coininvest.com MD laments ‘tremendous challenges’ in platinum demand, supply
Interest in platinum bars and coins is currently very high, but Germany-based coininvest.com MD Daniel Marburger warns that the industry is facing “tremendous challenges” with supply, especially as there are limited new product announcements, meaning that demand cannot be met.
With the advent of the Covid-19 pandemic, Marburger cites the last six months as “extraordinary” in term of the extent of the impact on precious metals markets.
“The pandemic has changed the needs of our client base, and we are seeing that they are interested in investing in precious metals [owing] to economic and geopolitical uncertainty, which is prevalent on a global scale,” he comments.
Marburger explains that precious metals are traditionally less volatile than other forms of investment, which “makes them an interesting proposition” in times of economic instability.
However, with regard to platinum, coininvest.com is not seeing a difference in demand between bars and coins, both of which are equally popular and in high demand.
Unfortunately, pandemic-related closures of refiners and mints have reduced the availability of platinum products more than those in gold.
“We at coininvest.com are very fortunate to be direct distributors of government-owned mints such as The Royal Mint and the Royal Canadian Mint, and we benefitted from stock levels established before the pandemic,” Marburger says.
However, he adds that sourcing additional material has been, and continues to be, challenging as there are limited to no platinum coins or bars available on secondary markets, “making it almost impossible” for coininvest.com to supplement its stock.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...
VISIT SHOWROOM
Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
