The drastic drop has taken me a bit off guard. My plan was pretty simple, buy more Ag. But now that other PMs are getting hammered I'm wondering if I shouldn't diversify. Look, I don't have a lot right now...fiat that is. Let me tell you what I have and maybe some of you could give suggestions on where to go. My Pms are thus; Au 88% Ag 10% Pt 2% Pd 0% You see why adding more Ag is a no brainer, but I wondered should I add some of everything, especially more Pt and jump into a little Pd. I thought if Pd goes sub 600 I might try to go ahead and get an oz, which would leave me out of gold and Pt because I want to boost my silver. or should I ignore Pd and go for more Pt, whih is what I'm leaning to. I guess what I'm asking is; Silver and what else do you recommend buying? Au, Pt or Pd I appreciate your time and thoughts!!!
Right, I'm waiting till I an see the whites, yellows, and grays of their eyes, but whom do I fire upon? And with which guns? Small arms at who? Howitzer at who?
dude are you withdrawing all your fiat and selling it because it loses value on a daily basis? hell yeah!
Is the Pt market liquid over there in the US, a few months ago there were 2 platinum koalas for sale on SS at spot and nobody wanted them.
Personally I'd love to hold some Pt, and to a lesser extent Pd. Just as a speculative position in precious metals.
the stench of nervous perspiration must be dealt with. My current plan is to wait...if Pt goes sub 1600 I buy, if not Ag. I've got plenty of Au, though sometime today the price will call like a siren's song..."I'm yellow, I'm shiny, buy me now and risk your hiney"
Are those percentages in $value or weight? I always like silver because of the ratio and the ability to add more ounces of a product that is exchangeable if this world wide ponzi scheme implodes
I tend to think at Pt and Pd will follow the market for oil much more closely than Ag or Au. Ag's use as an industrial metal is both a blessing and a curse - it keeps demand up, but the requirement for it to be commercially viable also keeps a lid on the price. I guess the same is true of Pt and Pd. Gold has been, by averages, a bit topped-out recently, but I do tend to think that it's still the first port of call when property and stocks fail. OK, I'll admit I'm a bit wary of Pd. It's got the shortest history and has never done anything stellar to this point - but that proves nothing. Oh, for a crystal ball that showed next week's MACD on metals! Now those would be valuable! That's my 2 bits.... ST
True and thanks for your input. I'm keeping a very close eye today. i may not buy at the very bottom, but will pull the trigger the moment I feel the tide begin to rise. I've set a bottom support for Pt, but Ag will be purchased regardless
I can't help unfortunately, I am silver all the way, it is cheap enough to buy on a regular basis and I still think it has the greatest potential to rise. Of course it is not rising at the moment so what would I know?
Well, I've been wanting to increase my silver stack for a while and it's a good time, but I also want to add a bit more Pt if it continues to get hammered. My reasoning is simple; I can always afford Ag at 40 if need be, but Pt at 1800 + not so much. I just feel it's a good deal now and if does dip below 1600 a great value and I could afford to actually buy a half oz. Last of the big spenders Huh? LOL
