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Silver Dollar Values Prices Escalate, Palladium & Platinum Rising On Concerns Over Supplies

Production of platinum may drop, because mining companies are right now expected to build refineries - a thing that they may not do, due to the real risk associated with confiscation and nationalization of assets. Read on now...

 
PRLog - Feb. 21, 2013 - NEW YORK -- Gold and silver are slightly lower today while platinum and palladium have eked out further increases after the 1% gains seen the other day. The Wall street Journal reports there was gold buying in Asia immediately with “bargain hunting helping to lift prices”. Group of Seven policy makers roiled the actual currency and commodity marketplaces they sought to relax amid conflicting messages how much of an economic threat is actually posed by currency wars. How High Will Silver Go? Learn More Kitco Silver >> http://www.silverdollar.cc

The G7 sought to concentrate attention around the narrow issue of recent yen weak point rather than the more substantial issue of global forex wars in the form of QE ‘to infinity’, competitive forex devaluations, currency pegs as well as currency debasement.

Because long as the G7 continue to obfuscate and neglect to address the real risk from real currency wars and an escalation associated with currency and gold wars compared to financial and monetary stress are set to deepen which will support many no paper assets and the precious metals.

Russia’s leap in gold mining output may see it move the U.S. because the 3rd largest gold miner by 2015, stated Sergei Kashuba, head of the Russian Gold Industrialists' Union, stated on Tuesday.

Platinum and palladium surged on renewed concerns that supplies of the platinum group metals may shrink. Zimbabwe's government has given platinum suppliers two years to begin refining the actual precious metals in Zimbabwe. Gold Coins, Silver Coins, Rare Coins  Learn More >> http://www.silverdollar.cc/GOLD-COINS/

This means that production of platinum may drop, because mining companies are right now expected to build refineries - a thing that they may not do, due to the real risk associated with confiscation and nationalization of assets. Both metals climbed more than 1% the other day with platinum for April shipping rising $21.10 to settle from $1,717.2/oz. Palladium for March delivery flower $12.80 to $771.40/oz.

"The worry is the fact that it's going to restrict production," said James Steel, main commodities analyst at HSBC in NY. "That was the prime motivator for that price movement today." Platinum-group alloys are widely used to make catalytic converters that filter car exhausts, in jewelry exactly where increasing demand has been seen in Asian countries and in many military applications. Most of the world's platinum reserves are found in simply one country, South Africa. But nearby Zimbabwe also sits on big reserves.

Similar resource nationalism in additional countries in Africa, South America as well as Russia could lead to serious supply issues that mean that the fundamentals of the platinum group alloys remain sound. Both stay well below their record minimal highs and way beneath their inflation adjusted levels.

The PGM metals are more unstable than gold and therefore merit a smaller allocation of one’s wealth however platinum as well as palladium coins and pubs remain a prudent diversity for anyone wishing to preserve as well as grow wealth in the coming years. How High Will Silver Go? Learn More Kitco Silver >> http://silverdollar.cc

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