Platinum price decline: to invest now or not?

need to buy a few Toto tickets, so that can buy a few blocks of that Russian Pt :) WISH
 
lpm has the BU Elephant https://www.instagram.com/p/CDigW-XH4cC/

ptbig5elephant_2.jpg
 
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Plant feels like an end-game metal to me. If there is a worldwide rush into metals then platinum will be most valuable simply by its rarity - if metals get to that fair point of valuation.
 
Gee those prices on Platinum outside Australia are expensive
How can LPM explain over $1800usd for a Lunar Mouse 1 oz
 
heartastack said:
Plant feels like an end-game metal to me. If there is a worldwide rush into metals then platinum will be most valuable simply by its rarity - if metals get to that fair point of valuation.
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You're right, but... it's very hard to sell, especially in some countries. In the UK, US, Canada, Australia, Germany, Switzerland could be possible to sell, but in 95+ % of the world's countries it will be almost impossible.

Imagine you're in Bulgaria, Greece, Latvia, Georgia, Slovenia, Poland, Uruguay, Finland or Ecuador... then you shouldn't invest in Platinum, unless you have money to throw out the window.
 
aussiesilver said:
Gee those prices on Platinum outside Australia are expensive
How can LPM explain over $1800usd for a Lunar Mouse 1 oz
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now you notice, bullionnow has 2020 britannia for less
depends on where to compared; some no basis to explain that gap/mis/over-pricing creating an arbitrage opportunity (or shopping around)
 
Platinum - Cat-Converters - Diesel engines
Palladium - Cat- Converters - Petrol engines

Electric Cars -

After the fiasco (Fraudulent fuel economy) regarding diesel engines in cars, it's been said that there's been a switch to petrol engines.

Electric cars - It's been said that there's no way the neodymium metal market can supply enough metal to meet demand.
Neodymium is used to make electric engines (neodymium magnets).

Perhaps Pt and Pd will be around for awhile.
 
Holdfast said:
Platinum - Cat-Converters - Diesel engines
Palladium - Cat- Converters - Petrol engines

Electric Cars -

After the fiasco (Fraudulent fuel economy) regarding diesel engines in cars, it's been said that there's been a switch to petrol engines.

Electric cars - It's been said that there's no way the neodymium metal market can supply enough metal to meet demand.
Neodymium is used to make electric engines (neodymium magnets).

Perhaps Pt and Pd will be around for awhile.
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maybe they will eventually be deemed an ‘essential’ resource and illegal to own without a permit
 
Can't say that I agree that in an end game scenario platinum will be the most valuable metal , far from it .....

Just because the metal is rarer than gold does not mean that it will be, or should be, priced higher than gold.

Platinum has always been just an industrial metal, expensive due to its scarcity, and necessity in vehicle emission control
measures, particularly in diesel powered vehicle ( which production is declining rapidly world wide ).

It was never an monetary metal, although the Russians tried to make it one by issuing platinum roubles during the 1800s,
(unsuccessfully, I might add) and platinum's use in jewelry is negligible at best.

And as others have said, good luck trying to sell it for a good price if you need funds in a hurry.

I tested this out a few years ago here in Melbourne, with a one ounce platinum and a one ounce palladium coin.
One dealer who I was selling a lot of gold at spot price to did not wish to purchase either, even at under spot prices.

A couple of the other buyers offered me 10% under spot for the platinum and 20% under spot for the palladium!

So its buyers and investors beware.

Why would you wish to gamble on platinum and palladium, when you have silver and gold, with 6,000 years of
solid monetary history behind them to invest in ?
 
hardyakkagold said:
Can't say that I agree that in an end game scenario platinum will be the most valuable metal , far from it .....

Just because the metal is rarer than gold does not mean that it will be, or should be, priced higher than gold.

Platinum has always been just an industrial metal, expensive due to its scarcity, and necessity in vehicle emission control
measures, particularly in diesel powered vehicle ( which production is declining rapidly world wide ).

It was never an monetary metal, although the Russians tried to make it one by issuing platinum roubles during the 1800s,
(unsuccessfully, I might add) and platinum's use in jewelry is negligible at best.

And as others have said, good luck trying to sell it for a good price if you need funds in a hurry.

I tested this out a few years ago here in Melbourne, with a one ounce platinum and a one ounce palladium coin.
One dealer who I was selling a lot of gold at spot price to did not wish to purchase either, even at under spot prices.

A couple of the other buyers offered me 10% under spot for the platinum and 20% under spot for the palladium!

So its buyers and investors beware.

Why would you wish to gamble on platinum and palladium, when you have silver and gold, with 6,000 years of
solid monetary history behind them to invest in ?
Click to expand...

I agree as my ‘end game’ mean total SHTF everyone in metals scenario. Not that I’m confident in that.

I don’t hold or intend to hold it, personally.
 
sgbuyer said:
Is there such a law in the US that makes it illegal to own an "essential" resource?
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Yes, there is an unwritten law in all western countries which stipulates that only those who have not been brainwashed by the ruling elite establishment
can purchase and own sizeable holdings of essential resources such as silver and gold.
That is why only one percent ( or less) of these countries peoples have any significant precious metal holdings.:D:D:D
 
sgbuyer said:
Is there such a law in the US that makes it illegal to own an "essential" resource?
Click to expand...

Just playful speculation that doesn’t require too much imagination. Who on earth doesn’t believe right now that the gov can try to mandate any kind of obtuse law in an emergency. People here said they would NEVER enforce masks.
 
its worst than a Socialist State now. later all form of outside contacts will be banned too
 
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