Rule explains why investing in PGMs may be better than silver or gold in the near term.
Articles Tagged "gold"
Mining Weekly reported the number of ounces of gold needed to buy an ounce of platinum is back under a one-to-one ratio.
Golden Touch Resources Corp. (CVE:GOT; FSE:0GT) is an exploration company focused on advancing its package of gold, platinum, and chromite projects in northern Albania.
Bloomberg reports gold prices climbed above platinum prices as concern about a global economic slowdown boosted demand for a haven.
While platinum remains below its 2007 peak, it may be a better investment than gold.
Barrick Gold has confirmed that it has dropped plans to develop the Sedibelo platinum project in South Africa. Not to worry. The story for the metal has only just begun.
Though platinum prices have near doubled to 1350/oz this week from a low of 732/oz last October, for the miners in South Africa, it is still an uphill task. The SA government's talks to takeover ownership of mines could potentially scare off investors. How will the platinum producers operate in a constrained environment?
Nortec Ventures Corporation (TSX VENTURE:NVT)today announced the acquisition of the Haukiaho Palladium-Platinum-Gold-Copper-Nickel Project from an Australian company, Vulcan Resources Limited.
Colossus Minerals (TSE:CSI) reported today results from the first two of it's Phase II drill results. Included in the results were 27.9 meters at 35.49 grams per tonne gold, 19.89 grams per tonne platinum and 25.14 grams per tonne palladium. This mineralization was intersected starting at 208.4 meters down hole. True widths have yet to be reported.
Interest in platinum and palladium as a safe haven investment in tandem with gold may intensify in 2009 as uncertainty in the global economic and financial system is expected to persist into 2010. For full story, click here