Platinum again, sorry if it makes you yawn...

[DoChenRollingBearing]

...

STILL at $50 cheaper per oz that Au, I want to get around to hearing more from "our lil ol community" re platinum and palladium. Esp. Pt.

Hint: I met a well-connected guy in NYC that tells me everything is going to work out just fine (well, uh, maybe that should be a "ruh-roh"...). Income taxes are likely to go up, but the lifetime giving exemptions are likely NOT to be reduced.

if so.

Here's a link from today to help jump-start our conversation:

http://www.marketwatch.com/story/platinum-prices-could-see-a-pop-even-as-deficit-shrinks-2015-05-22

 

[pmbug]

I'm not sold on the economic recovery premise underlying the appreciation forecast. There is still, IMO, significant risk of feces hitting fast spinning metal blades.

 

[coarsequarterly]

Article simply states platinum supply will be low and yet there is no increase in cost of Pt, does that means people are not in need of Pt ?

 

[11C1P]

So with platinum being so low, especially compared to gold, thought I might get a little bit, or at least take a good look at it. Right now gold is about ~$120 more per ozt than platinum, but to buy a 1ozt platinum eagle is about $80 MORE than a 1ozt gold eagle. Don't even get me started on the fractionals! I think I'll stick with buying silver by the pound and gold by the ozt or less.

 

[benjamen]

So with platinum being so low, especially compared to gold, thought I might get a little bit, or at least take a good look at it. Right now gold is about ~$120 more per ozt than platinum, but to buy a 1ozt platinum eagle is about $80 MORE than a 1ozt gold eagle. Don't even get me started on the fractionals! I think I'll stick with buying silver by the pound and gold by the ozt or less.

I have never understood why, but one ounce platinum eagles are much more expensive than other one ounce coins such as the maple leaf.

Eagle is going for ~$1,360
http://www.apmex.com/category/31115/1-oz-platinum-eagles

Maple Leaf is going for ~$1,100
http://www.apmex.com/category/32110/1-oz-platinum-maple-leafs

 

[DoChenRollingBearing]

...

October, 2011 is when I started this thread.

I am actually now LESS enchanted with Pt, even with the lower price (so a bad call on my part). Good reasons are above!

A bad economy will be BAD for Pt. They use it mostly in chemical plants & oil refineries and catalytic converters in cars.

"Platinum is for optimists."


EDIT: Premiums are VERY high for Pt Eagles. The Pt:Au ratio is 1.13, also VERY high.

 

[Christian]

Platinum only goes up when there is demand. The best investment is in gold and silver.

 

[benjamen]

Having been away from the precious metals space for a while, how the $%&# did platinum fall to almost half of gold?!

 

[pmbug]

Hey benjamin! Nice to hear from you again. Yeah, platinum has had a rough go for a while. I don't pay a whole lot of attention to it, but I seem to recall reading something about the price being tied to industrial use and demand fell ... or was that palladium?