south_africa

Platinum Breaks New Record, American Eagle Coins Back on Sale

by CoinNews.net on February 4, 2008 · 2 comments

Platinum took a mad dash upward earlier today, breaking another new record of $1,803.80 an ounce on the New York Mercantile Exchange (NYMEX). Investors watching the power shortage problems in South Africa, who produce four-fifths of the world’s platinum, bet on a constricting supply.   “Mine output disruptions continue to fuel the rally” in platinum, [...]

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