Platinum - who's buying?

[RedDragon77]

Thanks for the info @C60!

[Pete]

Did anyone manage to buy some Platinum on the dip a few weeks ago AND is waiting delivery ?
Any idea as to when the Royal Mint will be shipping to their dealers ?
I saw a TV programme where the Royal Mint was manufacturing face shields for the NHS so maybe their efforts are directed elsewhere at the moment.

[Pipers]

I don't think you will be getting your coins and bars anytime soon!!!!!

https://www.standard.co.uk/news/uk/royal-mint-visors-nhs-workers-tackling-coronavirus-a4424536.html

Myself i bought vaulted untill supplies are flowing again.  At that time i will make a decision what to do. 

[Tattoedamat]

I ordered when the royal mint site went back up. Just got email from DHL saying will deliver Monday 😀😀😀

[Stuntman]

I'm still waiting for my replacement Platinum Dragon coin that I returned to them on 2nd April 😬

I have chased them several times and I haven't had a reply to my last email TWO WEEKS AGO.

[Pete]

9 hours ago, zhoutonged said:

Are you still waiting?

Yes - no idea when I will receive my Pt coins.
 

[Tattoedamat]

On 15/05/2020 at 08:40, Stuntman said:

I'm still waiting for my replacement Platinum Dragon coin that I returned to them on 2nd April 😬

I have chased them several times and I haven't had a reply to my last email TWO WEEKS AGO.

I've found they are replying fairly quick via their Facebook page might be worth a try

[Stuntman]

I called them on Thursday and got through after half an hour.  They agreed that my replacement order had been outstanding "for a very long time" and they promised to call me and email me once they had news of when it would be despatched.

They received my returned coin on 2 April and my replacement has not been despatched as of today, 25 May.

I will be happy when it does finally arrive but I am very unlikely to use them ever again.

[Stuntman]

The people who actually make the coin in question 😉

[Stuntman]

I've dealt with them at least 5 times before without any problems apart from their terrible web ordering process.  But this time has been somewhat unfortunate and frustrating.  I bought the coin (and a Platinum Unicorn at the same time) for a very decent price on the dip and just want my replacement order to be fulfilled.  it's been two months since I placed my original order.

 

I am unlikely to buy much, if any, more physical platinum and there are usually good alternative suppliers for any future gold and silver purchases I make.  Royal Mint will only receive my business if they are either the only possible UK supplier of something I want, or if they are significantly cheaper than anyone else.

 

[Stuntman]

The coin was jammed in its capsule and resisted any careful attempts to remove it from the capsule, short of cracking the capsule and risking damage to the coin.  The capsule was too small for the coin.  I asked the RM for advice and they advised that I return the coin to them, which I did using Special Delivery.  I sent it on 1 April and they signed for it on 2 April.  They accept all this, and have refunded the cost of Special Delivery - but as yet, no replacement coin.

[Tattoedamat]

Yes I got mine with too small cap. In fact last 3 coins from them all been in different sized ones and none the one they supposed be in

[Stuntman]

@Tattoedamat have you managed to get your coins out of the capsules that are too small, or are you just leaving them in these capsules for the foreseeable future?
At least you still have the physical Pt... 😉

[Tattoedamat]

Managed to very carefully tap it out but yet typical mint right samples and I now need to get a load of the correct size capsules

[vand]

Pd has been getting absolutely creamed lately, and It’s looking very much like the pt:pd ratio has bottomed and Pt will be the metal to be in for the foreseeable.

[TheApe]

On 29/05/2020 at 16:45, Golddigger69 said:

Should a second crash come now, i will stock up more on it.

Its a funny thing psychology.

Bookmark this comment as if the second crash comes you will be questioning whether its a good time to buy as there could be more downside.

[vand]

It's far from too late to get into Platinum. Taken on a long term view the Gold/Platinum ratio is still well over 3 standard deviations from its long term mean. I am 99.6% sure that at some point over the next 5-10 years we'll look back at today's platinum prices and recognise that it was a "generational bargain", and it will have been obvious in hindsight.

Platinum is the only metal I'm currently still accumulating.

[Stuntman]

@vand are you accumulating physical, or using ETFs or similar?

I've added to my ETF holdings 3 times in June and July, including last weekend.

[vand]

6 minutes ago, Stuntman said:

@vand are you accumulating physical, or using ETFs or similar?

I've added to my ETF holdings 3 times in June and July, including last weekend.

I've been ETF only for the last 6 months, and tbh very happy with this strategy. I'll probably buy some more physical at some point but I don't consider it a priority at the moment.

[Jcollet]

I bought 2 oz's today

[vand]

With the strong rise in silver, the platinum:silver ratio has now fallen to 39.4, basically making it as good a buy today as it was on May 1st 2011:

https://www.bullionbypost.co.uk/price-ratio/platinum/silver/20year//

 

[DarkChameleon]

4 hours ago, vand said:

With the strong rise in silver, the platinum:silver ratio has now fallen to 39.4, basically making it as good a buy today as it was on May 1st 2011:

https://www.bullionbypost.co.uk/price-ratio/platinum/silver/20year//

 

But they all love gold..wierd to think not too long back gold was platinums poor cousin.

[Metalisreal]

With gold being at an all-time high today, platinum is a good buy right now and that's going up, too. Yes premiums are ridiculous especially from fractionals but it's still cheaper than gold. 

[Pete]

Does anyone know why the price of Platinum crashed in March 2020 for only a couple of days before bouncing back ?
Seems an unnatural dip and could it happen again ?
 

[Tritoon01]

was all financial markets related....stocks and indexes were tumbling and all PMs dropped like a rock 🙂