Thoughts on platinum

Lonmin to close SA platinum mines, stop growth projects

I don't know them, but this is result of the crash in car industry, because platinum is used mostly in cars catalisators. The price for platinum, silver and shell oil will probably go lower, and more and more platinum / silver / shell oil companies will stop producing. Finally we will get supply destruction and we will have eighter:

platinum @ $100 / oz, silver @ $1, oil @ $ 10and you will have no way to get any


prices will raise parabolic and pass over old all time higs ($2500 for platinum, $22 for silver, $150 for oil)


platinum / silver producers will form something like OPEC cartel and will say - we don't care what the price is, we selling at those prices.

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