Platinum price decline: to invest now or not?

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

  1. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    2,669
    Likes Received:
    241
    Trophy Points:
    63
    Location:
    Treasure Island
    I think it's a good buy, but it's damn hard to sell. Few will buy it if you want to sell.

    With Platinum I guess it's merely about speculation (just like Bitcoin). You buy it to sell it and make money.

    It's not like Gold.

    You'd want to buy Platinum and guess the next peak. Sell before the avalanche-sale starts :D
     
  2. Florida Stacker

    Florida Stacker New Member

    Joined:
    Sep 15, 2019
    Messages:
    12
    Likes Received:
    10
    Trophy Points:
    3
    Location:
    Florida USA
    My Local Coin Shop Dealers here in Florida will offer little more than spot for Platinum Coins and Spot for Bars/Generics. The 1/10th oz Platinum Britannia's are the most affordable fractional way here to purchase Platinum if you can't pony up about $975-$1000 for a 1 oz version.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    2,669
    Likes Received:
    241
    Trophy Points:
    63
    Location:
    Treasure Island
    I think those platinum coins are stronger than gold/silver coins.
    Platinum is stronger than pure iron.
     
  4. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    7,533
    Likes Received:
    1,341
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    its a possibility to testing ground 820 again, price charts aren't pretty
     
    sgbuyer likes this.
  5. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    2,669
    Likes Received:
    241
    Trophy Points:
    63
    Location:
    Treasure Island
    It's a dip. And it won't be deep. One of few. Buy if you can or weep later.
     
    sgbuyer likes this.
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    596
    Likes Received:
    401
    Trophy Points:
    63
    Sub $600 usd is probably in the future so I'd be patient and stay In the money metals for now. It has alot of room to drop still.

    It's purely speculative just like copper, the poor man's platinum.
     
    Jim4silver and sgbuyer like this.
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,320
    Likes Received:
    667
    Trophy Points:
    113
    Location:
    Singapore
    I think we might hit $600 in a sharp drop and then quick rebound, but the question is whether when that happens, will ppl dare to make a sizeable buy?

    Same as when ag dropped to $13, how many at least doubled or tripled their holdings at that price? More likely, a couple will be dumping all their metals instead like what happened on this forum only just a couple months ago. If you look at past sales, hundreds of kilos of silver were sold on this forum when silver was below $15. In comparison, in the recent month or so, silver sales are not even 10%-20% of Q2.

    Personally, I'm not the type who would sell when prices drop, but I am neither the type who will back up the truck in a steep fall.
     
    Last edited: Oct 2, 2019
  8. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    7,533
    Likes Received:
    1,341
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    still on lower high
    1158
    1029
    1022
    0960

    its getting more similar to oil charts

    [​IMG]
    [​IMG]
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,320
    Likes Received:
    667
    Trophy Points:
    113
    Location:
    Singapore
    Oil is doing even better than platinium from the charts. Just a note that palladium and platinum are mined almost on a 1 to 1 ratio in South Africa. This is not often mentioned on platinum articles.
     
  10. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    7,533
    Likes Received:
    1,341
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    new high for Palladium 1702.43
     
    sgbuyer likes this.
  11. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    7,533
    Likes Received:
    1,341
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    is platinum melting now ??? to break the 750
     
    sgbuyer likes this.
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,320
    Likes Received:
    667
    Trophy Points:
    113
    Location:
    Singapore
    Pt gives a lot of false hope, just when everyone thinks they can buy cheaper, it bounces back up. Really playing hard to get. :D

    Pt is a test of one’s guts.
     
    66rounds likes this.
  13. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    7,533
    Likes Received:
    1,341
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,320
    Likes Received:
    667
    Trophy Points:
    113
    Location:
    Singapore
    Wow, up again! I didn't buy any more since. Maybe I should have bought batch no. 4?

    Looking at the money printing, it's difficult to imagine another deflationary period that will bring pt back down to $600. But secretly, I'm hoping for one final deflationary event.

    As Robert Kiyosaki says, the price don't matter, it's only the number of ounces you got that matters.
     
    Last edited: Nov 1, 2019
  15. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    7,533
    Likes Received:
    1,341
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    platinum $888
     
  16. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    7,533
    Likes Received:
    1,341
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
  17. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    7,533
    Likes Received:
    1,341
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    very soon,Palladium would cost = Platinum + $1k
     
    sgbuyer likes this.
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    1,320
    Likes Received:
    667
    Trophy Points:
    113
    Location:
    Singapore
    Palladium ingots in basement is easier to justify than gold bars? Since pd is not a precious metal, unlike gold, silver and platinum, it can be carried just out of China on a flight. Each time carry a few kilos also no problem.
     

Share This Page