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 Replies: 18 / Views: 5,749 |
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Pillar of the Community
 United States
6394 Posts |
Quote:
Any reason not to choose the U.S. version? My local shop almost never has platinum but this time they had these two pieces. This shop has been good to local collectors and the price was competitive so I was happy to give them the business. I wanted to get over the $1500 CA sales tax exemption so I bought both. Also, I already have a platinum eagle. Variety is good! |
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Valued Member
Canada
201 Posts |
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Bedrock of the Community
United States
36844 Posts |
That Swiss piece is a great looking design.
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Bedrock of the Community
Australia
21788 Posts |
I think it is correct intuition to buy some Pt bullion right now, due to it's low price, relative to the gold price. Some commentators put the current high gold price down to World economic uncertainties. That will change for the better in a couple of years.
Since I bought my one ounce Pt bullion Koala in 1998, the value has compounded at an average of 4.4% per year over 21 years in Australian Dollar terms.
Inflation over the same 21 year period has averaged 3.5 %.
That is a profit of 0.9% in nett real terms per year, for the 21 year period.
In 1998, the gold and the Pt prices were nearly the same.
The stock market although far more volatile, has done much better that this.
My self managed superannuation fund, despite paying taxes along the way, has also far out performed the growth in the Pt bullion price.
Nevertheless, it is still prudent to invest about 5% of your total investment portfolio in (bullion numismatic items, artworks, etc.), whatever takes your fancy, and you understand investment principles of these items.
If you don't, then it's really just a lottery.
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Pillar of the Community
United States
4333 Posts |
Four and a half percent is not shabby!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
United States
36844 Posts |
Gold is money, platinum is not.
sel_69l, what has the appreciation been for gold since 1998, I'll bet far better than Pt.
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Pillar of the Community
United States
4333 Posts |
Gold used to be money.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
493 Posts |
Platinum sounds like a great hedge against your other coveted metals, and good diversity for your PM investment. Buy what's cheap now, just don't go all in on any one thing and spread risk, sleeping good at night is a beautiful thing.
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Bedrock of the Community
Australia
21788 Posts |
Since 1998, gold has performed better than Pt, but that only is in consideration of their current relative prices.
Personally, that matters to me very little, because my numismatic gold coin holding of around 40 coins, is much greater than my bullion Pt holding, which consists of one coin only.
Nevertheless, Pt has it's place in numismatic history via the Russaian 3, 6, and 12 Roubles of the 1830's and 1840's.
That is one of the reasons why I bought a one ounce Pt bullion coin. The Russian coins are as near as next to being unobtainable.
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Pillar of the Community
Canada
1051 Posts |
Platinum is platinum. More precious and more scarce than gold. I have no problem justifying buying it when it lags so far behind gold in dollar value. Tuck it away somewhere, and at some point in the future you'll be glad you did. Palladium has been the real PM star of the last 10 years or so.
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Valued Member
United States
379 Posts |
IMO, there is no doubt that platinum is way undervalued at this point. As you already know, except in the recent past, platinum for many years was hundreds more per oz. than gold. It seems to be at an almost giveaway price now.
So, personally, I have been buying it whenever possible. to quote the classic quotes, platinum was at around $1,900 at its highest years ago. Knocking off a thousand bucks currently, platinum seems almost like a steal at today's prices. Then again, I never had the foresight to imagine that palladium would take such a huge jump in recent years.
mike
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Pillar of the Community
Canada
3692 Posts |
Aluminum used to cost more than gold in the medieval ages. Back then it was newly discovered and rare. One day we'll get slapped by a nice space-rock full of precious goodies.
Platinum in the jewelry industry commands a heavy premium because the tooling involved is specialized and costlier and must be kept separate from other tools. Platinum is at a "discount" right now but the labor that goes into it is the most expensive part. The cost of tools never go down, always up, and the quality suffers as well, like trimming the product count or volume. Premium tools have nearly doubled in price in 5 years. Part of the reason for this is that most of the good tools are made in the USA, and right now the US dollar is strong compared to the Canadian dollar. Precious metals are priced in US dollars. I'd say that if you live in the USA, in a state with no bullion taxes, and you fare well for yourself and kin, that you can afford to hold a single 1 ounce bar and be very comfortable that it's not a very volatile metal.
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Moderator
 United States
189340 Posts |
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One day we'll get slapped by a nice space-rock full of precious goodies.   |
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New Member
37 Posts |
Wow love especially the1/10 Platinum Eagles, always on the hunt for those puppies
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Bedrock of the Community
Australia
21788 Posts |
Just bought 6 x 1-ounce Platinum Maple Leaves. Cost about U.S.$6,500. Current buy/sell spread 8%, quite a bit more than gold. I just love that tiny laser etched maple leaf security device.  But I bought them for the same reason that Jaobler did. My first Pt buy was a 1-ounce Koala bought waaay back in 1996. I still have it. Clean sailed straight through the 2008 GFC with it !  |
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Posted 08/14/2019 1:54 pm
