1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

Good time to buy platinum?

Discussion in 'Purchasing Precious Metals' started by savvydon, May 3, 2017.



  1. savvydon

    savvydon Gold Member Gold Chaser

    Joined:
    Dec 14, 2010
    Messages:
    1,964
    Likes Received:
    1,499
    Trophy Points:
    113
    Gold to Platinum ratio at historic highs currently:

    screenshot_55.png
     
  2. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

    Joined:
    Mar 31, 2010
    Messages:
    1,724
    Likes Received:
    2,161
    Trophy Points:
    113
    Location:
    Seattle
    Platinum is as low as I've seen it in a while. The last time I marked it for watching was last October when spot was $918.00. Apmex was selling Engelhard one ounce bars for $998.29. Most of the time I've seen platinum rounds (Canadian, Australian, Phillys, etc) sell for about $100.00 over spot in one ounce size.

    Here's Apmex link to platinum pricing: http://www.apmex.com/category/30000/platinum

    Spend wisely
    BF
     
    savvydon likes this.
  3. savvydon

    savvydon Gold Member Gold Chaser

    Joined:
    Dec 14, 2010
    Messages:
    1,964
    Likes Received:
    1,499
    Trophy Points:
    113
  4. glockngold

    glockngold Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    2,729
    Likes Received:
    2,682
    Trophy Points:
    113
    Would it be safe to say, that the other white meat's value was driven primarily by use in catalytic applications?
    As opposed to use as money?
    And are there not tons of unsold vehicles parked off site in dealer inventory?
    I have no idea, but I wouldn't go all in yet.
     
  5. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

    Joined:
    Mar 31, 2010
    Messages:
    1,724
    Likes Received:
    2,161
    Trophy Points:
    113
    Location:
    Seattle
    I think they're using palladium in those CATs now, and that development (about ten years ago or so) killed platinum prices. I've always thought, given the historic ratio of platinum to gold, that if gold took a big dump platinum would weather it better. So, I figure about 10% of your holdings in platinum, the rest in silver and gold. (lead, brass and steel as well).

    Yer right - don't go all in
    BF
     
    Fjpod likes this.
  6. Oldmansmith

    Oldmansmith Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    4,784
    Likes Received:
    4,814
    Trophy Points:
    113
    Occupation:
    Environmentl Consultant
    Location:
    Taxachusetts
    Palladium over $ 800.....maybe time to dump my huge store of two ounces, lol. They look so much like my silver maples I'm afraid I might mix them up.
     
  7. edsl48

    edsl48 Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    1,163
    Likes Received:
    1,385
    Trophy Points:
    113
    My question would be on Platinum what would its barter ability be if TSHTF? I thought about that quite a bit and outside of my huge 1oz Platinum hoard my thoughts think more of paper platinum as a trading vehicle. Can you imagine if in an economic crisis if people in general would only offer silver prices for it?
    Just sayin...
     
  8. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,741
    Likes Received:
    11,454
    Trophy Points:
    113
    New car production is going down, Im frankly not sure I want to make any more metal buys the way things are going.
     
  9. savvydon

    savvydon Gold Member Gold Chaser

    Joined:
    Dec 14, 2010
    Messages:
    1,964
    Likes Received:
    1,499
    Trophy Points:
    113
    I would think it would make you want to buy more.
     
  10. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

    Joined:
    Mar 31, 2010
    Messages:
    1,724
    Likes Received:
    2,161
    Trophy Points:
    113
    Location:
    Seattle
    I don't think it would be much good. Thats what God made silver for. But then, you wouldn't want platty to be your primary PM investment anyhow. I was only thinkin it would be a hedge against gold dropping - you wouldn't feel so bad if you had a buncha platty to sell for a few more buckazoids than that useless gold stuff.

    BF
     
  11. solarion

    solarion Gold Member Gold Chaser

    Joined:
    Nov 25, 2013
    Messages:
    3,583
    Likes Received:
    5,451
    Trophy Points:
    113
    Bitcoin is soaring vs fake money. Metals will soon follow imo.
     
  12. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,741
    Likes Received:
    11,454
    Trophy Points:
    113
    Depends on your age, at 67 not sure how long its going to take for real price discovery for gold and silver. Been waiting quite a few years for the 100+ that never came despite the world continuing to fall apart .
     
  13. savvydon

    savvydon Gold Member Gold Chaser

    Joined:
    Dec 14, 2010
    Messages:
    1,964
    Likes Received:
    1,499
    Trophy Points:
    113
    Understood. Certainly wouldn't want to go into debt or deprive myself merely to accumulate more metal. However, if there are surplus funds available I still think the metals are where it is at for wealth preservation.
     
  14. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

    Joined:
    Mar 31, 2010
    Messages:
    1,724
    Likes Received:
    2,161
    Trophy Points:
    113
    Location:
    Seattle
    Yass - 71 here and still stackin
    BUT - don't "deprive myself merely to accumulate more metal" true words

    BF
     
  15. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    3,618
    Likes Received:
    1,732
    Trophy Points:
    113
    Location:
    Bluegrass
    I bought Platinum on the paper side, ridiculous amounts, coming out of december (as document live in Zed's thread)

    Not too sure now is the time to buy
     
  16. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

    Joined:
    Apr 2, 2010
    Messages:
    4,633
    Likes Received:
    3,747
    Trophy Points:
    113
    Occupation:
    commercial/ industrial-construction/engineering/ma
    Location:
    mid-usa
    Been buying physical pt....since it went under 1k........i suspect pl will price cross pt soon....that will be the time i start trading my pl and adding even more pt
     
  17. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

    Joined:
    Mar 31, 2010
    Messages:
    1,724
    Likes Received:
    2,161
    Trophy Points:
    113
    Location:
    Seattle
    Ahhhh Platypus
    Aussie

    Platty.jpg

    MMMMMM

    BF​
     

Share This Page