Very happy with my little cluster of platypuses. One of my favourite coins. I love the density compared even to gold.
Got a few - nice coin - Platinum is seriously underbought and will catch up. Not swaping gold but will buy Platinum and Palladium where available......I know laugh all you want but that is what they told you about silver in 2000.
I don't disagree, not sure that Platinum will quite keep up with Gold but it is nice to have some diversity. One of my other favourite coins (apart from the Platinum Platypus) is the Palladium Ballerina.
Yeah... hope I haven't broken some sort of rule there... Like I said earlier, I'm saving up to buy one. Of all the Perth Mint coins I've seen, it's my favorite design. I like the name, and I like the actual animal - they're cool. When I went over to South Africa a few years back, to meet my sister-in-law and her young son, instead of taking along a boring old koala, I took a stuffed toy platipus. When I explained its name to everyone, they looked at me in horror. "Puss" is a VERY rude word in Afrikaans. They didn't want to teach their 3 year old that word, or anything vaguely sounding like it. My sister-in-law said "we'll just call it a duck". True story
Rumour is that over 25,000 of the 2011 coins have been sold - there's a mintage limit of 30,000 so this coin could start to see some numismatic upside in future - particularly if 2011 doesn't reach the full mintage! Palladium Emus trade for some serious premiums over spot - the Platypus could be a sleeper. Time to slip a 2011 into the SMSF while there's still a chance methinks!
How do you buy these platypuses? I've searched the Perth Mint website from every angle and all I come up with is the 'dreaming' rubbish. I've always found Perth Mint site very unintuitive. They lost any business from me years ago when I got a snooty response to enquiries. the woman at the other end of the line didn't care whether I bought or not. Public servant.
You'd think that the PM would offer it for sale on perthmintbullion.com.au but it isn't there :| both Bullion Bourse and Gold Stackers sell the 1oz Platypus on their respective websites, not sure if there's anything closer in Brisbane or Qld - maybe try Ainslie Bullion?
You need to call Perthmint 1300201112 to buy Platinum Platypus. It can only be bought through Telephone and yes you have to be registered Perthmint member.
Darn I really want one of these.. Dragons drained me but, let me look in the cookie barrel. Anyone bullish for the plat?
I have ordered and paid for a couple at http://www.goldstackers.com.au/store/platinum-coins.html but there is a 2 week wait till this particular item is posted out. I looked around for Pt in the global financial crisis but couldn't find anyone who stocked platinum. It was about the same price as gold then too, and not much more than half the price it is now. Platinum much rarer than gold in earth's crust, and additionally is industrially consumed. On the other hand it has no recognition historically as money; that's the somewhat irrational leverage that gold and silver have. We've been pretty disadvantaged on Australia in the PM market, but it seems to be getting a lot better.
Speaking of which, those Platypus are on their way to you tomorrow Had a good look at them in the flesh - think I'm finally convinced to get some personally now!
Just had confirmation from the mint - the release date of the 2012 Platinum Platypus will be 1st January 2012.
The 2011 Platypus is now officially sold out! http://www.perthmintbullion.com/blog/blog/11-11-14/Silver_And_Platinum_Bullion_Coin_Sell_Outs.aspx
2012 Platys out soon. Last chance to get the 2011 in the primary market. Golddealer.com has today @ $91 over spot ($1514)(+6%) / Buying @ spot + $11. Apmex has @ $1627 (+7.5%) and is buying at $1552 (spot + $38). While these may or may not have future numi primi, the Au/Pt ratio is currently at 1.14 Compare to a historic ratio (and a "face value ratio") of 0.50. Looks like a buy to me. Everyone hopes to make a "profit" from their investments, but in order to make a profit in bullion, the value of the dollar must typically be inflated. Thus, one may double their money but recieve dollars which only buy half as much. You can however make a "bullion profit" by always selling the overvalued commodity to purchase the undervalued one. So, if someday you can trade your plat for gold at 1:2, you have made a REAL profit. IMHO, gold is underpriced (relative to other coms: plat, oil, corn, etc). It may be a good buy, but really.... when you can hear constant hyping of gold in the mainstream advertises, it is time to be careful. Remember when you had to listen to short-wave to hear a Swiss America commercial??? Diversify, but watch the ratios.
