Club Mulgoa

Thursday, January 05, 2012

Platinum

http://minesite.com/news/platinum-fire-sale-on-the-rich-mans-gold

This article is worth reading but it is very difficult to translate investments in platinum stocks into profit. They seem to keep exploring and never mining because it is extremely difficult to mine. A mining company has to sell first to generate a profit. My only platinum stock at the moment is PGM but currently it is a loss. It has been like a yo-yo. Another stock exploring in Canada has plunged in the last 12 months but I cannot comprehend why when it keeps reporting more platinum discovered at Thunder Bay.

So read the link... but don't buy! Investors do not follow logic.

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