Basically, platinum gets all the benefits of gold as a precious...

Basically, platinum gets all the benefits of gold as a precious metal, plus it gets further benefit on economic recovery because of its severe rarity in the world at a time when people will be flooding the market with Gold bullion they want to get rid of that they have been hording as purely financial hedging for this economic crisis. When the currency starts to recover and stability returns, a lot of gold will re-enter the market. There are mints all over the world like the Perth Mint who have been melting down huge quantities of gold from large bullion bars to coin to meet the retail demand. The reverse will happen in recovery at a time when gold producers will have increased production.

I tell you, platinum is the dark horse. If you can’t get platinum, the other metal to consider is silver which is also used in industry, but platinum has the right mix for me. Mainly because platinum is very expensive to mine, very expensive and hard to get compared to gold and it takes months to produce from any mine starting up production from anew of from being shutdown. There have already been major closures of platinum mines in the world at a time when there is already a deficit of platinum consumption per annum. It was already a very tight market before the closures and this deficit gets worse it cannot be quickly reversed.

The platinum price during the deleveraging of 2008 to cash like all other commodities like zinc has been enormous, but it has overcorrected severely without regard to its precious metal status. Platinum is a relatively new precious metal in the world and whilst people have been focusing on gold, platinum actually has more “precious metal” qualities in economic and rarity terms than the yellow stuff.

With the mine closures and the new Exchange Traded Commodity (ETF/ETC) and bullion products being created the market can only grow for platinum against declining producting and increasing deficits. You have countries storing platinum bullion for investment like the swiss. I think platinum is going to show a spectacular recovery when the fundamentals start driving the price up at a time when a company like Platinum Australia as one of the lowest cost producers in the world is commissioning the worlds cheapest and world’s largest open pit platinum mine in the world.

So Platinum Australia with the largest platinum open pit mine in the world in a couple years, with increasing demand through bullion ETF’s and motor regulatory pollution efficiency targets becoming further regulated in China requiring more platinum, I really cannot see PLA stock at 40,50,60,90 cents a share, I can see it at $5-10 a share in 3-5 years, but that is just my personal opinion but no doubt people will only look at the “modern” precious metal as an industry commodity for cars, however not realising that for low-efficient pollution retardant catalytic converters for petrol engines, palladium is used, not platinum. So the auto down-tern is majoritly effecting palladium price, not platinum.

The case for platinum is strong, it’s a modern precious metal with modern uses, it’s rare, very rare, and it is becoming increasingly difficult to produce and as such increasingly difficult to introduce more of it to the market as "money" in the form of bullion unlike cash which they simply print some more ink on paper and pass it around in the countries like it is supposed to be worth something other than a debt by a government that will have a snow flake in hell’s chance of even repaying the interest!

Platinum Australia in 2011/2012 will have the worlds largest open-pit low-cost platinum mine in the world, I'll say it again, Platinum Australia will have the LARGEST open-pit LOW-COST platinum mine in the world in just a couple years producing 350,000 ounces of platinum a year at what might be then a spectactular spot price. There are larger producers out there producing more ounces are year, but they are not anywhere near as competitive on cost of production.