Platinum

Discussion in 'Platinum' started by Ronnie 666, Sep 19, 2011.

  1. 940palmtx

    940palmtx New Member

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    I wish Pt would get the memo and move down with Ag
     
  2. 940palmtx

    940palmtx New Member

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    Message received, bout to break 1600!!!
     
  3. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Although Platinum was hit hard it is off its high by 14% as compared to 28% for silver. Platinum is acting half way between gold and silver.
     
  4. PradoEagle

    PradoEagle Member Silver Stacker

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    Who has the 1oz's for a good price at the moment? Dealers? Looking to buy a couple.
    PE
     
  5. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    PM has some as has BB (In Perth)
     
  6. 940palmtx

    940palmtx New Member

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    Good point! I feel as if the value of platinum right now is excellent. if I had more money I'd be splitting my dollars between Pt & Ag. As it stands I'll be using 90% of my cash on Ag.
     
  7. Dusty

    Dusty Active Member Silver Stacker

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    If I bought pt from a dealer or on line would I have to add gst to the price?
    I know there's somthing like a $100 spread between BB and the Perth mint.
     
  8. Ouch

    Ouch Active Member

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    No gst on platinum,gold or silver.
     
  9. Dusty

    Dusty Active Member Silver Stacker

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    Thanks for that
     
  10. fishball

    fishball New Member Silver Stacker

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    Platinum currently below $1600 mark, might be a good buying opportunity soon
     
  11. jnkmbx

    jnkmbx Well-Known Member

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    Indeed :cool:

    I bet the premiums won't drop as much, like usual :p
     
  12. 940palmtx

    940palmtx New Member

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    I know, right? I've been watching like a hawk. As much as I want to increase my Ag, I figure I can always ad mucho OZs no matter where it goes, but Pt? Gotta get it while the gettins good. I want 2 1/2 Eagles, I'll take 'em at 1605, but I want to see how low she'll go
     
  13. fishball

    fishball New Member Silver Stacker

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    I'm tempted but gonna wait and see if Platinum tracks Silver's crash last week first.

    Industrial and all that.
     
  14. 940palmtx

    940palmtx New Member

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    +1

    I expect decent drop in London and again in the States
     
  15. Chillidog

    Chillidog New Member Silver Stacker

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    Got to love the platinumpus I want one so bad,
    But I'm with fishball wait and see next week
     
  16. 940palmtx

    940palmtx New Member

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    1570...am I dreamin?
     
  17. aleks

    aleks Well-Known Member Silver Stacker

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    Some people say they don't stack silver, they can't handle the volatility.... (doesn't bother me personally)

    I don't know if I would feel comfortable with the illiquidity of platinum? Not really a problem if you a long term buy and hold in a depository account but playing the spreads on physical and being forced to sell to a dealer?
     
  18. fishball

    fishball New Member Silver Stacker

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    I'd only be buying the 1oz Platypus like Chillidog (feel free to recommend me a place to buy from for cheap!).

    Not too worried about liquidity as you are correct, it's a speculative long term buy.

    That, and who doesn't want a damn cool platinum coin? :)

    Platinum < $1560 US now...damn it's gone down a fair bit since I first posted
     
  19. 940palmtx

    940palmtx New Member

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    I'll hold for the long term too, then sell to a collector of ASEs, I'll do fine...no worries :)
     
  20. jnkmbx

    jnkmbx Well-Known Member

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    If I get some platinum, it'll just be bullion.
    I don't see why I'd patiently watch the price go down when I'll be paying premiums that sorta dilute the overall achievement @_@
     

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