platyna vs zloto

[A Sz1]

Ostatnio w jednym newsletterze, ktory subskrybuje napisali:

Many market commentators are on record claiming that gold is in a bubble. When it comes to platinum, one of the bullish arguments in favor of the gray metal is that it is more scarce in nature than gold and thus more “precious.”

This is a misconception. In the Earth’s crust, where current technology allows for the economic mining of metals, platinum is more abundant than gold by every single estimate. On average, gold is estimated to exist in concentrations of 0.0011-0.004 parts per million (or grams per tonne) and platinum at 0.003-0.005 ppm. These numbers may be eye opening for some, but we do not imbue metal ratios with market prediction power. They represent fundamental supply on a scale that is not necessarily relevant to current market conditions. And the relative rarity of a metallic element in the Earth’s crust is not the same thing as the relative rarity of economic concentrations of that metal in exploitable locations.

Much more influential is the current turbulence in the North American and European markets, two significant consumers of cars and hence platinum. The governments in both areas are focused on boosting economic growth with spending stimulus and run the risk of boosting inflation and lowering living standards. This could result in falling demand for cars, even if paper money is more abundant.

Ostatnio w jednym newsletterze, ktory subskrybuje napisali:

Many market commentators are on record claiming that gold is in a bubble. When it comes to platinum, one of the bullish arguments in favor of the gray metal is that it is more scarce in nature than gold and thus more “precious.”

This is a misconception. In the Earth’s crust, where current technology allows for the economic mining of metals, platinum is more abundant than gold by every single estimate. On average, gold is estimated to exist in concentrations of 0.0011-0.004 parts per million (or grams per tonne) and platinum at 0.003-0.005 ppm. These numbers may be eye opening for some, but we do not imbue metal ratios with market prediction power. They represent fundamental supply on a scale that is not necessarily relevant to current market conditions. And the relative rarity of a metallic element in the Earth’s crust is not the same thing as the relative rarity of economic concentrations of that metal in exploitable locations.

Much more influential is the current turbulence in the North American and European markets, two significant consumers of cars and hence platinum. The governments in both areas are focused on boosting economic growth with spending stimulus and run the risk of boosting inflation and lowering living standards. This could result in falling demand for cars, even if paper money is more abundant.

Much of the opinion that the platinum price will rise is based on the expectation that the global economic problems will be solved very soon. To us, that seems highly unlikely.

To jak to w koncu jest? Czy to zalezy kto jak mierzy? W sumie oni tu niby biora pod uwage dosc obiektywna miare – ilosc czastek na jednostke pojemnosci skorupy ziemskiej…

pozdrawiam,
bm

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