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Magma Metals Limited T.MMW



TSX:MMW - Post by User

Post by abner29on Jan 10, 2010 5:41pm
250 Views
Post# 16661497

ETFs for Pt and Pd

ETFs for Pt and Pdnow authorized and trading:
https://finance.yahoo.com/news/Platinum-Palladium-ETFs-indexuniverse-385480658.html?x=0&.v=1

What this means is that the public now has the ability to conveniently own and trade both Platinum and Palladium via these ETFs traded on the NYSE.  The industrial users of these metals lobbied hard against allowing the ETFs because of concern that major amounts of Pt and Pd would be syphoned off into the vaults holding the ETFs assets with the result that prices for the metals would rise.  Both platinum and palladium are trading well below previous highs, versus gold near its high.

Another sinister  point has been raised  favoring PMGs vs gold bullion, that should the US government, or other sovereign jurisdictions see fit to confiscate citizen held gold, that PGMs would be a good and safe alternative.  Let's not forget that the US government did indeed make owning gold illegal back in the early 30s so it's not an imaginary concern.

MMW has an extremely promising PGM project underway in the Thunderbay , Ontario area.  The ore is reputedly near 1 to 1 Pt to Pd ratio which is exceptionally rich.  Institutions, including Angloamerican, have been recent buyers of the shares, seemingly still beneath the publics radar.  I don't mind.  Still accumulating a position.  Do your own DD.
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