Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!

Wednesday, July 2, 2014

Platinum more precious than gold?

By Nicholas Larkin, Bloomberg

Platinum reached an almost 10-month high on signs increased demand from car companies will add to a supply shortage. Gold held near the highest in three months.

Investor holdings in platinum- and palladium-backed funds are at or near records as demand from automakers and a South African mining strike that lasted five months leads to a third successive supply deficit. U.S. auto sales adjusting for seasonal trends accelerated to an annualized pace of 16.98 million in June, the fastest in almost eight years, researcher Autodata Corp. said yesterday.

About 220,000 members of the National Union of Metalworkers of South Africa stopped work yesterday to support their request for pay increases. The protests come after a platinum strike that lasted from January to June. The country is the largest producer of the metal, which is mainly used alongside palladium in car pollution-control devices.

“Investors acknowledge the difficulties that the South African platinum sector faces beyond the resolution,” UBS AG analysts wrote in a report today. “Participants will be keeping an eye out for any signs of tightness in the months ahead.”

Platinum for October delivery added 0.1 percent to $1,516.70 an ounce by 7:38 a.m. on the New York Mercantile Exchange. It reached $1,523, the highest since Sept. 4. The metal for immediate delivery rose 0.2 percent to $1,512.51 in London.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Silver Shortage
GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!