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Platinum?

nickndfl

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LME is owned by the Chinese. They are draining physical metal inventories and collecting a vig at the same time.
 

Voodoo

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LME is owned by the Chinese. They are draining physical metal inventories and collecting a vig at the same time.

Well they were bought by the Chinese. I don't know how long ago. It was previously known that the Chinese had big problems with fabricating / rehypothecating their "warehouses" of commodities. I'm sure they were just running an even larger scam.
 

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If Platinum Group Metals (PLG) can ever get the Waterberg project off the ground.... look out.
 

nickndfl

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^^^^☆☆☆☆☆^^^^

If the chinks ever put out an honest product there would be demand as never seen before, but they can't because they won't. It's not in their nature.

I know Americans, Canadians, Cubans who will push a con over an honest deal even if the $ outcome was the same. They are simply dysfunctional. *See also US Government.
 

Au-myn

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If Platinum Group Metals (PLG) can ever get the Waterberg project off the ground.... look out.
Interesting company. Approximately 80 million Shares FD as of Nov 21 (Q1) Tough location SA.

Was a 40 dollar number in 2016.
 

Tecumseh

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Interesting company. Approximately 80 million Shares FD as of Nov 21 (Q1) Tough location SA.

Was a 40 dollar number in 2016.
I think there will be more dilution for them to get their project going. Not a ton of cash on the books right now.
 

Au-myn

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Yes I agree Tecumseh, They will have to finance the Project.

I downloaded the OCT 2019 NI43-101. Looks impressive.
 

Au-myn

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Whats a vig?

vig

1)the interest payment on a loan paid back to the creditor by a certain percent.
2)short for "vigorish" used in gambling;When wagering on a straight wager (point spread or total), you lay a certain amount of money to win a smaller amount of money. The difference between what is wagered and what is won is called the 'Juice' or 'VIG'. This 'Juice' or 'VIG' is one of the ways a sports book makes its money. In football and basketball the 'Juice' (or 'VIG') is 10%. In other words, for every $110 wagered you will win $100. If you lose the wager, you lose $110. If you win the wager, you get the $110 'Juice' refunded to you, plus the $100 in winnings ($110 + $100 = $210 total paid back to your account).
1)joe, "Lucky Hands wants one over prime".
tony, "what?".
joe, "he wants 1 point over the vig"
2)joe, "i wonder what the vig is for the jay hawks, huskers game?"
vito, "10%"
 

Voodoo

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Not sure if anyone has noticed but Platinum appears to be waking up. Need to breakout and close about $1,000. Easily seen resistance here.

1654186556974.png


I like that it appears to be outperforming Palladium now. Perhaps car makers have switched over or will soon.

1654186633929.png
 

ttazzman

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Not sure if anyone has noticed but Platinum appears to be waking up. Need to breakout and close about $1,000. Easily seen resistance here.

View attachment 262147

I like that it appears to be outperforming Palladium now. Perhaps car makers have switched over or will soon.

View attachment 262148
Thanks for pointing out the move.......i have been only looking at the metals markets in passing lately as seasonally they typically are pretty blah during the summer months and i get focused on spring farm stuff
 

gringott

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I wish it would plunge to $800.
 

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I have a few shares of PPLT in an IRA account I was thinking of selling today. I know, I know, paper PMs can't be trusted, but in my IRA where I'm stuck with paper for a while, I have been trading on the ups and downs. I think too many folks are hoping for a soft landing and the economy to keep going OK. I think they will be disappointed in the not too distant future. Maybe I'll sell just half.
 

nickndfl

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Best price to buy physical is < $940 oz. When 1oz. are $1030 & 1/10s are < $125 are good buying points. Depending on how much and fast interest rates rise will determine the price. If you have paper ride the price up, but get ready to take profits before the next down cycle.
 

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Liquid Platinum at Room Temperature
SciTechDaily

Scientists in Australia have been able to use trace amounts of liquid platinum to create cheap and highly efficient chemical reactions at low temperatures, opening a pathway to dramatic emissions reductions in crucial industries.

When combined with liquid gallium, the amounts of platinum required are small enough to significantly extend the earth’s reserves of this valuable metal.

Normally, the melting point for platinum is 1,768°C (3,215°F). ...combined the platinum with liquid gallium, which has a melting point of just 29.8°C – that’s room temperature on a hot day. When combined with gallium, the platinum becomes soluble. In other words, it melts, and without firing up a hugely powerful industrial furnace.

...because it’s a liquid-based system, it’s also more reliable. Solid-state catalytic systems eventually clog up and stop working. That’s not a problem here. Like a water feature with a built-in fountain, the liquid mechanism constantly refreshes itself, self-regulating its effectiveness over a long period of time and avoiding the catalytic equivalent of pond scum building up on the surface

==============================
So platinum may once again rise in price to the level of gold.
 

Voodoo

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Liquid Platinum at Room Temperature
SciTechDaily

Scientists in Australia have been able to use trace amounts of liquid platinum to create cheap and highly efficient chemical reactions at low temperatures, opening a pathway to dramatic emissions reductions in crucial industries.

When combined with liquid gallium, the amounts of platinum required are small enough to significantly extend the earth’s reserves of this valuable metal.

Normally, the melting point for platinum is 1,768°C (3,215°F). ...combined the platinum with liquid gallium, which has a melting point of just 29.8°C – that’s room temperature on a hot day. When combined with gallium, the platinum becomes soluble. In other words, it melts, and without firing up a hugely powerful industrial furnace.

