Silver VS Platinum

J

-j-p-shmorgan

New Member
Your thoughts & opinions on both current prices?

I've been stacking some silver at under $17/oz which is fantastic.
However, noticing platinum spot price UNDER gold, I gotta ask, wtf?

I've been doing some reading on refined Pt being far rarer than gold....
Why doesn't pricing reflect this? The premiums sure do!
Maybe I need to be stacking less silver & more Pt. ??
 
Clawhammer said:
Do it lad... these Pt prices are unsustainable
Click to expand...

Actually they're quite sustainable if demand drops, doesn't matter how rare it is if there's less of a need to dig it up out of the ground. That all said, I do like Pt as a speculative punt compared to other PMs. Pd and Rh are never going to be as loved due to GST being payable on them here.
 
screaming eagle said:
Clawhammer said:
Do it lad... these Pt prices are unsustainable
Click to expand...

Actually they're quite sustainable if demand drops, doesn't matter how rare it is if there's less of a need to dig it up out of the ground. That all said, I do like Pt as a speculative punt compared to other PMs. Pd and Rh are never going to be as loved due to GST being payable on them here.
Click to expand...

IF demand drops, sure.

But check out all the online bullion shops.
Full inventory in silver & gold.
Not so much Pt....a lot of which is sold out.
 
-j-p-shmorgan said:
screaming eagle said:
Clawhammer said:
Do it lad... these Pt prices are unsustainable
Click to expand...

Actually they're quite sustainable if demand drops, doesn't matter how rare it is if there's less of a need to dig it up out of the ground. That all said, I do like Pt as a speculative punt compared to other PMs. Pd and Rh are never going to be as loved due to GST being payable on them here.
Click to expand...

IF demand drops, sure.

But check out all the online bullion shops.
Full inventory in silver & gold.
Not so much Pt....a lot of which is sold out.
Click to expand...

From Johnson Matthey's own research, investment Pt only represented 8% of all Pt demand in 2012-13. It's major use is in auto catalysts and other industry, where demand has steadily decreased over the past few years. Despite the lack of production last year due to mine strikes in South Africa, the price dropped even further. Manipulation/running out is being sprouted by the bulls, however it's probably something as simple as demand from the big players (industry, not stackers) has simply decreased. Lack of retail investment demand might be the reason why there's no Pt in bullion shops - you don't make money unless you're turning over stock. If Pt is not selling, why have it on the shelves?

http://www.platinum.matthey.com/services/market-research/market-data-charts/platinum

I think Pt is well priced relative to Au, but it's not going to the moon anytime soon, just like it's other PM bretheren.
 
screaming eagle said:
-j-p-shmorgan said:
screaming eagle said:
Actually they're quite sustainable if demand drops, doesn't matter how rare it is if there's less of a need to dig it up out of the ground. That all said, I do like Pt as a speculative punt compared to other PMs. Pd and Rh are never going to be as loved due to GST being payable on them here.
Click to expand...

IF demand drops, sure.

But check out all the online bullion shops.
Full inventory in silver & gold.
Not so much Pt....a lot of which is sold out.
Click to expand...

From Johnson Matthey's own research, investment Pt only represented 8% of all Pt demand in 2012-13. It's major use is in auto catalysts and other industry, where demand has steadily decreased over the past few years. Despite the lack of production last year due to mine strikes in South Africa, the price dropped even further. Manipulation/running out is being sprouted by the bulls, however it's probably something as simple as demand from the big players (industry, not stackers) has simply decreased. Lack of retail investment demand might be the reason why there's no Pt in bullion shops - you don't make money unless you're turning over stock. If Pt is not selling, why have it on the shelves?

http://www.platinum.matthey.com/services/market-research/market-data-charts/platinum

I think Pt is well priced relative to Au, but it's not going to the moon anytime soon, just like it's other PM bretheren.
Click to expand...

Strange, demand is indeed declining.
Would love to have some, but it's gotta be for the right price.
Maybe it will take 4 more years of PM's getting hammered down & it will be a clear BUY. lol
 
anyone seen a palladium or a platinum poured bar??

they must be real HOT to do it by hands. :lol:
 
There was a Credit Suisse 1oz platinum bar for sale yesterday at the bric a brac shop for $25.
 
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