The impact of events in the Ukraine and mining strikes in South Africa are some of the issues to be discussed at a precious metals seminar in Jersey. Leading bullion trader, GoldMoney is to host the lunchtime talk on Platinum and Palladium together with Leon Westgate, Commodities Strategist, Standard Bank.
The seminar is to be hosted by GoldMoney's Head of European Business Development, Martyn White: 'Both platinum and palladium are heavily used for industrial purposes, particularly in the automobile industry for catalytic converters and in electronics. We will be looking at the simple supply and demand factors which are boosting investment interest in these rare metals. I am delighted that Leon is able to join us for this seminar and give his expert view on current market conditions.'
Leon joined Standard Bank as a commodities analyst in 2007. Leon supports the bank's base and precious metals desks around the globe. Prior to Standard Bank he worked for Bloomsbury Minerals economics for 4 years as minerals economist. He has an Honours degree in Geology and a Masters Degree in Mineral Project Appraisal. Standard Bank is Africa's largest bank and operates in 19 African countries, and 10 countries outside Africa.
The seminar will look at how and where platinum and palladium are mined, how they compare to gold and silver, and forecast future demand.
The lunchtime seminar takes place on Monday 12th May at the Grande Suite, Grand Jersey between 12.30 and 2pm. A certificate of attendance is available upon request. For further information please visit: www.goldmoney.com/company/events/platinum-palladium
NOTES TO EDITOR
GoldMoney is one of the world's leading providers of physical gold, silver, platinum and palladium for retail and corporate customers. Customers can trade and store precious metal online easily and securely, 24 hours a day.
GoldMoney stores around $1.4billion of precious metals worldwide for over 22,000 customers.
GoldMoney has offices in London, Jersey and Hong Kong. It offers its customers storage facilities in Canada, Hong Kong, Singapore, Switzerland and the UK provided by the leading non-bank vault operators Brink's, Via Mat, Malca-Amit, G4S and Rhenus Logistics.
Historically gold has been an excellent way to preserve purchasing power over long periods of time. For example, today it takes almost the same amount of gold to buy a barrel of crude oil as it did 60 years ago which is in stark contrast to the price of oil in terms of national currencies such as the US dollar.
GoldMoney is regulated by the Jersey Financial Services Commission and complies with Jersey's anti-money laundering laws and regulations. GoldMoney has established industry-leading governance policies and procedures to protect customers' assets with independent audit reporting every 3 months by two leading audit firms.
Follow the GoldMoney Dealing desk team on Twitter: @goldmoneyupdate