• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Platinum, what is the best play?

Fjpod

Silver Member
Silver Miner
Joined
Jan 3, 2014
Messages
452
Likes
192
#1
I may be a little late to the game, but with Platinum selling for less than gold, what might be the best way to make a play? Physical? Paper? Stocks?

To me, this wouldn't be a longterm, doomsday stacking. It's more of a market play. I mean never assume anything, but I assume Platinum will outprice gold again soon.
 

Starter

Silver Member
Silver Miner
Joined
Jan 31, 2013
Messages
768
Likes
126
#2
Personally, I would recommend trading platinum through ETFs, using a brokerage account.

Recently, I have been using ETFs to trade silver, even though I am focusing on gold for my physical purchases. In this way, I have benefited from the recent plunge in the GSR during the last several weeks.

For platinum, there is an even stronger case to use ETFs, in that the dealers will use a bigger spread in their transactions with you, for both buying and selling, compared to silver and gold.
 

glockngold

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
2,966
Likes
3,281
#3
For platinum, there is an even stronger case to use ETFs, in that the dealers will use a bigger spread in their transactions with you, for both buying and selling, compared to silver and gold.
True dat.
 

oldgaranddad

Gold Member
Gold Chaser
Sr Site Supporter
Joined
Feb 21, 2012
Messages
3,689
Likes
5,522
Location
On the top shelf.
#4
Platinum is tied primarily to the automotive industry and secondarily to the medical industry. These industries drive the demand and the price of the metal. Bad auto sales make the price dive. Secondarily, Russia had and probably still has a huge stockpile and they have occasionally dumped it onto the market for their own purposes. Other than that I too would recommend using ETFs for this investment. Then again, if it is not in your hand then it it is not yours.
 

Chester-Copperpot

Gold Member
Gold Chaser
Site Supporter
Platinum Bling
Joined
Aug 24, 2010
Messages
3,276
Likes
2,367
#8
I've been buying platinum Maples last year and this year. My goal is quite simple. When the GSR hits the 40's I'm trading my silver for gold. When platinum starts moving and over takes gold again, I'll trade platinum for silver. Gold never gets traded.
 

oldgaranddad

Gold Member
Gold Chaser
Sr Site Supporter
Joined
Feb 21, 2012
Messages
3,689
Likes
5,522
Location
On the top shelf.
#10
Why is the premium so high on US minted Platinum Eagles?
Because the US Mint knows that they can get it. The premium is based upon many buyers irrational belief that something familiar (US Mint products) are worth the premium over other foreign mints' products when in fact there is indeed no difference. Some buyers believe in times of trouble that US Mint made products will be easier to sell or exchange. I guess that theory is true if you deal with the under-informed, idiots or both.
 

hernancortes

Gold Member
Gold Chaser
Joined
Apr 1, 2010
Messages
1,230
Likes
1,071
#11
Not irrational at all --- perception is reality. Their high premium is based upon them being in perpetual short supply. That they're a US coin is necessarily going to increase their demand standing against other physical options.
 

CrimsonGuardJay

Silver Member
Silver Miner
Joined
May 16, 2014
Messages
1,757
Likes
1,206
#12
Same. Platinum Eagles have a very low mintage, take the 2006 bullion strike, a total of 6,000 total mintage. The proofs are even lower and have amazing designs.
 
Last edited:

oldgaranddad

Gold Member
Gold Chaser
Sr Site Supporter
Joined
Feb 21, 2012
Messages
3,689
Likes
5,522
Location
On the top shelf.
#13
Not irrational at all --- perception is reality. Their high premium is based upon them being in perpetual short supply. That they're a US coin is necessarily going to increase their demand standing against other physical options.
True but that "perception" is irrational. Other mint's that produce Platinum coinage produce the same quality with a lower premium. Why would you pay a premium for someone else's irrational fantasy that the mint of the country is that much better than a foreign mint's product? Add this kicker in too. The courts have held that all US coinage produced by its mints are the property of the US government and such the courts have left a legal loophole yet to be exploited for another twisted justification to allow another 1933 confiscation. (yes, I know this is just a llegal "what if" but in the last 10 years we have seen so many far fetched legal "what ifs" become judicial precedent). With a foreign coin the US government "supposedly" has no claims on the piece... then again with the way the SCOTUS justified Obama-Care as a tax, not a tax, insurance, not-insurance, mandate, voluntary, etc. anything is possible.
 

Chester-Copperpot

Gold Member
Gold Chaser
Site Supporter
Platinum Bling
Joined
Aug 24, 2010
Messages
3,276
Likes
2,367
#14
Here's the thing about platinum Eagles. When you want to sell, a local coin shop(if your lucky) will pay spot +$50. Bars maybe a hair under spot and Maples spot +$20. In order to get the full value your stuck selling on eBay. I stick to Maples and pay $80 over. Still a high premium, but it's what I favor.
 

HistoryStudent

Midas Member
Midas Member
Joined
Mar 31, 2010
Messages
6,917
Likes
3,429
#15
PT is on par right behind AU and AG. The best play is ounces - close to spot as the premiums will allow.
They offer you a third way to have PMs.

