Anyone else getting into platinum ? Prices at 6 year lows

[Lindeman]

Folks

Anyone else tempted?? I bought a 1 oz Platypus back in April for over £1000 delivered, but now at CoinInvest or Goldline you can get even a Noble for less than £900 delivered, so I am probably going to pick up an ounce. If gold was @ a 6 year low we would hear a lot more buyers heading to buy, but platinum seems not to get the attention. I know the downside arguments - hefty VAT/ limited sellers market etc - but I have to say there is something very special about an ounce of platinum, especially at prices not seen since 2009!

Anyone else buying? Or is this crazy - "trying to catch the falling knife". The chart is pretty amazing though.

Thoughts?

Lindeman

[watchesandwhisky]

I have given consideration to platinum, I really would like some, and some rhodium, but I want a much stronger position in gold before I go that way, If I had plenty of gold I would probably go for some.

[Lindeman]

How much is "plenty" gold Madstacks?

I know what you mean ...I love the gold as well, but would never know when I have enough...

Just can't get the thought out of my head that this could be a 6 year low. Maybe Mr Tsipras holds the answer to these questions ..

[watchesandwhisky]

For me personally I'd say maybe 20 oz gold and 500 oz silver before I consider any other PMs, But I am nowhere near that, not even close to half way of that..

[MCJ]

I've not really looked, does Platinum come in fractional coins?

[watchesandwhisky]

Yep, Perth mint did some small fractionals, and chinese pandas. but the premium is probably quite steep.

[HawkHybrid]

as an investment with the intention to make you a

profit, gold is probably a better bet. lower prices are

always nice for those who buying it makes sense.

 

HH

[Stu]

I have been toying with the idea of palladium. BBP (who I have never used, but do it in fractions) are selling a half ounce pamp Suisse bar for £311 all in. May be worth a long term punt, a buy and forget job.

[Danny-boy]

I'd like an ounce of each (palladium, platinum & rhodium), but the premium and selling difficulty put me off.

[StackemHigh]

Yep, Perth mint did some small fractionals, and chinese pandas. but the premium is probably quite steep.

I've seen lunar fracs with upto 50% premium. Some of the Panda fracs with a 12% to 15% premium. Again it's supply and demand .

[Dune69]

 selling difficulty put me off.

 

Me too

 

I like a get out plan before i get in

 

 

Gold is probably the easiest get out.. I know where to buy rhodium .. not sure where to sell it 

[HelpingHands]

I asked somebody before about Rhodium and they said ETF is for the best.

Do any of the allocated storage options give these other metals as options?

[Lindeman]

Great to read everyone's views. Must admit my interest stops after platinum - never seriously thought about rhodium or palladium. The selling dilemma gets serious with those two PMs I reckon! Agree that gold obviously easier to shift - either as Sovs of single ounces. But I quite like the idea of an ounce each of platinum Noble, Maple, Platypus and Eagle...

Shame STG don't carry some ! Livia - ?

[cliveb13]

I have some of each, gold, palladium, platinum and rhodium. I have bought direct from second-hand sellers so the premium for vat etc is just the price. 

 

I have not done it to make money though. I just like the idea of something very rare and very pure. I have no idea how you make money because if you sold it, you might never get it back. 

[MickB]

I did buy a 1/4 oz platinum maple a few months ago. Shame about the vat on it though.

[shemyaza]

For me the Black Eagles with Ruthenium coating on them are great. At $50oz for a metal 3 times rarer than gold is quite strange. Just having a .999 silver coin coated in it seems a good combination of a beautiful coin and a hedge on a space industry metal being more widely demanded (absorbs light). Ruthenium for me alongside Gold and Silver as a combo option.

[MickB]

For me the Black Eagles with Ruthenium coating on them are great. At $50oz for a metal 3 times rarer than gold is quite strange. Just having a .999 silver coin coated in it seems a good combination of a beautiful coin and a hedge on a space industry metal being more widely demanded (absorbs light). Ruthenium for me alongside Gold and Silver as a combo option.

I did buy one of these a while back. Wouldn't mind seeing a full 1oz Ruthenium coin but would wonder what it would cost.

[Melon]

For me the Black Eagles with Ruthenium coating on them are great. At $50oz for a metal 3 times rarer than gold is quite strange. Just having a .999 silver coin coated in it seems a good combination of a beautiful coin and a hedge on a space industry metal being more widely demanded (absorbs light). Ruthenium for me alongside Gold and Silver as a combo option.

 

Plated 

Something that is plated means that it has a very thin coating of precious metal.  The weight of the metal that plates a "one troy ounce" bar, for example, is an insignificant amount.  Metal is opaque, so it takes very little to mask the base metal underneath.

[Bumble]

Platinum (like palladium) is primarily an industrial metal; it is substitutable with palladium for use in catalytic converters. As such, the price will likely only rise substantially if there is an increase in the demand for cars. So if you buy it you are betting on either a general economic recovery leading to people being able to afford new cars, or possibly the Chinese passing some environmental legislation to require all their cars to have catalytic converters (they don't at present, which is a contributing factor to the high levels of atmospheric pollution in China).

 

I wouldn't hold my breath on either score. I prefer gold just because it is (almost) a pure monetary metal. Silver is good too because it benefits from the "poor man's gold" factor and tends to rise when gold does.