Platinum Prices in GBP

[272]

Platinum doing well today. Upto £929.88 when I checked at 11.32 am!

Also saw this interesting article on bullionvault news although note the source's vested interest in promoting platinum!

https://www.bullionvault.com/gold-news/platinum-hydrogen-021020212

 

 

 

[272]

Another forecast suggesting Platinum may reach £950+ an ounce but then is at risk of a pull back?

 

Gold, Platinum Forecast: Will Supply Shortfall Drive Wider Price Divergence? (dailyfx.com)

 

[Stuntman]

I'm hoping that the Platinum rally is just getting started 😉

In the meantime I will be adding to my Gold reserves while the price remains below £1350 per oz.

[InvestInCoins888]

Platinum has been undervalued for a long time. This price correction has been coming for a while and it’s interesting to note it’s under its own steam, powering on, regardless of what the other precious metals are doing.

Late last year SA miners suggested it was no longer feasible to mine Platinum at the current price due to extra costs associated with Covid. They helpfully pointed out there was around 3-4 months supply available...  SA has a monopoly on Platinum mining. 
 

Im going for £1500 an Oz by the end of 2021.

[272]

Its corrected itself back down to pre-weekend prices of about £909.27 but still pretty happy with that! 

[Pete]

Platinum should be priced well above gold and used to sit at the top of the food chain when it came to buying an engagement ring or wedding ring.
9ct gold, 18 ct gold then platinum !!

We all know PM markets are volatile and more likely than not manipulated by the big financial institutions.
Platinum has been underpriced for a long time and maybe this is its turning point.
Time will tell but recent rises makes me very hesitant in buying because it has seen massive swings in relatively short periods of time.

[Spark268]

in dollar terms, it should hang around the 1300 levels for a while before moving higher. it was above 2000 the last time gold was at this level.

the pound has done well of late, its been up 10% against the dollar.