Platinum to da Moon!

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

  1. alor

    alor Well-Known Member Silver Stacker

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    many cars makers will go bust first before any meaning fool new productions
    fundamental like that would really disappoint
     
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Might get another bar if it pulls back. If it pulls back...
     
  3. alor

    alor Well-Known Member Silver Stacker

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  4. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    $2000+ premium above spot on a 100 grams bar:eek:
     
  5. alor

    alor Well-Known Member Silver Stacker

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    need to adjust the currency on top
     
  6. Tokyo

    Tokyo Active Member

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    Fundamental is not but bullish as you can see on past 8 year data on platinum. I understand forecast is bullish we just need to see materialize. Probably good for long term play, I still like silver better
     
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  7. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    How do these people get away with this level of gouging?
    ABC has similar bars for $5625 and that's no bargain
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Alor moving the goal post again. :p Look closely, it's gold.
     
  9. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    FFS, sometimes I wish he would just move on.:(
     
  10. alor

    alor Well-Known Member Silver Stacker

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    I c https://www.abcbullion.com.au/store/gabg3215100g-abc-bullion-cast-bar
    AUD 7,658.60
    BS at AUD 7,553.00 and Telegram condition limit 1

    are they really going to go down in price again for gold, as usual after such, they drop/tank
     
  11. alor

    alor Well-Known Member Silver Stacker

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    Platinum is forming a hammer in the sky ???
     
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Found an interesting link. Have not read, but the chart proves you're right on rhodium. I wonder why I didn't find this info in 2018 when I started stacking? I'm quite sure everyone would be buying loads of Rh bars and coins between $1000 to $2000 if they knew the supply will be so tight.

    https://www.kitco.com/commentaries/...ame-plan-how-the-PGMs-stand-to-break-out.html

    Here's the latest supply/demand data for pgm.

    https://www.reuters.com/article/palladium-platinum-johnson-matthey-idUSL1N2KG11I
     
    Last edited: Feb 16, 2021
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  13. alor

    alor Well-Known Member Silver Stacker

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    ^ good, just need to hold on to the Pd, got 10 years more of bull run...
     
  14. Tokyo

    Tokyo Active Member

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    I got different numbers and like to see more then 2 years of data to see full picture to call it true fundamental. https://www.heraeus.com/en/hpm/pm_prices/precious_metals_demand/pgm_demand_supply.html
    Hydrogen is not like oil or electric still has its own challenges.
    -Driving with Highly explosive compressed gas
    - storage problems
    - next to no hydrogen station
    It probably needs more time for technology
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Agree fully, but there's also a crazy amount of manipulation going on. Elon trying to move the EV industry to nickel batteries where he has the slight tech advantage but he is also a victim of his own success. By pushing everyone towards battery, he is also encouraging others to move in the same direction and this will severely strain the supply for batteries which is heavily dependent on materials from China. Oops!

    Never mind that batteries are highly pollutive and not even green, which is an irony. :D
     
  16. Tokyo

    Tokyo Active Member

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    Yes I can’t remember if was you but pointed out about tailings problem. I simply think less people own cars and more efficient ways to travel or ship products. Probably less population world wide except in Africa area.
    numbers are definitely far fetched as always news and reporter’s magic.
    Hydrogen is burning compressed gas means we still produce strong heat in the air and to create hydrogen is whole different things involved
     
    Last edited: Feb 16, 2021
  17. alor

    alor Well-Known Member Silver Stacker

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    just split the water in a nuclear power plants
     
  18. Tokyo

    Tokyo Active Member

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    I don’t think it’s that simple.
    We need smarter people people who doesn’t build on shaky or flood location. Needs more research&development China and Russian can lead the way with nuclear. Just too much waste to use existing plant and some country doesn’t have to room like we do for storage.
     
  19. alor

    alor Well-Known Member Silver Stacker

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    like Fukushima, by design the location was chosen, so that toxics waste go into the sea, great plan!
    we never knew this until it happened
    low state of penny pinching by the govt there
    plutonium rods can be stored securely long till many generations are gone, but this does not prevent some domestic terrorists from stealing them by digging them up :)
     
  20. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    That's not what Johnson Matthey are saying
    https://www.reuters.com/article/palladium-platinum-johnson-matthey-idUSL1N2KG11I

    "
    LONDON, Feb 10 (Reuters) - Platinum, palladium and rhodium
    used by the auto industry to filter emissions from engine
    exhausts were all in short supply last year, data from
    specialist materials firm Johnson Matthey showed on
    Wednesday, as prices for the metals soared.
    "​
     

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