Platinum price decline: to invest now or not?

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

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    In time of war, governments can enforce anything. They can even conscript by force.
     
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  2. alor

    alor Well-Known Member Silver Stacker

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    ^
    Nuke first, ask questions later! Top military officers reveal Moscow could respond to ANY rocket attack with a nuclear strike https://on.rt.com/ans2

    Fire any ballistic missile at Russia, and Moscow might respond with a nuclear warhead. That's according to the Russian Defense Ministry, which has publicly disclosed its conditions for launching a nuclear strike.

    “Any attacking missile will be treated as a nuclear-equipped missile. Information about the launch of an automatic missile will be communicated to the country's top leadership, which, depending on the situation, will determine the scale of the nuclear forces’ response,” wrote Andrey Sterlin, a member of Russia's General Staff and Alexander Khryapin, a top military scientist, in the Defense Ministry's newspaper Red Star.

    There is no time for war, only a few thousands of nuclear war heads hitting their targets

     
  3. Coins A-Z

    Coins A-Z Active Member

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    Wars of vastly differing scales have been fought and some are being fought right now in different parts of the world. Seeking the destruction of others tends to be a hallmark trait of some members of the human species.
     
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  4. Coins A-Z

    Coins A-Z Active Member

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  5. Golden Stash

    Golden Stash Well-Known Member Silver Stacker

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    Why has platinum had such a solid week???
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Might be due to the "hydrogen economy". I bought the ox just over a week ago for over $150 less. Should have bought PPLT but hesitated.
     
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  7. Golden Stash

    Golden Stash Well-Known Member Silver Stacker

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    I bought in at 1200 an oz , been like a roller coaster for Months . But this week other metals had a bad week so it seems odd.
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    They were talking about the hydrogen economy on the MSM the last couple of days. The MSM has the ability to pump prices, just like how they pump EVs. I'm not surprised but I won't be chasing either.
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Notwithstanding the recent bullishness, I expect a big pullback in platinum prices when the stock market dumps within the next 2 months so there's still a chance to buy the hydrogen economy. I might be loading up PPLT.
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Still going up, my pt broke even a week ago. I use spot to calculate the performance of my pm portfolio. Pt premium is crazy. Takes long time. Tests your patience.
     
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  12. Golden Stash

    Golden Stash Well-Known Member Silver Stacker

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    It has had a $42 AUD day rise.
    Upto $1420 AUD .

    Fun watching this Steady rise.
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Eventually Pt will beat Au if the H economy takes
    off. They only need 10g pt per car so pt can be $3k and it will still be cheap.
     
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  14. Golden Stash

    Golden Stash Well-Known Member Silver Stacker

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    DF7D3D06-3ED9-41DD-9287-12579C37B605.jpeg
     
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  15. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    Pt has been pretty interesting lately. About 3 weeks ago while checking ABC, I noticed it hit @$1198, so has increased @$250 p/oz. Arse could drop out tomorrow, who knows. I couldn't give a 2021 Pt ox away for $1500 this week
     
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  16. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    You can now!:D
     
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  17. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    True. I even offered free silver Ox if the buyer paid my asking price. He's back with the herd now.
     
  18. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    I expected some numismatic appreciation on the Pt ox, the way it's going ATM the intrinsic value might get me where I wanted to be. Out of our hands anyway just ride the highs & whinge the lows. Low expectations leads to less disappointment
     
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  19. Golden Stash

    Golden Stash Well-Known Member Silver Stacker

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  20. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Pt premiums are less than silver today for the same dollar amount.

    Looks to be better than silver both fundamentally and technically.
     
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