Discussion in 'Platinum' started by SilverSanchez, Jun 18, 2013.
Thanks for the video. Know I know that Platinum is used as a catalyst for chemical reactions. Maybe worth getting a few oz in case the industrial use for it increases in the future. I also love the fact that is doesn't tarnish. Just a shame it is not as shiny as silver.
The only platinum i intend on buying is for me and thrs wedding bands. Unless I could get it at spot....
Funny you should mention this, as I ran across an article today: http://finance.yahoo.com/news/golds-neglected-cousin-face-supply-092134565.html
Essentially, South African mining problems + auto industry use + ETF demand may mean higher prices.
Thanks for the link Midnight Man.
I don't know how big the demand is for Platinum. Physical Gold and Silver is easy to sell, even in large quantities. But not sure about Platinum, can't be many pure platinum stackers. Just those who add a little into their gold and silver holdings. So if i was buying Platinum, maybe I would do it through an ETF. Anyway, this is all thought for the future. For the moment I am buying silver silver silver.
Hmm. Didn't platinum drop as well?
Platinum does have multiple industrial uses; guess it isn't used in a large quantity in chemical reactions.. what will cause platinum price to soar is the supply-side issues rather than increase in industrial demand. I look at the metal as an investment and since the platinum prices are at multi-year low, I'm stacking up on coins
Yea, in relation to gold platinum seems really cheap at the moment.
Platinum and Palladium have held up better than AU and AG
I think the coins of such should get more attention
The Perth Mint have made choosing a Platinum coin quite easy.
I'm thinking of investing some money into Palladium and Platinum as well. The choice of various coins and bars is much smaller, but this will be maybe different in the future.
Platinum is a great deal at gold spot +100.
Seriously so cheap this doesn't make sense as platinum is far far more rare than gold. 15 times more gold is mined every year than platinum.
The short term price chart shows an upside move easily of >10%. Long term platinum could/should be worth multiple times the price of gold.
Do would you say a 50% premium on a 1\20 coin is okay?
I still have trouble with that premium.
Buy a 1oz Platy and you can get deals for less than $100 over spot ($92-97)
If you compare that to a 1oz gold bullion coin the premium over spot varies from $60-$80 depending on the coin type.
So in reality there is a $20-$30 premium over gold bullion coins
Let me remind you Rustenburg Platinum mines head into their 7th week of strike action. For those who have no idea of where or what Rustenburg is - in summary it produces 80% of the worlds platinum. Let me further remind you that the so-called "massive" stockpile that has comforted the world markets as regards these strikes will run out in 2 weeks. Do you think that $20 is reasonable bet is the strikes extend beyond another 2 weeks.
Oh I forgot platinum is not a monetary metal haha.. Buy gold..
I've been tempted by Platinum in the past... but paying GST is a b!tch It (GST) keeps me from buying Sov's & if I didn't like Krugs so much, I'd ignore them too. (I've been hooked on Kugs ever since that 2nd Lethal Weapon movie...however that Dad's Army episode called the Miser's Hoard with Fraser's huge pile of Soverigns piqued my interest )
However, the supply/demand imbalance caused by the Rustenburg miners strike really does create a chance to make a quick buck in the short term for predatory opportunists like myself, but
(Pedants, pls forgive me for beginning a sentence with 'However' & ending in a preposition adverb i.e. 'but')
Platinum doesn't attract GST in Australia.
Really?...just palladium!?... I'm in then
Yep, only palladium.
9995 platinum is GST free, so that includes the Perth Mint's Platypus, PAMP bars, etc.
Just checked Ainslie's website ...found a little glitch.
Separate names with a comma.