Platinum Question? - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 4 / Views: 1,244
traevin Pillar of the Community United States 1454 Posts	Posted 03/25/2012 1:06 pm Platinum nearly crested $2300 before the 2008 collapse, making it more than twice the value of gold at the time. But is the platinum to gold ratio likely to deviate that much in the near future? I ask this because I'm contemplating cashing in some silver and purchasing a little platinum as an investment to sell if/when the metal rebounds. Is there reason to believe the 2008 highs were atypical or fluky in some way, making it unlikely that the metal will reach those heights or achieve a similar ratio discrepancy w/gold again? FWIU, platinum used to be the primary metal in catalytic converters; but other less expensive metals like rhodium and palladium are now being used with greater frequency. Perhaps its decline as an industrial metal, assuming there's been one, is partially a factor in the drop compared to other PMs, which have all risen precipitously since the 2008 collapse? Chart from Seeking Alpha site Report this Post to the Staff

throwbackid Pillar of the Community 1283 Posts	Posted 03/25/2012 1:40 pm Though Platinum is relatively low GL getting some anywhere near spot, esp american platinum. No one is selling there platinum now at least not for a reason price in relation to spot. I have a couple oz that I am contemplating selling and putting the moony into low premium name brand silver bars, or ASE. Well written, liked the chart gives me something to think about. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 03/26/2012 8:02 pm I have a small investment in the PPLT physical platinum ETF that is doing reasonably well for now. While this is not metal in hand, it does seem to be a decent substitute that tracks the price of platinum pretty well. I would not want to own a lot of this but a small position seems OK and certainly no worse than any other paper investment. The premiums charged on platinum coins and bars have been pretty high lately and have caused me not to buy any of them, even though I would like to have some 1/4 or 1/2 oz. platinum coins. Historically, when the price of platinum falls below that of gold, there is about a 60% rise in the price of platinum over the 2-3 years following that price inversion. While this is not guaranteed, it does seem to occur with some frequency. Because of this, buying a little platinum these days seems a pretty decent idea even if the premiums are pretty high. Report this Post to the Staff
traevin Pillar of the Community United States 1454 Posts	Posted 03/26/2012 10:39 pm Thanks, Ed. Maybe on the next big platinum pullback, I'll dip my feet in the water, check the temp, and give you a report of my findings, then! Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 03/27/2012 6:16 pm No problem, Traevin. Sounds good on the report. More info is almost always a good thing... and who knows, I might just dip a toe in that water myself. Report this Post to the Staff
	Replies: 4 / Views: 1,244

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.27 seconds to rattle this change.