Platinum price decline: to invest now or not?

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

  1. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Even when you are happy to pay $200 in premiums above spot, you still can't buy it even on back order!
    The Perth Mint are not taking any pre-orders on the 1oz Platinum Kangaroo.
    Platinum coins are probably scarcer than gold coins in the market place!
     
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  2. Coins A-Z

    Coins A-Z Active Member

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    As they probably should be since far less Platinum is pulled from the earth's crust than gold.
     
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  3. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Mitsubishi Motors to temporarily shut Japan plant operations.
    https://www.japantimes.co.jp/news/2...t-japan-plant-operations-amid-virus-outbreak/

    Ford and Toyota are shutting down plants in Asia and India, and BMW will idle its US factory during the coronavirus pandemic
    https://www.businessinsider.com.au/...own-asia-india-plants-bmw-us-2020-3?r=US&IR=T

    GM, Fiat Chrysler join Honda in closing US factories to slow pandemic
    https://www.theverge.com/2020/3/18/...virus-factory-shut-down-fiat-chrysler-ford-gm
     
  4. Lustre

    Lustre Member

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    400 American Eagles for sale on Apmex
    https://www.apmex.com/product/196120/2020-1-oz-platinum-american-eagle-bu?10378048=5
    Premium is 99 USD above spot. Actually it is a bit more if you are buying a small number.
    You’ll pay in shipping about 50 USD and then a weight surcharge, which isn’t much for this unless you’d be buying the lot. Even then it is small compared to the overall cost.
    There is no GST for this item afaik (that is fine print but clear on the ATO website). You might have to store the link and email that to UPS to show customs if you get a call

    There are also 61x Royal Arms 1oz coins from the UK site there

    Platinum is shaping up to be a great long term buy. Main question now is the timing.
     
  5. Lustre

    Lustre Member

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    And good luck with trying to get it at spot. You’ll need it.
     
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  6. Lustre

    Lustre Member

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    And so has one of the biggest Pt plants and that was before the virus.
     
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  7. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Some bullion dealers are offering decent premiums for platinum buybacks.
    Just received a message from Bullionlist offering to buy any 1 oz Platinum coin or bar for $1400 which is a $205 premium above spot.
     
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  8. sterling-nz

    sterling-nz Well-Known Member

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    Bloody platinum.
    I have never had a lot at one time and never lost money on it but always seem to miss the highs to sell and the lows to buy.
    If it was not already clear then it should be now that without transport plat quickly loses its value.
     
  9. Lucky

    Lucky Active Member

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    So what are people’s thoughts on Platinum at the moment.
    Beside being hard to find at the moment (Covid 19 etc) does it have much going for it to see some upward movement when things settle down. Seems like diesel vehicles are slowing in production.
    What are your reasons now to invest in the metal?

    Thanks
     
  10. alor

    alor Well-Known Member Silver Stacker

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  11. slavaja

    slavaja Well-Known Member Silver Stacker

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    I
    It's still rather cheap and a lot rarer then gold. If it gets used in fuel cell technology then the price goes boom. I only have a small allocation in platinum as a side bet
     
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    In my opinion, trying to time physical platinum is very difficult and trading is for the expert as it is very volatile. It's better to just cost average and adopt a 5-10 year timeframe.
     
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  13. slavaja

    slavaja Well-Known Member Silver Stacker

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    I would just buy unallocated and convert to physical at a later date. Silver is already hard to come by forget about platinum. I do have some Platinum 1/2 koalas but will only part with them at $800+
     
  14. Lucky

    Lucky Active Member

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    So where do people find platinum ? (When things were normal before Covid 19)
    Seems most bullion sites only offer unallocated.
     
  15. slavaja

    slavaja Well-Known Member Silver Stacker

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    If your desperate for physical eBay is probably the only place or you could try the forums. Personally I would just get unallocated and convert to physical at a later date.
     
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  16. silverhair

    silverhair Well-Known Member

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    I got some minted bars from KJC before things got ugly. Premiums are steep for whatever reason.
     
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  17. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

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    premiums on platinum are always steep unfortunately
     
  18. Coins A-Z

    Coins A-Z Active Member

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    The cost of physical Platinum product fabrication, from what I understand, is substantially higher than gold. If true, this would account for the consistently higher premiums.
     
  19. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

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    sounds about right knowing the elemental properties of platinum
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Maybe for coins, but the premium for 100g bars is like 9%. Without considering the margin, I can't see how the fabrication cost of 100g bar costs $240.
     

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