Platinum to da Moon!

Discussion in 'Platinum' started by Coins A-Z, Sep 4, 2019.

  1. Coins A-Z

    Coins A-Z Active Member

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    .............. Platinum to da Moon! ...............
     
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  2. Coins A-Z

    Coins A-Z Active Member

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    Platinum Price 9-3-2019 A.jpg
     
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  3. alor

    alor Well-Known Member Silver Stacker

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    out of fuel, gravity pull
     
  4. TreasureHunter

    TreasureHunter Well-Known Member

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    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.
     
  5. Coins A-Z

    Coins A-Z Active Member

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    Oh ye of little faith!
     
  6. milled

    milled Active Member

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    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?
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    SilverStackers members!

    Who else? :D
     
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  8. Coins A-Z

    Coins A-Z Active Member

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    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.
     
  9. minimilled

    minimilled Active Member

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    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.
     
  10. alor

    alor Well-Known Member Silver Stacker

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  11. Coins A-Z

    Coins A-Z Active Member

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  12. BobTB

    BobTB Member

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    To da moon........again!

    No seriously, why is platinum surging while Au and Ag are floundering?
    Can someone enlighten me please?
     
  13. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    A hangover from supply disruptions plus Automotive industry recovering quicker than expected plus Pd being overpriced is my best guess at the moment.

    edit. and apparently continued strong growth in Chinese demand for commercial vehicles
     
  14. tater

    tater Active Member

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    I was just coming to start a thread about platinum. I mean really where did this rise come from. I starting thinking I should buy platinum a week or so ago put together some funds start watching and it won;t come back down. Crazy.
     
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  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The rise started in early Nov, probably due to the elections. It has broken the falling trend and there is speculation by analysts that it will go up to $1500 or beyond. But I won’t be buying now.
     
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  16. alor

    alor Well-Known Member Silver Stacker

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  17. TreasureHunter

    TreasureHunter Well-Known Member

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    Premiums are unreasonably high. Despite the potential for growth, overpaying keeps stackers away.
     
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  18. dragafem

    dragafem Well-Known Member Silver Stacker

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    Looks like its getting interesting for platinum.My source tells me from here the only way is up:p
     
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  19. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Platinum is up at 6-year highs more on paper markets betting on an economic recovery that would bust the automotive sector, rather than on solid fundamentals.

    And CME raises platinum futures margins by 10% to join the party:p

    Can you spell Manipulation boys and girls?:D

    Will be interesting to see what effect this will have on the spot prices, so far the prices are faring much better than what silver was doing
    under the same circumstances.

    Maybe silver is a more strategic metal, so they dump more futures paper contracts to keep the prices down?;)
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Strategic or not probably isn't the reason. The real reason is they don't want the conservatives in the us to win.
     
    Last edited: Feb 11, 2021

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