Why is Platinum Holding on So Well?

Discussion in 'Platinum' started by TreasureHunter, May 17, 2013.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Hi,

    I asked myself the same question about silver... gold crashed, silver took a dip, but it's not that much of a crash... It could have fallen lower, being so much more volatile and so on...

    So silver is still holding on pretty well. Stiff resistance.

    But: platinum... wow, that's rock hard, keeping the level. Some oscillations, but there is no crash in platinum.

    Why do you think platinum is holding on so well?

    Personally I think (to put the question vice-versa): why did gold crash and the other metals only took weaker dips or didn't crash at all?

    Well, prolly because the gold market was indeed manipulated, ETF's liquidated and so on...

    Other opinions?
     
  2. STC

    STC Well-Known Member Silver Stacker

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    Hmm.. No paper pt
     
  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

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  4. TreasureHunter

    TreasureHunter Well-Known Member

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    Wow, you are right ;)

    So, manipulation like with silver and gold is not possible. Hmm... very interesting indeed!
     
  5. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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  6. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    ROTFL :lol:

    "Lets see how your car runs with a paper Platinum/Palladium certificate up the exhaust pipe ?"

    Not real well!

    [youtube]http://www.youtube.com/watch?v=4Kvz5MxXOdg[/youtube]
     
  7. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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  8. victoryocum

    victoryocum New Member

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    Platinum is rare, has an industrial use and also has an intrinsic value attached to it. And come to think of it, no central government has a huge stack of platinum as compared to gold, which convinces me that there would be less manipulation. So hold on to it. But also diversify into other precious metals.
     
  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Because platinum is not very important.

    Bit like silver.

    Just industrial metals.
     
  10. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Platinum group metals are very important if you like breathing. If not we go back to the smog of the 1960's. China is gaining 30 million cars a year (http://www.cnbc.com/id/46748270) and India is gaining 2-4 million cars/year. Each car needs 1/10oz Platinum and 1/5 oz Palladium. Now look at trucks etc. It is a PM with an important industrial use so production down prices up.
     
  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I know I was just being a prick.

    @victoryum, just because it is rare means squat though. It's got to have other qualities that make it valuable to be a long term proposition. At the moment, its industrial use is about it. It's a speculative play that's all. It's boring to look at. It's friggin hard. Hey you know what? FFS, it's just like cricket. :lol:
     
  12. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    The strikes in the mines in seff effrica atm may also be helping keep the price of platinum high. Incidently I've read about researchers searching for an alternative to plat/pal in the use of catalytic converters and are getting moist over a cobalt-graphene converter which would cost a fraction of the cost making them with plat/pal. Maybe an interesting development to watch out for.
     
  13. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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  14. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    [​IMG]

    This is an old Pt price chart. Cat converters were introduced on mass in the US in the early 1990's - does not correlate with price spike ?
     
  15. JulieW

    JulieW Well-Known Member Silver Stacker

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    I assumed they didn't manipulate the market as much because barring the occasional trillion dollar coin it's a long way from money.
     
  16. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    I have written to Rick Rule at Sprott to ask him about the graphene-co option. If anyone knows I reckon he does. I will keep you posted.
     
  17. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Rick Rule responded almost immediately

    "We believe that substitutes are a function of price for the next decade, given the depth of demand, and the investment in Pgm related technology and process. Toyota tells us that more efficient Pgm fabrication technologies will likely emerge at higher price points"

    On that story the market is up $41 :)
     
  18. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Rick will be in Melbourne at the Mines and Money conference:

    Oct 29 - Nov 1, 2013
    Melbourne Convention & Exhibition Centre

    Is anyone going ?
     
  19. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Pt back to $1500
     
  20. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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