Plateau Mineral's sees continued demand for its Precious Metals units
Gold | 2011-01-11 07:12:25
The increased demand from jewelry sector as well as institutions could help create increased demand for Plateau Mineral's Precious Metal (PM) business units
By Paul Ploumis
NEW YORK, NY (Scrap Monster): Plateau Mineral Development, Inc.(PINKSHEETS: PMDP) announced it continues to see increased demand for its Precious Metal (PM) business units, particularly its shipping & storage and surety operations
The increased demand is supported by the recent World Gold Council (WGC) complete Third Quarter Gold Market Outlook that reports increased 2010 worldwide demand across all sectors. Demand is seen coming from the jewelry sector, as well as from institutions, including central banks, and a jump in industrial demand "on the back of renewed growth in the electronics industry, due to the majority of semi-conductors being wired by gold."
This growing demand is expected to continue to grow through 2011 and beyond which has already placed the Company's broad range of Precious Metal services high demand and additional agreements and business unit activations are anticipated. The Company believes the G7 governments, with the USA as the leader, will continue to debase their currencies thereby further pushing gold and silver back into the forefront as inflationary safe-havens and value-storage. (Marketwire)