...because it’s a liquid-based system, it’s also more reliable. Solid-state catalytic systems eventually clog up and stop working. That’s not a problem here. Like a water feature with a built-in fountain, the liquid mechanism constantly refreshes itself, self-regulating its effectiveness over a long period of time and avoiding the catalytic equivalent of pond scum building up on the surface

==============================
So platinum may once again rise in price to the level of gold.

Ok, this isn't really correct..."When combined with gallium, the platinum becomes soluble. In other words, it melts"

It didn't melt, they should have stuck with the first statement. It's just in solution like dissolving salt in water might be. I don't really know that is what happens because I haven't looked at the phase diagram or this system. Plus I cannot see liquid catalysts being easier to deal with than solid Pt. Unless maybe the solid is really a mesh and that will get plugged up.
 

gringott

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They have created gold too. Too bad it costs millions for a speck.
 

ds_mustang

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They have created gold too. Too bad it costs millions for a speck.
I thought it was impossible to create an element. Though I guess you could assemble the atoms...
 

Voodoo

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I thought it was impossible to create an element. Though I guess you could assemble the atoms...

Oh no, all nuclear reactions can change elements. Some do and some don't. That's how you get the heavier elements after all in energetic reactions.

Basically if you add or lose protons the element changes.
 

BigJim#1-8

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Au to Pt 1.96/1
 

Jodster

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We are now at 2/1. Hard not to look at platinum as a buy at these levels...
After listening to a few different podcasts, I wouldn't exactly say it's buy time. Thoughts are that en economic slowdown will decrease consumer goods, thereby lessening the demand for industrial metals, at least temporarily.
tread lightly my friend.
 
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nickndfl

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We are now at 2/1. Hard not to look at platinum as a buy at these levels...


Physical is not 2 to 1, but it's still a good buy. If you can buy platinum coins < $1k it's a bargain. Best price I have seen lately is $1026 for a 1oz. Brit.
 

Mujahid

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Oh no, all nuclear reactions can change elements. Some do and some don't. That's how you get the heavier elements after all in energetic reactions.

Basically if you add or lose protons the element changes.

Some point in the future if humans are still here and we have mastered Dyson spheres, bullion will be almost worthless.
 

Voodoo

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Some point in the future if humans are still here and we have mastered Dyson spheres, bullion will be almost worthless.

Yeah, I'm not sure about that... Even with an infinite amount of energy inputs you still have limited specific paths to get to each element. Plus, many of these new elements are not going to be stable isotopes and may be very radioactive. I think these very rare and heavy elements like Platinum will still have very good uses and value.

In the short term it could certainly see some issues, especially with diesel trucking potentially shutting down. But you may just not be able to get it anymore and I would just get what you can/want now. Who cares if you don't get the low, that won't matter in the future.
 

Voodoo

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An interesting article. As usual in real science. We don't really know how all the gold was even formed yet.


"This was a surprise. It looks like spinning supernovae with strong magnetic fields are the real source of most of these elements."

1656125524299.png
 

Goldbrix

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Some point in the future if humans are still here and we have mastered Dyson spheres, bullion will be almost worthless.
Yeah, and some time in the future when frogs have wings they won't bump their ass.
Don't hold your breath.
 

Mujahid

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Yeah, I'm not sure about that... Even with an infinite amount of energy inputs you still have limited specific paths to get to each element. Plus, many of these new elements are not going to be stable isotopes and may be very radioactive. I think these very rare and heavy elements like Platinum will still have very good uses and value.
Yeah, and some time in the future when frogs have wings they won't bump their ass.
Don't hold your breath.

We will definitely all be dead of old age by that point where we master it and can do it cheaply.

This is probably hundreds of years away.
 

BigJim#1-8

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Under $900 FRN's as of this post...
 

nickndfl

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Physical 1 oz. sovereign coins < $1050 in buying range. When the 1/10ths are < $120 buy buy buy.
 

EO 11110

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Physical 1 oz. sovereign coins < $1050 in buying range. When the 1/10ths are < $120 buy buy buy.
perth kooks are going for 140. too high?
 

nickndfl

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$140 is too high. The units below are good. I bought some from SD already.


 

BeefJerky

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Not sure what's good about 1/10 oz platinum. Platinum should be bought with the intent of converting to silver or gold.
 

nickndfl

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When Russia and South Africa demand gold in payment for platinum watch the price go up fast.
 

ttazzman

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just cant seem to get physical platinum under 1k ....even with spot at $870 ......nobody is selling into the market
 

Avalon

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SD Bullion

I think we are going to see some massive price drops in PMs very soon. The question is will be able to get metals when it happens? That price on platinum is very tempting.
 

mnmom

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I think we are going to see some massive price drops in PMs very soon. The question is will be able to get metals when it happens? That price on platinum is very tempting.
Interested in why you're thinking this way?
 

FoundingFathers

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I've been watching platinum and agree it seems incredibly cheap. Here is the "fundamental" reasons it has fallen out of favor (sorry if this was already covered);

Palladium is now used over Platinum in Catalytic Convertors - yes Palladium is now more expensive so why don't they switch back to Platinum?
First reason is they invested a ton of money in the infrastructure to use Palladium and "they" won't invest to go back to Platinum - at least not yet and besides, electric cars don't need convertors.

Sources of Palladium overall are in less politically volatile locations.

Platinum was never able to establish itself as a monetary metal and it's appeal as jewelry has recently diminished.

Having said all that, platinum still has many industrial uses and jewelry fashion comes and goes. The price very much seems to have more than discounted all of the above. Technically the charts are still in a downtrend but the next breakout to the upside could be the start of a multi-year bull market where I could see platinum outperform the other precious metals.