Platinum price decline: to invest now or not?

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

  1. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    Pd was a very good indicator of market CRASH as in March 2000 stocks ...Pd Peak out 1000+ the market crashed after that peak

    now
    we are looking at a peak again 2875? or 3000 etc and a CRASH will be on hand again 2020 ???
     
    sgbuyer likes this.
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,200
    Likes Received:
    1,250
    Trophy Points:
    113
    Location:
    Singapore
    Palladium seems to be crashing. Popped 2 oz pt. Fun buy. Just in case it shoots up back, at least I don’t feel even more silly. Don’t dare to buy more as it will still collapse.

    Again, I’m looking at a 5-10 years investment time frame. Meanwhile I haven’t got any gold and silver since the big crash. Feel that pt is the cheapest.

    I have the feeling that if Pd and Rh really crashes, pt will rise.
     
    Last edited: Mar 4, 2020
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,200
    Likes Received:
    1,250
    Trophy Points:
    113
    Location:
    Singapore
  4. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,007
    Likes Received:
    638
    Trophy Points:
    113
    Location:
    Melbourne
    PT is now $980 aud
     
  5. minimilled

    minimilled Active Member

    Joined:
    Nov 24, 2019
    Messages:
    336
    Likes Received:
    224
    Trophy Points:
    43
    A lot of things are starting to look oversold. This clearly is.

    I guess Manhattan is freaking out a bit.

    Very tempting to pull the trigger but will wait for the US open to see where it’s going.
     
  6. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    INVEST NOW ???
     
    slavaja likes this.
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,200
    Likes Received:
    1,250
    Trophy Points:
    113
    Location:
    Singapore
    I missed the sub-$600. Website hang. Can buy now?

    EDIT: Still hang!
     
    Last edited: Mar 16, 2020
  8. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
  9. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    which company, they may change minimum purchase amount up again like BS now $2k
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,200
    Likes Received:
    1,250
    Trophy Points:
    113
    Location:
    Singapore
    I give up. BS is selling 1 oz $800 usd, 25% premium.

    Maybe buy ETF?
     
  11. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    coins prices never drop...
    spots may crashed, but premium stays the same, due to high demand...prices went up instead.
     
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,200
    Likes Received:
    1,250
    Trophy Points:
    113
    Location:
    Singapore
    I decided not to buy ETF. Love physical platinum too much. If I can’t get it at the usual premium, I won’t buy.
     
  13. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    search can continue for real deal
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,200
    Likes Received:
    1,250
    Trophy Points:
    113
    Location:
    Singapore
    By the way, Malaysia total lock down. No entry and exit for 2 Weeks. I’ll be searching the supermarket instead. Metals is 2nd priority.
     
  15. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    may be spot Pt can drop to 400

    with spot at 600, bar premium is just no buy
    it could be worst when spot 400 ??? 12.5% could be more reasonable then or 7%

    there are very limited canned meat here, most likely people buy fresh meat here or frozen meat ?
     
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,200
    Likes Received:
    1,250
    Trophy Points:
    113
    Location:
    Singapore
    If spot drop to 400, I'll be buying PPLT instead of bar. I haven't bought PPLT, only SLV and silver mines.
     
  17. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    how to know it won't get force cash out at the bottom
    just like SLV was created at the bottom
     
  18. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,477
    Likes Received:
    706
    Trophy Points:
    113
    Location:
    Australia
    Try buying physical platinum cheap; have fun with that :)
    Any sellers at spot??? :)
     
  19. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    8,755
    Likes Received:
    1,951
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    stock is limited
    mouse is 1.2k sgd
    bar at 1022 sgd
    bar sold out at 983 sgd
    spot usd 608
     
    Holdfast likes this.
  20. Coins A-Z

    Coins A-Z Active Member

    Joined:
    Apr 12, 2017
    Messages:
    194
    Likes Received:
    50
    Trophy Points:
    28
    The strategy of diversification seems like a smart one to me. It's why I've been adding small amounts of Platinum, including numismatic Platinum coins, to my holdings over the past few years.
     
    sgbuyer and Holdfast like this.

Share This Page