Platinum

[Creature_of_the]

Probably a silly question but I was wondering if as I heard a few weeks ago there is only 6 weeks (months?) of platinum supply available to the market, then if that runs out because of strikes , and the world needs supply, would it be able to draw on and use the etfs that have it under lock and key(Hopefully). Does anyone have figures for what is left in the supply line and stocks.

[SimonPB]

think that was what the local mines that have strikes have above ground (6 weeks) .. they always stock pile a bit in case of long strike .. if they run out there are there other sources for now; s*****, recycle, other mines, stock piles etc. The world will hit a shortage eventually, likely only 2015 at best I thinks

[Creature_of_the]

Thanx muchly Simon.Do u know if a worldwide shortage would cause the etfs etc to release their stockpiles or are they locked up and like unobtainablite?

[SimonPB]

ETFs can not release their holdings, unless people sell and then they redeem units and sell plat .. for the record I hold NGLT for long term

[Major]

Local mine stockpiles are probably running low by now, but you also have stocks within the refiners. Canada and Russia both still supplying, as are many SA mines where NUM is the majority. LME has some stocks, as do the benefactors. So a while to go before ETFs stocks needed.

[warhippo]

And interestingly AMS +30% last 3 months!