Platinum to da Moon!
- Thread starter Coins A-Z
- Start date
Killerbala
Active Member
Pt is going to catch a lot of eyes this week 
I think i need a few ozs of platinum to diversify.
The chart is looking real good right now.
What are you guys seeing.
The chart is looking real good right now.
What are you guys seeing.
At the end of 2011, the price of platinum dipped and it reached parity with gold for the first time ever (My graph only goes back to 1990). Before that platinum had always been more expensive than gold.
There was a lot of hype on this forum and the advice was to “Buy the dip”, I bought an ounce of platinum in the form of a 2012 Platinum Platypus coin.
Its main industrial applications were in catalytic converters and spark plugs. Around this time, mass production of electric vehicles began. When I bought my 1 ounce it wasn't a dip, it dropped significantly and continuously since then. Last month, along with gold and silver, the price of platinum increased and on March 31st 2025, I broke even, 13 years and three months later.
I am a patient man!
There was a lot of hype on this forum and the advice was to “Buy the dip”, I bought an ounce of platinum in the form of a 2012 Platinum Platypus coin.
Its main industrial applications were in catalytic converters and spark plugs. Around this time, mass production of electric vehicles began. When I bought my 1 ounce it wasn't a dip, it dropped significantly and continuously since then. Last month, along with gold and silver, the price of platinum increased and on March 31st 2025, I broke even, 13 years and three months later.
I am a patient man!
As far as I can tell it trades totally different than gold and silver and isn't usually correlated which is neither good or bad.
Platinum has its own market, super rare and probably undervalued but those are just a few fundamentals.
The charts might be saying a leg up is coming now.
It might be a good diversification to have some.
Ive noticed it seems to have a high premium.
Maybe around $200 for a 1 oz Englehard bar.
Dang that's alot but in 10 years it might be chump change.
Platinum has its own market, super rare and probably undervalued but those are just a few fundamentals.
The charts might be saying a leg up is coming now.
It might be a good diversification to have some.
Ive noticed it seems to have a high premium.
Maybe around $200 for a 1 oz Englehard bar.
Dang that's alot but in 10 years it might be chump change.
Wow