Are Platinum stackers out there?

Discussion in 'Platinum' started by TeaPot&ChopSticks, May 5, 2012.

  1. TeaPot&ChopSticks

    TeaPot&ChopSticks New Member

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    Been stacking since this year - thought about stacking in 2009 - but wanted to do my own home work and look in gold and silver more. Three years later and it feels like I missed the second train at the station, considering the bull market started in 2000. I cannot see platinum going higher than it is, and I would prefer the store of gold and silver. Those canadian platinum maples are a thought though. Too bad those perth mint emus now have numismatic value. Good to hear back from people.
     
  2. goldpelican

    goldpelican Administrator Staff Member

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    Platinum cheaper than gold is an aberration that will correct in my opinion.
     
  3. cowwws

    cowwws Member

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    +1

    1oz Platinum Pamps & Perth mint Platinum-puss coins are super cheap right now.
     
  4. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    I have only one ounce of platinum but am eager to get to at least 10 ozs. I think it did better than gold in the 1978-1980 spike.
     
  5. TeaPot&ChopSticks

    TeaPot&ChopSticks New Member

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    I have to confess that I have not done much reading into platinum otherwise than to say in good times the price goes up and in bad times the price goes down. So looks like there are some buyers here. Have to do some more reading. Thanks
     
  6. SilverSanchez

    SilverSanchez Active Member

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    I agree, smaller physical market than silver and production is really only out of South Africa (80%+)
     
  7. SilverSanchez

    SilverSanchez Active Member

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    Its also used in many (and increaing) industrial applications along with all the PGEs
     
  8. SilverSanchez

    SilverSanchez Active Member

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    Platinum also use to be used as coinage in Russia and surrounding countries - so it also goes up in bad times ;)
     
  9. finicky

    finicky Well-Known Member Silver Stacker

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    Hi TeaPot&ChopSticks - I've been buying a perth mint 1 oz Pt coin from time to time, including recently. I buy the platypus as I like the 30,000 mintage limit and the fact that it was sold out in 2011. http://www.goldstackers.com.au/store/platinum-coins.html

    Frankly I was looking at the chart again today and after Friday's move I see more chance that it will move a bit lower. Platinum in a 10 week correction now against USD and also a 7 week downtrend against gold.

    I also can't believe that this trend won't be reversed - platinum's a lot harder to get from the earth than gold and much of it is consumed industrially. Its disadvantage is the non-role that it will play in the future world currency crisis - just imo. Great store of value though and who knows what supply demand issues will arise in the future to possibly elevate it again?

    Discussion we've had on the subject here:

    http://forums.silverstackers.com/topic-15089-platinum.html

    http://forums.silverstackers.com/to...ts-no-one-hit-wonder-underowned-oversold.html
     
  10. goldpelican

    goldpelican Administrator Staff Member

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    Do we need a Platinum forum? I'm in an adminy type of mood.
     
  11. Chilli

    Chilli Member Silver Stacker

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    Go for it ;)
     
  12. Silverbullet08

    Silverbullet08 New Member

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    Platinum forum ftw!!!
    I personally dont know much bout this metal, would be great to learn more :)
     
  13. grinners

    grinners Active Member Silver Stacker

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    [​IMG]

    [​IMG]
     
  14. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    I have a 1oz coin, I probably need more than 1 for a stack.

    I only bought it because it was cheaper than gold, once platinum goes up I will have to decide whether it has more numi value than spot value.

    Won't be adding many more though.
     
  15. TeaPot&ChopSticks

    TeaPot&ChopSticks New Member

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    I am a great Canadian Maple fan - any one know a Australian Dealer that sells these? The Platinum One Ounce coin.
     
  16. finicky

    finicky Well-Known Member Silver Stacker

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    What was that you said?
     
  17. mike titanic

    mike titanic New Member

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    All I have is 1/4 oz eagle that I bought for about $350 last year.I looked at some 1 oz eagles but the premium is so high I couldnt do it.While the price per oz is about $1500-$1600,all of the sites and e bay want somewhere around $2200 per coin.So if I can buy a gold eagle at $99 over spot its no contest.JMHO
     
  18. finicky

    finicky Well-Known Member Silver Stacker

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