A new case for Platinum according to goud999safe
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As stated in that blog I place great emphasis on education which I believe goud999safe.com consistently provides in their weekly newsletters. Whether you choose to buy or not you still gain valuable background information and unique insights into the entire realm of the financial markets and how they operate and in many cases you can make more informed choices in your general saving and investing activity (combined of course with your own ongoing due diligence and seeking advice from reputable professional financial advisors).
I have been given permission to share their newsletters with you here on morganwise.blog by basically translating them and posting them here.
While providing intellectual value they obviously also have a business to run which is achieved by their non obligatory sales links. I will add that link via a special affiliate link granted to me for sharing their work and website at the end of every translated newsletter, that you are completely free to use or ignore. (Please read all disclaimers provided in this post and the full disclosure at the end of the blog).
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Newsletter dated Friday 17th November 2023
This week Platinum has initiated a price recovery. This was somewhat to be expected after what we wrote last Friday in the newsletter van goud999safe where we saw the very rare occurrence of an eight day in a row price correction.
We can observe a negative divergence indicator in the charts price graphics (between its price and the RSI) .This is a positive signal because it indicates that selling pressure is easing off.
It is impossible to forecast the sequel to this positive signal but it is just these types of scenarios where new bull market rallies take off. From a depressive market with very little interest and market participants on board.
What can be said with reasonably strong confidence is that the basket of metals in South Africa that are extracted from the same ore deposits, platinum, palladium rhodium and nickel will inevitably experience a price hike.
That's if we are still planning to use that same basket composition of metals in our existing industries.
Which one of these specific elements from that basket of metals has the potential to resolve the unfavourable financial predicament the producers find themselves in at present?
The value of the PGM deposits in the South African mining industry has decreased by more than 50 percent in comparison to its price from last year.
However a dramatically equal price increase of every metal within the basket is not essential to save the day. While the basket as a whole must increase it only takes one of them to explode in price to accomplish that feat.
In recent years Rhodium and Palladium took care of that profitability. Platinum was then dirt cheap, way too cheap from a historical perspective but was still mined due to the value and worth of the whole ore.
Rhodium became the outlier from 2019, with this precious metal suddenly becoming very important for producers. (Those that have been subscribed to this newsletter for some time already know the rhodium story)
That winning streak success story has since then ended with its price plummeting to 80% from its peak price position of 2020.
Platinum could be the next contender:
Rhodium finds itself in a very difficult to estimate market place, nickel is a pure base metal and palladium is probably too dependent on the auto industry.
Platinum in contrast faces an imminent supply shortage that probably will take effect before the end of this year.
Although the production quotas were sufficient last year, according to the WPIC (World Platinum Investment Council) supply shortages could mount up to 1 million ounces in 2023.
This means that this year's production has to reach 7 million ounces while the demand amounts to 8 million ounces.
There is equally no suggestion that this demand supply discrepancy will resolve itself. This being the situation while not even taking into consideration a growing demand for Platinum via new technologies such as Hydrogen Fuel Cell applications.
What do we anticipate?
Higher prices for Platinum in the near term future. Platinum can maintain the profitability of South African Producers if price per kilogram increases sufficiently ….
The best way to buy Platinum is via goud999safe (see link below)
N.B. 'goud999safe' wishes to add their own very important disclaimer;
This newsletter is not written and shared in their own name and is not giving financial advice, they are merely sharing their current platinum allocation and its ratio / percentage in their entire allocated Precious Metal Portfolio.
Based on present platinum price evolution as discussed above they are aiming to increase their Platinum allocation to 8% of their total precious metal allocation.
This would make Platinum number 3 with Gold number 1 and Silver at number 2
In full transparency;
This is an affiliate link of which I and any new customer generated can receive a free gift depending on certain minimum requirements, a limited time period and at goud999safe.com ongoing discretion.
Please also note that separate search engine browser results could redirect you to sites with similar names that are not ‘goud999safe.com’ and of which are not endorsed here.
https://www.goud999safe.com/nl/?affiliate=OOKTKvvGLx
Personal disclaimer
This blog and links shared must not be viewed or taken as financial advice. This is purely to share my own learning experience and journey with you in a lighthearted and entertaining way. Always do your own due diligence and research. Otherwise consider consulting a Professional Financial Advisor before making any financial or investment decisions.
This blog and link shared does not necessarily reflect the view and opinions of morganwise.blog.
https://morganwise.blog/2023/11/18/an-introduction-to-goud999safe-com-another-way-to-save-and-invest/
