*Sigh* Platinum takes a dump, again...

nickndfl said:

I suppose if you go to SD, BE, Bold, BGASC, Liberty, Silver Gold Bull, Money Metals Exchange, Monument Metals and KITCO you could probably score 500 oz in various sizes, but then the cat is out of the bag. Future spot price might be a bit higher with no physical inventory in NY or CA, but buying physical on the Shanghai Exchange might cost an extra $500-$1k per ounce. That's their game.

When I first started buying platinum coins only Kitco and SD had any regular inventory and little selection. Get what you want while you can folks because it will be unobtanium in < 7 years. Regular stackers will cash in at some point and then you need through Russia, South Africa or China to get more.

You can't just open a new platinum mine. It's byproduct from copper and gold mining and production cannot simply be ramped up like the petroleum industry.

Crazy talk is $20k per oz by the end of the bull run. I am cashing out before then.

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pmbug said:

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abrdn Physical Platinum Shares (PPLT) ETF Alert

One subject not discussed very often is the "Fails to Deliver" (FTD)

PPLT had one of the most concentrated periods from May 2025 to late June 2025 of clearing firms failing to deliver shares. (top chart)

Failure can occur when a buyer (the party with a long position) doesn't have enough money to take delivery and pay for the transaction at settlement.

A failure can also occur when the seller (the party with a short position) does not own all or any of the underlying assets required at settlement, and so cannot make the delivery.

It appears that these failures coincided with the spike in the platinum price as well as the borrowing fee (Bottom chart) to short shares. Could mean that as available physical Platinum became more expensive, the ability of authorized participants or market makers to manage share creation and redemption as well as stock lending operations became impaired or more difficult. It is possible that short positions were possibly naked at one point.

This is another risk of trading securities.

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