| 1 | As measured by the balance sheets of the four largest central banks. At the end of 2012 the total balance sheets of the Bank of Japan, the US Federal Reserve, the European Central Bank and Bank of England stood at $9.4 trillion USD |
| 2 | Kennedy, Simon and Ryan, Jennifer (January 28, 2013) "Carney urges central banks to achieve 'escape velocity' for economies; still room for stimulus". Financial Post. Retrieved on February 1, 2013 from: http://business.financialpost.com/2013/01/28/carney-urges-central-banks-to-achieve-escape-velocity-for-economies-still-room-for-stimulus/ |
| 3 | Gross, William H. (February 2013) "Credit Supernova!". PIMCO. Retrieved on February 1, 2013 from: http://www.pimco.com/EN/Insights/Pages/Credit-Supernova.aspx |
| 4 | Johnson Matthey (November 2012), Platinum 2012 Interim Review |
| 5 | Clark, Jeanette (January 31, 2013) "SA Platinum, gold mining electricity costs up $780m since 2007". Mineweb. Retrieved on February 1, 2013 from: http://www.mineweb.com/mineweb/content/en/mineweb-whats-new?oid=175591&sn=Detail |
| 6 | MacDonald, Alex (February 2, 2013) "Platinum Market Seen Producing Deficit of up to 760,000 Ounces in 2013 - CEO". 4-traders. Retrieved on February 3, 2013 from: http://www.4-traders.com/AQUARIUS-PLATINUM-LIMITED-9058842/news/Platinum-Market-Seen-Producing-Deficit-of-up-to-760-000-Ounces-in-2013-CEO-16006147/ |
| 7 | The catalyst formulation and loading used varies greatly from one vehicle to another based on the engine's control strategy, the relevant emissions control legislation, the engine's size and where the catalyst is positioned on the car. The worldwide average platinum group metal content is around 4-5 grams per car, but the range is very wide - from 1 g on microcars to 15 g or more for larger, more powerful vehicles. |
| 8 | Bloomberg News (January 28, 2013) "Beijing Smog Prompts Car-Emissions Tightening: Chart of the Day". Bloomberg News. Retrieved on February 2, 2013 from: http://www.bloomberg.com/news/2013-01-28/beijing-smog-prompts-car-emissions-tightening-chart-of-the-day.html |
| 9 | Johnson Matthey (November 2012), Platinum 2012 Interim Review |
| 10 | Ibid. |
| 11 | Ibid. |
| 12 | Wallop, Clementine (January 30, 2013) "Norilsk sees palladium output flat in 2013". MarketWatch. Retrieved on February 1, 2013 from: http://www.marketwatch.com/story/norilsk-sees-palladium-output-flat-in-2013-2013-01-30 |
| 13 | Barclays Commodities Research, December 20, 2012 |
| 14 | Johnson Matthey (November 2012), Platinum 2012 Interim Review |
| 15 | Nick Laird "Days of World Production to Cover Short Positions" chart. Retrieved from: http://www.caseyresearch.com/gsd/home |
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