paper platinum group metals?

Discussion in 'Platinum' started by SilverKendo, Jan 7, 2015.

  1. SilverKendo

    SilverKendo New Member

    Joined:
    Dec 26, 2013
    Messages:
    259
    Likes Received:
    1
    Trophy Points:
    0
    Hello all,

    I am interested in diversifying a little bit into the platinum group metals. Unlike my gold and silver which I have physical I think I would rather have my platinum group investments in paper. I think it is because it will get confusing for me trying to add bits of PT and PD to the stack. I think paper will give me some exposure to the metals without the coins or bars getting lost in the silver pile. Here's the thing though; I have no idea how to invest in paper metals. Can someone point me in the right direction on how to do this and where I can buy the shares? I am a total newbie on this so any links or advice is welcome.

    Thanks,
    Chris
     
    SilverKendo, Jan 7, 2015
    #1
  2. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,327
    Likes Received:
    174
    Trophy Points:
    63
    Location:
    Australia
    Assuming you're in Australia, the best way is probably to buy ETFs on the ASX - specifically ETPMPT (Platinum) and ETPMPD (Palladium); alternately there is ETPMPM which is a mixed basket of gold, silver, platinum and palladium. Basically these all track the spot price of the underlying metal(s).
     
    whinfell, Jan 7, 2015
    #2
  3. SilverKendo

    SilverKendo New Member

    Joined:
    Dec 26, 2013
    Messages:
    259
    Likes Received:
    1
    Trophy Points:
    0
    Hi whinfell,

    Thanks for the reply. I should have mentioned I'm in the US. I'm assuming if I am in the US I cannot buy ETFs on the ASX?
     
    SilverKendo, Jan 7, 2015
    #3
  4. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,327
    Likes Received:
    174
    Trophy Points:
    63
    Location:
    Australia
    Unsure whether a US investor can/can't buy ASX ETFs and shares, but I think you'll find there are equivalent precious metals ETFs available on US share markets.
     
    whinfell, Jan 7, 2015
    #4
  5. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

    Joined:
    Oct 19, 2014
    Messages:
    2,493
    Likes Received:
    15
    Trophy Points:
    38
    Location:
    R.I.P
    I'm pretty sure there are services that allow retail investors the states to buy shares on the ASX. With our tanking dollar it probably isn't a great idea though, you'll lose 5%-10% as the exchange rate drops over the next few months.

    I'm almost certain that there are equivalent ETFs in the states though. You could look into buying actual commodities contacts but an ETF will be much easier.
     
    phrenzy, Jan 7, 2015
    #5
  6. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    Caput Lupinum, Jan 8, 2015
    #6
  7. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

    Joined:
    Oct 19, 2014
    Messages:
    2,493
    Likes Received:
    15
    Trophy Points:
    38
    Location:
    R.I.P
    I keep reading good things about palladium, anyone know of a good low premium option for that or is an etf the way to go?
     
    phrenzy, Jan 11, 2015
    #7
  8. SilverKendo

    SilverKendo New Member

    Joined:
    Dec 26, 2013
    Messages:
    259
    Likes Received:
    1
    Trophy Points:
    0
    Hello all,

    Thanks for the replies. I am really interested in platinum group metals but I wouldn't be dropping large amounts of cash at once so I don't think the ETFs will work for me. My funds for investment are small but regular. Even with an online discount broker the fees would eat up too much unless it went to the moon and I'm not going to make that bet. I guess I will look into buying some physical. Thanks again!
     
    SilverKendo, Jan 12, 2015
    #8
  9. Kam

    Kam Active Member Silver Stacker

    Joined:
    Dec 30, 2012
    Messages:
    1,942
    Likes Received:
    1
    Trophy Points:
    38
    Location:
    Canada
    You can get some fracional Pt bars or coins but the premium over spot will be higher than a 1oz bar/coin
     
    Kam, Jan 12, 2015
    #9
  10. SmartyFarty

    SmartyFarty Member

    Joined:
    Jan 28, 2015
    Messages:
    75
    Likes Received:
    0
    Trophy Points:
    6
    Platinum investment demand has grown from nearly 0% to about 10% of annual production in the space of about 10 years
     
    SmartyFarty, Apr 22, 2015
    #10

Share This Page