Platinum - a buy right now? Better than Gold?

[Tattoedamat]

Do it you know you want to

[Serendipity]

I don’t think there’s any harm in anyone diversifying their stack/collection with platinum even if it’s just with one platinum piece. The problem with silver is that it’s the cheapest precious metal around and takes up a lot of space. Gold on the other hand is the precious metal that gets all the attention but is also one of the most expensive to stack/collect at the moment. Platinum provides a middle ground between those two fluctuating extremes. It’s neither too cheap nor too expensive but rarer than both silver and gold.

[OneBlueSummer]

I have always thought Platinum would be way too expensive to buy till this weekend when i looked up the charts. Couldn't belive it, funny Canada's most vaulable coin is a $300 Platinum, same with some other countries, even Russia had 3 coins back in the day like 1854pre were PLT and were the highest valued.

Historically Gold has been peaked only an extra 10%, Silver has been 3x, and PLT has been 3x what it is.

So whats the buy now?

You can get GLD @ 10% over Spot, Silver @ 25% over spot, and PLT at 10% over - What sells me here is PLT has the lowest cost to aquire over spot and historically highest to go. NOT exact numbers but with these geralities this is a strong BUY just based on historical numbers and current Cost to Aquire.

Its been stated before but check out whats slated for 2022:

Diesel though not as popular in smaller cars now will be here for the long haul, even small 1/2 ton Merica trucks are being offered in Diesel now. I still agree with stated above that a lot of the reasoning behind the down swing is fear mongered from that VW scandal.

PLT is widely being used in medical, injectionable (is this a word 🤨) metals. Which to me I see a huge possible inflation for prosthetic, and even stated cancer treatments, unreal!

This list is an amazing outline I hope is Stickied in a new thread titled:

What is Platinum Used For

 

 

 

I am new to metal buying but one thing I do know is History LOVES repeating itself. So Im jumping in and will sell half @ 2100$/ounce and keep the rest till the moon.

[Serendipity]

50 minutes ago, OneBlueSummer said:

I have always thought Platinum would be way too expensive to buy till this weekend when i looked up the charts. Couldn't belive it, funny Canada's most vaulable coin is a $300 Platinum, same with some other countries, even Russia had 3 coins back in the day like 1854pre were PLT and were the highest valued.

Historically Gold has been peaked only an extra 10%, Silver has been 3x, and PLT has been 3x what it is.

So whats the buy now?

You can get GLD @ 10% over Spot, Silver @ 25% over spot, and PLT at 10% over - What sells me here is PLT has the lowest cost to aquire over spot and historically highest to go. NOT exact numbers but with these geralities this is a strong BUY just based on historical numbers and current Cost to Aquire.

Its been stated before but check out whats slated for 2022:

Diesel though not as popular in smaller cars now will be here for the long haul, even small 1/2 ton Merica trucks are being offered in Diesel now. I still agree with stated above that a lot of the reasoning behind the down swing is fear mongered from that VW scandal.

PLT is widely being used in medical, injectionable (is this a word 🤨) metals. Which to me I see a huge possible inflation for prosthetic, and even stated cancer treatments, unreal!

This list is an amazing outline I hope is Stickied in a new thread titled:

What is Platinum Used For

 

 

 

I am new to metal buying but one thing I do know is History LOVES repeating itself. So Im jumping in and will sell half @ 2100$/ounce and keep the rest till the moon.

I love reading all this stuff about precious metals. One interesting fact that I’ve recently discovered about another precious, silver, is that if you place an ice cube on a silver coin or bar, the ice will begin to melt immediately. Obviously, ice will melt if placed on anything at room temperature, for example, but if placed on silver it will melt much more quickly and impressively. This is because silver has the highest thermal conductivity, as compared to other metals. We all know that ice melts at room temperature, but when placed on a silver bar, it will melt at a faster pace. The silver will turn cold in a few seconds.

[Melon]

3 hours ago, OneBlueSummer said:

You can get GLD @ 10% over Spot, Silver @ 25% over spot, and PLT at 10% over - What sells me here is PLT has the lowest cost to aquire over spot and historically highest to go. NOT exact numbers but with these geralities this is a strong BUY just based on historical numbers and current Cost to Aquire.

You can get gold at 4% over spot from dealers, less on the forum. Would love to know where you can get platinum at 10% over spot - I've got my credit card ready to go!! 😄

 

3 hours ago, Serendipity said:

I love reading all this stuff about precious metals. One interesting fact that I’ve recently discovered about another precious, silver, is that if you place an ice cube on a silver coin or bar, the ice will begin to melt immediately. Obviously, ice will melt if placed on anything at room temperature, for example, but if placed on silver it will melt much more quickly and impressively. This is because silver has the highest thermal conductivity, as compared to other metals. We all know that ice melts at room temperature, but when placed on a silver bar, it will melt at a faster pace. The silver will turn cold in a few seconds.

Yes it's cool learning the uses outside of coins. Love how silver turn up at the door straight off the post truck and when you unbox it it's ice cold from the journey 😄

[RedDragon77]

Platinum bullion at 10% over spot would be amazing right now. Seen Palladium at that but that's getting too expensive for a single unit when selling physical, better to speculate in paper Palladium.

[goluckystayhappy]

How about getting Platinum through Bullionvault. Yes not in your hand but the cheapest way to buy a stake in the metal.

[RedDragon77]

I would quibble that an ETF is the cheapest way to have a stake than pay a small premium and pay for storage.

[goluckystayhappy]

In the UK we also get stung with 20% VAT on Platinum even before premiums are considered.

[RedDragon77]

Yeah, double Ouch!!! ETF all the way unless you're prepping... with platinum.

