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Platinum Again Placing Second To Gold

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Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/23/2012  7:36 pm Show Profile   Bookmark this topic Add biggfredd to your friends list Get a Link to this Message Number of Subscribers

Gold $1661.82
Platinum $1622.00

By a $40 margin.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 03/23/2012  8:04 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Funny how those lines are crossing often these days....
Valued Member
Canada
178 Posts
 Posted 03/23/2012  9:39 pm  Show Profile   Bookmark this reply Add ztt2 to your friends list Get a Link to this Reply
From my limited experience though I've seen that platinum coins have a larger premium. Is that just me looking in the wrong places or are they actually much harder to find/rarer?
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sel_69l's Avatar
Australia
21788 Posts
 Posted 03/23/2012  9:40 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Sign of the times. People want gold when there is a risk of fiat money losing value.

I still think that platinum will get back to a usual price range above gold.
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traevin's Avatar
United States
1454 Posts
 Posted 03/24/2012  12:11 am  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
Coming from a person who mainly collects silver and knows its value fairly well, I could use some advice re: platinum. Platinum nearly crested $2300 before the 2008 collapse, making it twice the value of gold at that point in time. My question is, what is the typical platinum to gold ratio and how soon do people see it returning to the norm? I ask this because I'm contemplating making a 1oz. or more coin purchase of platinum as an investment to sell when things normalize.
Edited by traevin
03/24/2012 04:56 am
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 03/24/2012  01:10 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I have never gotten into buying platinum, simply as it is just to high in price like gold. Even when Platinum dips, people who sell it don't adjust their prices down very fast at all, if at all....

Now your plan can bypass that issue, by going 1 oz., something I rarely if ever could afford to do. Another-words where I would have to go 1/10th oz. to keep pace, I would end up paying a ridiculous amount of premium....

Provident often has the Platypus 1 oz. listed real close to spot, even though right here it is a 100 dollar spread from spot, lol. Not exactly a eye gauging bargain in my eyes....

http://www.providentmetals.com/2012...um-coin.html
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biggfredd's Avatar
United States
9104 Posts
 Posted 03/24/2012  03:17 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, ztt2!

Quote:
From my limited experience though I've seen that platinum coins have a larger premium. Is that just me looking in the wrong places or are they actually much harder to find/rarer?


Demand for platinum is less, so higher markups are needed to justify having them in stock.
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biggfredd's Avatar
United States
9104 Posts
 Posted 03/24/2012  03:33 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
traevin-

I saw a chart of gold as a % of plat, I'll post if I can find it again. plat got as high as 250% of gold a couple times, but rarely was worth less than gold.
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