The precious metals markets have witnessed a de facto separation between the paper platinum spot price and the physical bullion price, as US retailers oft pay more than 3.3% for non-numismatic coins and bars. The spread on platinum products are, in most cases, twice the amount of their gold counterparts. This is a trend that each precious metals market will soon also experience.
Many people have spoken about this event in relation to the silver market. They argue that, as a result of coerced silver pressure to the downside, physical demand will one day force a divide between what the paper-silver and the physical silver costs.
Platinum is the rarest precious metals on planet earth, and primary platinum is only mined in South Africa, where there are just 12 mines. In fact, all this platinum comes from a mere 200 miles of terrain. In Russia, to be sure, a small percentage of platinum is mined, if only as a by-product of their nickel mining.
When perusing the web, it’s quite clear that the availability of retail platinum to the public is dramatically limited. At Compare Platinum Prices.Com, one can spot-check the prices of the web’s most competitive platinum prices. At this website, you can see that the most competitive asking price for the Perth Mint’s Platinum Platypus—one of the most actively traded retail platinum products—is about $100. This is the premium paid for gold numismatic coins. The Platinum Platypus, however, is one of the main bullion products offered to individuals at the retail level.read on!
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