I was thinking the same thing. Platinum is valuable because it is rare. introduce a couple thousand tons and the price goes down, Introduce 100 million tons and it will be 10 cents a pound.
But, if we don’t get it first, we’ll have a platinum gap with the Russkis and then where will we be?
“I was thinking the same thing. Platinum is valuable because it is rare. introduce a couple thousand tons and the price goes down, Introduce 100 million tons and it will be 10 cents a pound.”
Well, it’s rare AND incredibly useful. Things that would be completely impractical to make today with $1000/oz platinum would be very practical at $100/lb.
Yes, but if a single company were to acquire it, they could control the market - a la DeBeers.
“Introduce 100 million tons and it will be 10 cents a pound.”
Correct, that’s only 20 billion.