Platinum price decline: to invest now or not?

I think it's a good buy, but it's damn hard to sell. Few will buy it if you want to sell.

With Platinum I guess it's merely about speculation (just like Bitcoin). You buy it to sell it and make money.

It's not like Gold.

You'd want to buy Platinum and guess the next peak. Sell before the avalanche-sale starts :D
 
My Local Coin Shop Dealers here in Florida will offer little more than spot for Platinum Coins and Spot for Bars/Generics. The 1/10th oz Platinum Britannia's are the most affordable fractional way here to purchase Platinum if you can't pony up about $975-$1000 for a 1 oz version.
 
Sub $600 usd is probably in the future so I'd be patient and stay In the money metals for now. It has alot of room to drop still.

It's purely speculative just like copper, the poor man's platinum.
 
JohnnyBravo300 said:
Sub $600 usd is probably in the future so I'd be patient and stay In the money metals for now. It has alot of room to drop still.
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I think we might hit $600 in a sharp drop and then quick rebound, but the question is whether when that happens, will ppl dare to make a sizeable buy?

Same as when ag dropped to $13, how many at least doubled or tripled their holdings at that price? More likely, a couple will be dumping all their metals instead like what happened on this forum only just a couple months ago. If you look at past sales, hundreds of kilos of silver were sold on this forum when silver was below $15. In comparison, in the recent month or so, silver sales are not even 10%-20% of Q2.

Personally, I'm not the type who would sell when prices drop, but I am neither the type who will back up the truck in a steep fall.
 
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still on lower high
1158
1029
1022
0960

its getting more similar to oil charts

XwIHNq41

OVMhSCrF
 
Oil is doing even better than platinium from the charts. Just a note that palladium and platinum are mined almost on a 1 to 1 ratio in South Africa. This is not often mentioned on platinum articles.
 
Pt gives a lot of false hope, just when everyone thinks they can buy cheaper, it bounces back up. Really playing hard to get. :D

Pt is a test of one’s guts.
 
sgbuyer said:
Pt gives a lot of false hope, just when everyone thinks they can buy cheaper, it bounces back up. Really playing hard to get. :D

Pt is a test of one’s guts.
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Wow, up again! I didn't buy any more since. Maybe I should have bought batch no. 4?

Looking at the money printing, it's difficult to imagine another deflationary period that will bring pt back down to $600. But secretly, I'm hoping for one final deflationary event.

As Robert Kiyosaki says, the price don't matter, it's only the number of ounces you got that matters.
 
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alor said:
very soon,Palladium would cost = Platinum + $1k
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Palladium ingots in basement is easier to justify than gold bars? Since pd is not a precious metal, unlike gold, silver and platinum, it can be carried just out of China on a flight. Each time carry a few kilos also no problem.
 
TreasureHunter said:
Didn't get any. The price has dipped significantly after your post :)

But it seems like a 3rd-4th option to consider when investing long term.
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Just doubled my pt. Saw Marc's latest interview in Dec saying buy Pt.

Now preparing for the price drop! :D

Pt is more scary than silver, the slam down is nerve racking.
 
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