Platinum price decline: to invest now or not?

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

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Around 1,100 $. It looks like it's going up, rather.
     
  2. alor

    alor Well-Known Member Silver Stacker

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    the only bull is Pd and Au
    Pt and Ag are bears
    look at the monthly charts

    weekly, silver will be testing, may be Pt will follow testing and breach 1200
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Pt will moon, only couple million oz stock, only worth couple billion dollars today price.
     
  4. alor

    alor Well-Known Member Silver Stacker

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    everyweek on FB, people selling lots of Pt (Engelhard Bars)
    even BS selling Russian 5kg+ Pt BARS
    very conflicting signals
    just [email protected]@KING
     
  5. tater

    tater Active Member

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    How much platinum will be needed for fuel cells?
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Currently an oz but new technology is suppose to be able to reduce it to 7g for a car. At the moment, pt is supposedly only used for diesel vehicles not cars. If only 7g, even if pt goes up to $5000, the pt needed will only cost $1125.

    Fuel cell catalyst with 7g platinum the size of a laptop versus half a ton to a couple tons of lithium nickel battery that needs to be refurbished couple few years, no need to guess which is more environmentally more friendly.
     
    Last edited: Jan 31, 2021
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Costs too much above spot. Why the high premium?
     
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  8. alor

    alor Well-Known Member Silver Stacker

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    must be re-purchase cost
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Premium is ridiculous. To think about it, the bullion price in early November wasn’t that much higher than in March. I bought my 2021 ox for $1030. Platinum was a laggard, was below $900k-$1k for many months. In the end, it’s not about price but about guts.
     
  10. dragafem

    dragafem Well-Known Member Silver Stacker

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    shortage-apparently price of platinum will go even higher.It has been hoovering above $1300aud for a while now...
     
  11. TreasureHunter

    TreasureHunter Well-Known Member

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    True :D

    I wonder if silver, gold, platinum could go on the rhodium way.

    Silver could easily reach 100 $. That seems very close. But I think we'll see the 15-17 $ range sooner than 30 $.
     
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    $15-17 still possible if the vaccine doesn’t work, but even if so there is no bullion to buy unless you are very fast. :D

    As the WSB say diamond hands. No $100 no sell. Ignore the paper fluctuations.
     
    Last edited: Jan 31, 2021
  13. TreasureHunter

    TreasureHunter Well-Known Member

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    You noticed bullion shortage nowadays? I am curious.

    Not sure, but I think a few dealers are already having shortages.

    I think it is normal at the beginning of the year to be some shortage.

    I still think gold will go sub-1,800 $, because the market is very undecided. And there are sell-offs. I wouldn't be surprised to see 1,500 % gold either, but I have a strong feeling about 1,700 $ being possible.

    The vaccinations and partial economic recoveries are undergoing. Even more severe economic problems will start happening next year, I think.
    Many of the industries and companies that didn't crash yet are going to collapse during "recovery".

    And many of the people who didn't lose their jobs until now will lose their jobs this year. I am already seeing these trends around me by talking to people who are working in various industries and are barely holding on (if they need to hold on for another year, they'll fall).

    It is the current "recovery" and Biden phase when even deeper problems will occur. The recovery is the illusion, but the masses don't understand why.

    Because some countries are going deeper into recession this year, registering tremendous budget deficits.
    Those countries will "strengthen the belt" next year.

    When the second phase of the economic crisis occurs (quite possibly during or after the pandemic-phase recovery) is when people and investors will hoard gold.

    I think now (again) we are going to face a bigger correction.
     
    Last edited: Jan 31, 2021
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  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Shortage is relative. There is definitely lesser bullion on the market as compared to a year ago. In my opinion, silver and platinum are strategic metals so the value cannot even be measured in monetary terms. The more you have, the better. Higher and increasing prices will help increase the stockpile.

    The key is the bullion must be in your country, doesn’t even matter if you don’t own it.
     
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  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Platinum still rising?? When ordered the last batch almost a year ago, I felt like a fool, the dealer was also looking at me with surprise. The premium was insane so the dealer encouraged me to get the 100g bar instead of coins which had higher premiums.
     
    Last edited: Feb 8, 2021
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  16. Coins A-Z

    Coins A-Z Active Member

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    To all the Platinum naysayers and doubters.......I told you so! :p

    Platinum to da Moon!
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    you did well, the pt mouse are now going to very valuable. To bad I only got 1 coin. Was slow.

    But I don’t see the bad sentiments changing until pt reaches over $1500-$1800.
     
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  18. Coins A-Z

    Coins A-Z Active Member

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    I wish I would have purchased 5 like by friend did.....but at the time we both purchased them from Bullion Exchange in the first week of September 2019 (if I remember correctly, Bullion Exchange had them available for sale for like 1 or 2 days before the authorized Perth Mint first day of sale date and quickly removed them for sale until they actually were compliant with the authorized first day of sale date like 2 weeks later), the spot price of Platinum had an unusual spike up.

    So, unfortunately for us, that 1 or two day window happened to coincide with a significant spike up in the spot price of Platinum in the first week of September 2019. But we purchased them to send them in for grading so getting them as early as possible was more important for us. The 2 I sent in to NGC got 70's. The one I didn't send in seemed to have a tiny blemish that I was concerned would prevent it from getting a 70.

    The NGC population for the MS (bullion version) Platinum Mouse in 70 grade is: 16................ considerably less graded 70 than even the Proof version. So I'm a happy camper knowing that the census for a perfect 70 grade BU Platinum Mouse is so low.
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The premiums for pt lunars were bad, so I bought only 1, so I guess it’s for keepsake. I bought a batch of bars in Jan and Feb 2020, which included the 100g that I put up, timing was bad, even the dealer thought that I had overpaid.
     
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  20. Coins A-Z

    Coins A-Z Active Member

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    Yes, timing is important but virtually impossible to get right all the time. I've made my share of poorly timed silver purchases......but then again, virtually all stackers I know would probably admit, if they are honest, that they've made some poorly timed silver purchases. Thank goodness that most (not all) of the silver I've purchased are pieces that I like and there's value in being able to appreciate something for it's beauty or it's scarcity or its sentimental value.
     
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