Platinum price decline: to invest now or not?
- Thread starter TreasureHunter
- Start date
https://www.bloomberg.com/news/arti...g-more-anxious-about-ev-battery-supply-crunch
Fact: There isn't enough zinc, nickel and cobalt to let everyone have an electric car.
Fact: There isn't enough zinc, nickel and cobalt to let everyone have an electric car.
Izablenter3
New Member
Why it has low price? What's the reason? If you could answer this then I can give my right answer to that question.
In amongst the attention being paid to the runup of the silver spot price and the closing of the GSR, platinum had a nice +4.26% rise yesterday and another 1% so far today to knock on the door of the highest price so far this year
I placed an order of a batch of pt bullion less than 2 days ago and now the price has gone up nearly $80 per oz. Looking at the silver surge, I'm considering buy more pt since it's still the cheapest among the 3 metals. What do you guys think?
I did as well, roughly 2 weeks ago, towards the bottom of the dip this month. Bought a couple of platinum QB coins, can’t wait to see how they look in hand!
I made the call earlier in the year that I was bullish on platinum and haven’t seen anything yet to say otherwise. At least there isn’t as much a shortage in platinum as there is at some mints for silver
I’m seeing a movement towards $950 by the end of the year, so will be well ahead on spot price differential. Intend just to flip those either on the forum or eBay and make a little extra profit
I made the call earlier in the year that I was bullish on platinum and haven’t seen anything yet to say otherwise. At least there isn’t as much a shortage in platinum as there is at some mints for silver
I’m seeing a movement towards $950 by the end of the year, so will be well ahead on spot price differential. Intend just to flip those either on the forum or eBay and make a little extra profit
At least there isn’t as much a shortage in platinum as there is at some mints for silver
This can only mean pt can go up even more.
Great call. If your liquidity allows, try to keep a couple, when fuel cell takes off, this is a 5-10 bagger.
TreasureHunter
Well-Known Member
So, it's a good buy after all, like I suggested
Not that I prefer it, it's being sold at horrible rates (high premiums) and it's damn hard to sell it (find a merchant who accepts it, let alone pays a good price for it).
Only invest in this if you have "plenty of fish" (as the banknotes are represented in Peter Schiff's book: "How an Economy Grows and Why It Crashes").
Stick with gold, silver if you're an average bloke.
So, it's a good buy after all, like I suggested
Not that I prefer it, it's being sold at horrible rates (high premiums) and it's damn hard to sell it (find a merchant who accepts it, let alone pays a good price for it).
Yes, psychologically, the premium for pt is hard to shallow. This is why is it only a fun buy for me. The buy back price is bad, but the other day I was studying the prices, the premium for pt is not actually much worst than ag here in singapore. ag kilo bars go for around 6% premium, pt ouncers go for 7% premium. Maybe in Australia, you can get kilo ag from the forum so it's at a much lower premium.
In my opinion, pt is cheaper than gold (when it was 3 days ago at around $860 per oz) but gold seems to be less volatile. That's why i bought pt but not gold. Last gold i bought was around $1420 per oz.
TreasureHunter
Well-Known Member
^
I don't know about "pegging", but they are from the same blood To me they're similar.
But look at rhodium's price: some of you wish you had invested
I don't know about "pegging", but they are from the same blood
To me they're similar.But look at rhodium's price: some of you wish you had invested
^
I don't know about "pegging", but they are from the same blood
But look at rhodium's price: some of you wish you had invested
I remembered checking out rhodium when I first bought silver a year ago and the price was $2000 or so. I saw the chart and decided it wasn’t interesting. I like to buy things that are 10 year low.
pd is leading to new high, 1618, will the rest follow ???It appears that pd is tracking pt, maybe pd is pegged to pt?
Looking at pd, I think there's more than 80% chance that pt may have bottomed at $800. Pd is a by product of nickel, another base metal. With the coming recession, I can't see how the EV bubble can sustain much longer. If there's a supply shock for Pd, pt price won't fall much regardless of economic woes. The base is already there, so $400 pt likely won't happen?
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Are Russian pd producers intentionally reducing supply to maintain the higher prices?