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 Replies: 82 / Views: 5,972 |
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Valued Member
United States
237 Posts |
The 2 negatives I see are: this rate pf ascent looks unsustainable and there is now common talk in MSM of higher prices, i.e. high threes.  |
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Moderator
 United States
162946 Posts |
Quote:
The 2 negatives I see are: this rate pf ascent looks unsustainable and there is now common talk in MSM of higher prices, i.e. high threes. 
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Pillar of the Community
United States
5272 Posts |
Man, gold just went above $3300! Who would have guessed? Now the only question is whether this is merely a bubble or whether it's going to keep climbing to $3500, then $4000, then...  |
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Moderator
United States
162946 Posts |
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Man, gold just went above $3300! Who would have guessed?  Quote:
Now the only question is whether this is merely a bubble or whether it's going to keep climbing to $3500, then $4000, then...
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Pillar of the Community
United States
5272 Posts |
Strangely enough, while Gold is at an all-time record high (by a large margin) and silver is doing pretty well (back over $33), platinum has actually recently fallen back below $1000. I'm guessing nobody really considers it investment-grade bullion anymore.
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Moderator
United States
162946 Posts |
I guess gold gets all the shine.  Maybe I should buy a platinum coin while I still can. Looks like I will never be able to get a gold one.  |
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Pillar of the Community
United States
5272 Posts |
And just because I know how much Jbuck loves charts... Five Year Gold:  Five Year Silver:  Five Year Platinum:  Both gold and silver are significantly higher from where they were five years ago, whereas platinum has gone down. |
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Moderator
United States
162946 Posts |
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And just because I know how much Jbuck loves charts...  Quote:
Both gold and silver are significantly higher from where they were five years ago, whereas platinum has gone down. I was tempted to buy some Platinum in early '21. That would have been a kick in the pants. 
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Pillar of the Community
United States
1095 Posts |
Throw a USD chart up and it will help explain the rocket fuel for gold currently.
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Pillar of the Community
United States
5272 Posts |
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Throw a USD chart up Your wish is my command! 
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Pillar of the Community
United States
5272 Posts |
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I was tempted to buy some Platinum in early '21. That would have been a kick in the pants. Indeed, it would be! I only own two platinum bullion coins. At the time, they cost more than gold and I couldn't justify the cost of buying any more. I figured it would be nice to just have a few in my portfolio, but now I'm really glad I didn't buy more.
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Moderator
United States
162946 Posts |
Not what I was expecting. |
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Pillar of the Community
United States
5272 Posts |
Yeah, I just checked and I bought my two platinum coins back in 2011 and 2012 when platinum was in the $1600-1800 range. Ouch.
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Pillar of the Community
United States
5272 Posts |
Oh, and it gets worse. The 2012 coin was actually a proof platinum Eagle that I got directly from the mint (with a hefty premium) for $1,796.95. These are now selling on ebay with an asking price of $1500, so it didn't even keep its collector's value. |
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Moderator
United States
162946 Posts |
Oh my! |
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Replies: 82 / Views: 5,972 |
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Posted 04/15/2025 10:59 am
