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![]() Real Wealth #145 01/25/2008 This is how the market will bring $5,000 Platinum into reality.Supply interruptions will show the South Africans and Russian that $2,000 Platinum won't hurt the amount of U.S. dollars they're taking in for their production.
They'll quickly realize they can raise the price of Platinum to $5,000 sell 20% of the metal and will actually receive more net dollars. $5,000 platinum will become a reality very quickly. The supply of platinum is drying up thanks to South Africa's Platinum miners, including the world's three biggest producers of the metal, being forced to suspend mining operations in the country due to a power shortage, driving their share prices lower and causing spot platinum prices to surge to record highs — up as much as $67 in a single day to a new record $1652.00 an ounce.. Anglo Platinum Ltd. (AMS.JO), the world's leading producer of platinum, has suspended all operations in South Africa after the country's power supplier said it couldn't make guarantees about the supply of electricity to mines, a spokesman said Friday. Impala Platinum Holdings Ltd. -------------------------------------------Advertisement --------------------------------------------- Reason #1: To put physical Platinum in your IRA Platinum is starting to make its move from $1500 to $5,000. Supply interruptions from NOW is the time to put physical Platinum in your IRA Retirement account ASAP!!!! Call Finest Known TODAY and we'll show you how you can put some physical gold in you're IRA
1-866-697-GOLD (4653) ---------------------------------------------------------------------------------------------------------- London-based Lonmin PLC ( Angloplat spokesman Trevor Raymond said the Johannebsurg-based company's mines had electricity, but a decision was made to conserve power. He added there was no indication how long operations would remain shut down. Implats' Gilmour said all deep-level mining operations in the country would have to be suspended for safety reasons. He said state-owned utility Eskom Holdings Ltd. sent a letter to companies requesting that they conserve electricity, and suggesting mines close down because a supply of power might not be maintained. The country's largest gold miners, which operate the deepest mines in the world, also have been forced to suspend operations. At 1015 GMT, shares in Angloplat were trading down 2.9% at ZAR942, Implats was off 3.2% at ZAR240 and in London Lonmin shares were 2.3% lower at 2960 pence. Spot platinum prices reacted to the suspension of activity in Eskom late Thursday said adverse wet weather conditions in "The prognosis is that load shedding will continue for the next two to four weeks," the company said. Public Enterprises Minister Alec Erwin on Friday described the situation as a national emergency, although he said growth in the country's economy at current healthy levels can continue "if we change our behavior and become more energy efficient," the South African Press Association reported. Best Wishes, James DiGeorgia Editor and Publisher Please see risk disclosure link below. |
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