Platinum price decline: to invest now or not?

Discussion in 'Platinum' started by TreasureHunter, May 25, 2019.

  1. alor

    alor Well-Known Member Silver Stacker

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    Pd was a very good indicator of market CRASH as in March 2000 stocks ...Pd Peak out 1000+ the market crashed after that peak

    now
    we are looking at a peak again 2875? or 3000 etc and a CRASH will be on hand again 2020 ???
     
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  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Palladium seems to be crashing. Popped 2 oz pt. Fun buy. Just in case it shoots up back, at least I don’t feel even more silly. Don’t dare to buy more as it will still collapse.

    Again, I’m looking at a 5-10 years investment time frame. Meanwhile I haven’t got any gold and silver since the big crash. Feel that pt is the cheapest.

    I have the feeling that if Pd and Rh really crashes, pt will rise.
     
    Last edited: Mar 4, 2020
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  4. slavaja

    slavaja Well-Known Member Silver Stacker

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    PT is now $980 aud
     
  5. minimilled

    minimilled Active Member

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    A lot of things are starting to look oversold. This clearly is.

    I guess Manhattan is freaking out a bit.

    Very tempting to pull the trigger but will wait for the US open to see where it’s going.
     
  6. alor

    alor Well-Known Member Silver Stacker

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    INVEST NOW ???
     
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I missed the sub-$600. Website hang. Can buy now?

    EDIT: Still hang!
     
    Last edited: Mar 16, 2020
  8. alor

    alor Well-Known Member Silver Stacker

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  9. alor

    alor Well-Known Member Silver Stacker

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    which company, they may change minimum purchase amount up again like BS now $2k
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I give up. BS is selling 1 oz $800 usd, 25% premium.

    Maybe buy ETF?
     
  11. alor

    alor Well-Known Member Silver Stacker

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    coins prices never drop...
    spots may crashed, but premium stays the same, due to high demand...prices went up instead.
     
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I decided not to buy ETF. Love physical platinum too much. If I can’t get it at the usual premium, I won’t buy.
     
  13. alor

    alor Well-Known Member Silver Stacker

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    search can continue for real deal
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    By the way, Malaysia total lock down. No entry and exit for 2 Weeks. I’ll be searching the supermarket instead. Metals is 2nd priority.
     
  15. alor

    alor Well-Known Member Silver Stacker

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    may be spot Pt can drop to 400

    with spot at 600, bar premium is just no buy
    it could be worst when spot 400 ??? 12.5% could be more reasonable then or 7%

    there are very limited canned meat here, most likely people buy fresh meat here or frozen meat ?
     
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    If spot drop to 400, I'll be buying PPLT instead of bar. I haven't bought PPLT, only SLV and silver mines.
     
  17. alor

    alor Well-Known Member Silver Stacker

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    how to know it won't get force cash out at the bottom
    just like SLV was created at the bottom
     
  18. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Try buying physical platinum cheap; have fun with that :)
    Any sellers at spot??? :)
     
  19. alor

    alor Well-Known Member Silver Stacker

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    stock is limited
    mouse is 1.2k sgd
    bar at 1022 sgd
    bar sold out at 983 sgd
    spot usd 608
     
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  20. Coins A-Z

    Coins A-Z Active Member

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    The strategy of diversification seems like a smart one to me. It's why I've been adding small amounts of Platinum, including numismatic Platinum coins, to my holdings over the past few years.
     
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