Silver VS Platinum

Discussion in 'Platinum' started by -j-p-shmorgan, Jun 7, 2015.

  1. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Your thoughts & opinions on both current prices?

    I've been stacking some silver at under $17/oz which is fantastic.
    However, noticing platinum spot price UNDER gold, I gotta ask, wtf?

    I've been doing some reading on refined Pt being far rarer than gold....
    Why doesn't pricing reflect this? The premiums sure do!
    Maybe I need to be stacking less silver & more Pt. ??
     
  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Do it lad... these Pt prices are unsustainable
     
  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Don't forget to load up on Palladium and Rhodium. The unloved precious metals
     
  4. screaming eagle

    screaming eagle Member Silver Stacker

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    Actually they're quite sustainable if demand drops, doesn't matter how rare it is if there's less of a need to dig it up out of the ground. That all said, I do like Pt as a speculative punt compared to other PMs. Pd and Rh are never going to be as loved due to GST being payable on them here.
     
  5. -j-p-shmorgan

    -j-p-shmorgan New Member

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    IF demand drops, sure.

    But check out all the online bullion shops.
    Full inventory in silver & gold.
    Not so much Pt....a lot of which is sold out.
     
  6. screaming eagle

    screaming eagle Member Silver Stacker

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    From Johnson Matthey's own research, investment Pt only represented 8% of all Pt demand in 2012-13. It's major use is in auto catalysts and other industry, where demand has steadily decreased over the past few years. Despite the lack of production last year due to mine strikes in South Africa, the price dropped even further. Manipulation/running out is being sprouted by the bulls, however it's probably something as simple as demand from the big players (industry, not stackers) has simply decreased. Lack of retail investment demand might be the reason why there's no Pt in bullion shops - you don't make money unless you're turning over stock. If Pt is not selling, why have it on the shelves?

    http://www.platinum.matthey.com/services/market-research/market-data-charts/platinum

    I think Pt is well priced relative to Au, but it's not going to the moon anytime soon, just like it's other PM bretheren.
     
  7. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Strange, demand is indeed declining.
    Would love to have some, but it's gotta be for the right price.
    Maybe it will take 4 more years of PM's getting hammered down & it will be a clear BUY. lol
     
  8. alor

    alor Well-Known Member Silver Stacker

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    anyone seen a palladium or a platinum poured bar??

    they must be real HOT to do it by hands. :lol:
     
  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    There was a Credit Suisse 1oz platinum bar for sale yesterday at the bric a brac shop for $25.
     
  10. SmartyFarty

    SmartyFarty Member

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