Discussion in 'Platinum' started by Coins A-Z, Sep 4, 2019.
.............. Platinum to da Moon! ...............
out of fuel, gravity pull
I can see the divergence. I did have a good feeling about Platinum a few months ago.
So, it's a good buy after all.
Oh ye of little faith!
it seems only good in terms of automotive sales and in a recession should tank hard. That becomes a good opportunity to buy. I would like to be faithful but people are not when it comes to money in its current form.
when you look at most metals the price is no better than 10 years back
what may push it up is another commodity boom
where are the drivers for this?
It's not necessarily what the drivers are today but rather what are potential drivers down the road. I do think that it's possible, though I admit I don't know enough about the subject to be certain, that due to the rising costs of palladium, a segment of the auto industry may retool their catalytic converters as to make Platinum a lot more feasible to use than Palladium, especially since Palladium is so much more costly now.
Last I looked it was exactly as you said.
From a lay understanding there is a life cycle to vehicle manufacture that means delays from the time of the basic science and engineering RnD through to executive decisions to incorporate the new design into the next vehicle lifecycle.
Pd costs more than gold. That you’d think would spur on RnD for alternatives.
its a negative
Platinum back to $889
Russia to dominate world’s platinum & palladium production with new Arctic project
Interesting read: https://investinghaven.com/forecasts/platinum-price-forecast/
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