manner in which the price of this national patrimony is arrived at.

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.051 1.257s - 131pq - 2rq
Subscribe Now