[Tattoedamat]

ETF is fine if it follows spot properly and is physically backed.

Platinum group mining shares are another very viable option 🤫😉

[Guest]

That’s a superb infographic there @OneBlueSummer!

On 12/04/2020 at 22:27, Serendipity said:

I love reading all this stuff about precious metals. One interesting fact that I’ve recently discovered about another precious, silver, is that if you place an ice cube on a silver coin or bar, the ice will begin to melt immediately. Obviously, ice will melt if placed on anything at room temperature, for example, but if placed on silver it will melt much more quickly and impressively. This is because silver has the highest thermal conductivity, as compared to other metals. We all know that ice melts at room temperature, but when placed on a silver bar, it will melt at a faster pace. The silver will turn cold in a few seconds.

Interesting fact about Pt and chemotherapy - cisplatin [Pt(NH3)2(Cl2)] was the first compound for anti cancer. Being square planar in geometry, it interferes with the DNA replication in cells by binding to either the major or minor grooves with the DNA helix. Once bound, the process of DNA replication is stopped and the cell then cannot multiply. When the cell detects it cannot replicate it then triggers apoptosis and dies. Takes me back to biochem-101 at Uni 🤔

The price to buying pure Pt powder (> 99.95%) from either Sigma Aldrich or Fisher is around £600 for 5g.

[RedDragon77]

9 hours ago, C60 said:

That’s a superb infographic there @OneBlueSummer!

Interesting fact about Pt and chemotherapy - cisplatin [Pt(NH3)2(Cl2)] was the first compound for anti cancer. Being square planar in geometry, it interferes with the DNA replication in cells by binding to either the major or minor grooves with the DNA helix. Once bound, the process of DNA replication is stopped and the cell then cannot multiply. When the cell detects it cannot replicate it then triggers apoptosis and dies. Takes me back to biochem-101 at Uni 🤔

The price to buying pure Pt powder (> 99.95%) from either Sigma Aldrich or Fisher is around £600 for 5g.

Amazing!!! Thanks for that!

[ExUmbris]

Does anyone know the best places to find platinum closer to spot? I am seeing a lot of nearly $200 and up premiums per ounce.

[Tattoedamat]

I am guessing platinum bars will have  less premium

[sovereignsteve]

I find it interesting that we have a sudden interest in buying platinum. Is it simply because the price has dropped?

Cheap commodities are usually cheap for a reason; nobody wants them.

Platinum is simply an industrial commodity metal. It is rare, yes, and strictly speaking, precious.

It is a small supply and market.

38% diesel catalytic converters, 35% jewellery and the rest various.

So, it seems to me platinum is a speculative play on increased diesel vehicle production and use, increased jewellery use or some future new use.

I think we can rule out diesel. I also believe jewellery use has dropped and will continue to drop due to recession etc. Also, will people want platinum jewelley in future? I believe it only became popular because it was more expensive than gold, sort of a swanking situation.

[blindguy]

9 hours ago, ExUmbris said:

Does anyone know the best places to find platinum closer to spot? I am seeing a lot of nearly $200 and up premiums per ounce.

even on the many auction sites i go on daily i can not find platinum for less then $1000 a ounce for graded eagles. i guess all we can do is see if the price will come down this summer.  Jim

[ExUmbris]

2 hours ago, blindguy said:

even on the many auction sites i go on daily i can not find platinum for less then $1000 a ounce for graded eagles. i guess all we can do is see if the price will come down this summer.  Jim

https://www.apmex.com/product/196120/2020-1-oz-platinum-american-eagle-bu
 

this is the best I have seen. I am trying to decide if it is worth buying one just to have. Even with the premium it is hundreds less than historic spot prices so may be good to have and hold. I am also new to all of this and may not know what I don't know.

[Uksilverstackers]

I prefer Platinum as its more resistant to tarnishing, gets no milk spots and no red spots, unlike some other PM’s, to the point I would now only consider buying graded in Pt...

[blindguy]

try to buy graded eagles. i like ngc and pcgs graded coins. if you have other questions just ask and if i can help i will.  jim

[Uksilverstackers]

14 hours ago, blindguy said:

try to buy graded eagles. i like ngc and pcgs graded coins. if you have other questions just ask and if i can help i will.  jim

Thanks Jim, appreciated.

[DrakeSavory]

On 20/04/2020 at 08:10, ExUmbris said:

https://www.apmex.com/product/196120/2020-1-oz-platinum-american-eagle-bu
 

this is the best I have seen. I am trying to decide if it is worth buying one just to have. Even with the premium it is hundreds less than historic spot prices so may be good to have and hold. I am also new to all of this and may not know what I don't know.

I've been getting mine from JM Bullion at slightly better prices.  I'm up to 2ozt, a Royal Arms which I think is a very underappreciated coin and an APE (American Platinum Eagle).  At these prices I'd go after some bars especially PAMP if they were available.

The real question is how much Pt to stack vs gold and silver.  

[Tattoedamat]

A few that hold a fair bit recon 10% in stack is about right.

 

Personally I'm getting the entire queen's beasts set and that's me done on Platinum unless it drops and I stack a few bars to flip

[DrakeSavory]

That's why I'm thinking PAMP bars.  Those are the flippers when Pt goes up then hold APEs in reserve for when it really goes up.

[ExUmbris]

1 hour ago, Tattoedamat said:

A few that hold a fair bit recon 10% in stack is about right.

 

Personally I'm getting the entire queen's beasts set and that's me done on Platinum unless it drops and I stack a few bars to flip

Rookie question, we are talking 10% of stack by dollar value, not by weight, yes?