Compare APEs to Canadians to Australians in any form.

I also collect APEs in proof and changing reverse APEs W in MS (2006 to 2008) because they were so low in mintage
before the gold spouses started to die.

HS
 

917601

Mother Lode Found
Mother Lode
Joined
Apr 2, 2010
Messages
11,291
Likes
9,284
#16
" what is the best play?", buy physical. Speaking from experience, I have done very well buying the best I could afford, deep cameo graded proofs years ago....( from Tulving) as for " selling", mom and pop shops do not have the money to buy in quantity the graded proofs, larger recognized PM dealers who do have money ( lots of money) will...if you are in PM's to " play", you will more than likely lose.
 

ttazzman

Midas Member
Midas Member
Site Supporter ++
Joined
Apr 2, 2010
Messages
4,852
Likes
4,302
Location
mid-usa
#17
I stacked a lot of physical PT when spot was under 1k......as a alternative long term investment.........premiums are always governed by replacement costs......as with any physical PM purchase watch the market and buy dips n sales anything to lower premium............if your just doing a short term direct metal gamble then Paper ETFs as mentioned are as good a play as any...
 

Duckworth

Seeker
Seeker
Site Supporter ++
Joined
Jul 2, 2015
Messages
219
Likes
255
Location
Mid Atlantic Coast
#18
True but that "perception" is irrational. Other mint's that produce Platinum coinage produce the same quality with a lower premium. Why would you pay a premium for someone else's irrational fantasy that the mint of the country is that much better than a foreign mint's product? Add this kicker in too. The courts have held that all US coinage produced by its mints are the property of the US government and such the courts have left a legal loophole yet to be exploited for another twisted justification to allow another 1933 confiscation. (yes, I know this is just a llegal "what if" but in the last 10 years we have seen so many far fetched legal "what ifs" become judicial precedent). With a foreign coin the US government "supposedly" has no claims on the piece... then again with the way the SCOTUS justified Obama-Care as a tax, not a tax, insurance, not-insurance, mandate, voluntary, etc. anything is possible.
To my way of thinking this is a real concern, and makes me lean toward acquiring Canadian, Brittish etc. metals. I wouldn't put anything past this government though, and under the right set of circumstances there may be no safe havens.
 

ttazzman

Midas Member
Midas Member
Site Supporter ++
Joined
Apr 2, 2010
Messages
4,852
Likes
4,302
Location
mid-usa
#19
a melting pot cures all those legal coinage issues real quick........its a NON ISSUE to me.....but buy metal at the very lowest premium when you can

confistication would force me to fire up the melting pot and create some gold...silver...plat....nuggets on my property to be mined when needed....
 
Last edited:

hernancortes

Gold Member
Gold Chaser
Joined
Apr 1, 2010
Messages
1,230
Likes
1,071
#23
From an 'it all melts the same' standpoint, yes it's irrational to prefer plat eagles. But I'm in the USA and it's rational to assume American's preference for APE's will persist, and their scarcity in the market will persist so the premiums will persist. After a 6 year hiatus the mint lost money on pt eagles in '14. Some have also been melted.
 
Last edited:

hernancortes

Gold Member
Gold Chaser
Joined
Apr 1, 2010
Messages
1,230
Likes
1,071
#24
The mint has lost money on pt eagles every year since they returned in 2014, 2017 being a record loss of almost 2M. The new 2017 Pd eagle also lost money at 1.3M. Net income on silver eagles dropped from over 30M in 2016 to 0.5M in 2017.
 

CrimsonGuardJay

Silver Member
Silver Miner
Joined
May 16, 2014
Messages
1,757
Likes
1,206
#25
The mint has lost money on pt eagles every year since they returned in 2014, 2017 being a record loss of almost 2M. The new 2017 Pd eagle also lost money at 1.3M. Net income on silver eagles dropped from over 30M in 2016 to 0.5M in 2017.
How exactly did it dump profit all the way from 30 mil down to a mere $500,000? Like, what the hell happened?
 

CrimsonGuardJay

Silver Member
Silver Miner
Joined
May 16, 2014
Messages
1,757
Likes
1,206
#26
Same. Platinum Eagles have a very low mintage, take the 2006 bullion strike, a total of 6,000 total mintage. The proofs are even lower and have amazing designs.
I actually may have an 06... I would love to see a crazy premium, being the scarcest bullion strike coin the mint has produced in modern day.
 

Starter

Silver Member
Silver Miner
Joined
Jan 31, 2013
Messages
768
Likes
126
#27
As of today, the price of platinum stands equal to that of palladium, at $919 per ounce.

This may be a critical moment for those wishing to invest in platinum.
 

ZZZZZ

Gold Member
Gold Chaser
Joined
Dec 23, 2017
Messages
780
Likes
1,819
Location
Northern Arizona
#28
As of today, the price of platinum stands equal to that of palladium, at $919 per ounce.

This may be a critical moment for those wishing to invest in platinum.
And not to mention that platinum is at an historic discount to gold.

Maybe it's just me, but I don't get it.
.
.