In this updated report we will study the current condition of platinum as an investment.
We will first study why the current platinum price is historically low.
We will then assess the supply/demand of platinum and its current deficit. We will study the cost of production and finally the financial situation of the major miners of platinum.
The merger between Barrick Gold and Randgold is causing turbulence in London Square.
The Executive Board of the International Monetary Fund recently granted a $50 billion loan to Argentina, the largest loan in the history of the IMF.
The U.S. government's balance sheet is about to explode financially; interest costs and debt have broken new records.
An $18.3 billion merger is underway between Canadian company Barrick Gold and Randgold Resources to create the world's largest gold mining operation.
As the United States continues its economic sanctions around the world, some nations are trying to get rid of the dollar dominance.
Emerging markets are increasingly turning to gold purchases, while reserve currencies such as the U.S. dollar are facing significant challenges.
Despite prices approaching their lowest level in 10 years, the largest Platinum miners are not significantly reducing their production.
Economists predict a 75% collapse in oil shale production by 2025 in the United States.
While the cost of gold is increasing in value, the mining production of the main gold companies is decreasing sharply, recording a 15% decrease.