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Serendipity

Platinum or Gold?

Should buy I buy a platinum or gold coin?  

43 members have voted

  1. 1. Should I buy a platinum or gold coin?

    • Platinum
      16
    • Gold
      28


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Posted (edited)

@ChrisSilver has made a very persuasive case why we should add platinum to our stack/collection. Should I add diversity to my stack/collection by making my next purchase a platinum coin or continue with gold? Please feel free to cast your votes.

Edited by Serendipity

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Posted (edited)

I am very keen on platinum, but I voted buy a gold coin.  Easier to by at a lower premium, easier to sell.

Edit: if you are buying purely to collect, then buy a platinum coin.  Cheaper than gold, and differently lovely.

Edited by Stuntman

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1 hour ago, Melon said:

I'd love to pick up some platinum but the 25-30% premiums have put me off. 

Just kid yourself that the spot price is 30% more than it actually is, it has been multiple times more in the past 😀, just look at the charts. I think any serious stacker should have at least a bit of pt and anything up to 10% I am comfortable with 10% platinum to gold ratio(physical ) I have been known to just make it up as I go along though. I also had a target of 50:1, silver to gold, but that has gone a bit west. Lighter on the silver front ATM. 


“Nowadays people know the price of everything and the value of nothing.” Oscillate Wildly

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Gold is money and the ultimate store of value. Platinum is a speculative play on an industrial commodity.

They are different. The question is not one or the other, it is should I buy some Pt as well as gold?

I would say do not buy Pt unless you are happy that you have enough Au to cover yourself for reasons you want Au in the first place.

There are many speculative "investments" you can put "spare" money in to, Pt is just one of them.


Happy to receive feedback on all my trades. If anyone wants feedback from me, just say the word.

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Good advice in the previous two posts, IMO.  my physical Pt is about 15% of my physical Au.  I've bought it to hold and am not looking to sell, but I do expect it to be worth a lot more in 5 years' time than I paid for it.

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On 27/04/2020 at 19:56, KDave said:

For coins buy gold, platinum buy ETF imo.

It is harder to buy ETF than a coin for me though . Spent too long on here being brainwashed by the don't hold you don't own crowd ;)

 

 

What's your opinion on ETF's, are they safe?

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18 minutes ago, HerculeHolmes said:

 

What's your opinion on ETF's, are they safe?

Imo the risk is in trusting your fellow man. The ETF's I have invested in by ishares (which is BlackRock) claim to hold the metal, I think as long as that is the case, ETF's are as safe as any other institution dealing in holding/vaulting the precious metals. Have a look into the difference between ETF's and bullion vaulting it reveals a lot about them both. 

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On 27/04/2020 at 18:10, Serendipity said:

@ChrisSilver has made a very persuasive case why we should add platinum to our stack/collection. Should I add diversity to my stack/collection by making my next purchase a platinum coin or continue with gold? Please feel free to cast your votes.

Platinum, although there is a smaller quantity globally compared to gold, is viewed very much as an industrial metal, used for catalytic converters, fuel cells, batteries etc. and is viewed as a common commodity as such (which is counter intuitive). The premium added to minting Pt coins is massive compared to gold coins and generally there doesn’t appear to be much of an uptake selling back to dealers.

Gold is seen as a safer choice only because of reputation - it’s been used as a currency for thousands of years, because it could be easily mined over Pt. Just think about if it was the opposite - and Pt had been used as a currency instead of gold 🤔

But that doesn’t mean diversifying out into other PMs is bad - even a small percentage of Pt in the portfolio is better than nothing 👍

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On 27/04/2020 at 11:49, Stuntman said:

I am very keen on platinum, but I voted buy a gold coin.  Easier to by at a lower premium, easier to sell.

Edit: if you are buying purely to collect, then buy a platinum coin.  Cheaper than gold, and differently lovely.

That's kind of an argument in favor of adding gold to a silver stack: it's differently lovely. 

Platinum looks like silver. 😁

On 27/04/2020 at 14:24, sovereignsteve said:

Gold is money and the ultimate store of value. Platinum is a speculative play on an industrial commodity.

They are different. The question is not one or the other, it is should I buy some Pt as well as gold?

I would say do not buy Pt unless you are happy that you have enough Au to cover yourself for reasons you want Au in the first place.

There are many speculative "investments" you can put "spare" money in to, Pt is just one of them.

Exactly my thinking. For me I'm not at that point yet, though I would like to diversify the stack with platinum at some point.

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Depends on why you are stacking.
Gold trades quickly and very close to spot so can rise and just as quickly fall.

Platinum historically used to be more expensive ( some would argue more valuable ) than gold.
Why was that ?
What has really changed ?

Metals are most likely manipulated in price especially silver and platinum which look cheap compared to gold.
You need to buy platinum from EU countries ( whilst we can ! ) that don't apply the full VAT.

There was a sizeable dip in Platinum not so long ago and that would have been an ideal opportunity to buy.
How wonderful is hindsight as I should have bought more than I did.
In the same sentence I should not have disposed of a large chunk of my gold a year ago.
When the demand is high regretfully for latecomers the dealers increase their premiums - because they can.

Personally I see no point in looking at charts and extrapolating either.
No-one knows where PMs will be in a matter of days never mind years.

If you can buy Platinum at a good price that's what I would buy at present.
 

 

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I put some more money into my Platinum ETF holding at the weekend.  I still think it's cheap and will continue to buy at or near these current prices, certainly below £700 per ounce.

(This is clearly just my opinion and I'm not putting all my eggs in the same basket...)

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