November 27, 2010

USA, 1911: Colombian ore and Iridium

1911 Platinum All-Time Record High (in avd.) noted in January 1912 journal.

The Price of Iridium increased in the latter part of 1911, 18.5%.

At especially exorbitant rates, these may be two leading indicators for war-time escalation: hoarding and inflation.  


1911: 1 Troy Ounce platina (Colombian import, 83%?) = USD$ 26.86
1911: 1 Troy Oz. Pt (Colombian ore @.999) = USD$ 32.36
1911: 1 Troy Oz. platina (SPb: Russian ore) = USD$ 35.19
1911: 1 Troy Oz. Pt (SPb: Russian ore @.999) = USD$ 42.40

1911: 1 Troy Oz. Platinum (USA: Ore & refined, Imported) = USD$ 38.48

Citation: Minerals Yearbook, 1911 ; US Geological Survey (1912) p.990



1911: 1 Troy Oz. platina (Mkt: US ore, 70%) = USD$ 28.8806
1911: 1 Troy Oz. Pt (Mkt: US ore & Scrap, .999) = USD$ 43.12

Citation: Congressional edition, Vol. 6419 p.984
 

Citation: The Mineral Industry, Vol. 20 (1912) p.597




1911: 1 Troy Oz. Platinum (refined ingot, NY mkt) = USD$ 43.12

NY Monthly Mkt Prices for Russian Ingot, 1910 - 15:
 
October 1911:
October 1911: 1 Troy Oz. Platinum (Mkt) = USD$ 46.25
October 3, 1911: 1 Troy Oz. Platinum (Mkt) = USD$ 47.50
 


October ? 1911: 1 Troy Oz. Platinum (Trade) = USD$ 50.06


Citation: The Commercial Telegraphers' Journal: The Official Organ..., Vol. 10 No.1



 


 
Iridium
 
1911: 1 Troy Oz. Iridium (refined, mkt.) = USD$ 63.



1911: 1 Troy Ounce Iridium (ingot, mkt) = USD$ 54.
1911: 1 Troy Ounce Iridium (ingot, mkt) = USD$ 60.
1911: 1 Troy Ounce Iridium (ingot, mkt) = USD$ 64. 




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