Platinum - Coin Community Forum

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Author	Replies: 8 / Views: 1,447
CoinHawkeye Valued Member United States 367 Posts	Posted 08/17/2012 3:20 pm I always follow gold and silver prices, but every once in while I check out some of the other metals. I noticed platinum has went up around $100 in the last 4 days. Is there anyone that collects platinum or someone that can give me some insight on the current rise? Thanks Report this Post to the Staff

IndianGoldEagle Bedrock of the Community United States 36770 Posts	Posted 08/17/2012 3:23 pm Platinum is tied too close to the economy because of industrial use. I am avoiding it until I see a "real" economic recovery world wide. Gold is the play for now. Report this Post to the Staff
silverng2009 New Member United States 48 Posts	Posted 08/17/2012 3:56 pm There was a massacre in one of the mines, lots of dead and it was closed. Investors worry... therefore... prices shoot up. http://www.reuters.com/article/2012...501B20120817 Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/17/2012 4:13 pm Yes, Pt has had a real surge in the past couple of days. I was wondering what the driving force of that might be. I hadn't read of any strong industrial demand being reported lately. I don't have any physical Pt but I do own some shares in the PPLT ETF. It's making a very nice move now as well. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 08/17/2012 7:16 pm IMHO Pt is a better long term (decades) buy than Au. It has a very long history of being priced above gold, sometimes by a considerable margin. If you do not have any, a buy in the 1/4 to 1 ounce range is worth consideration, just to diversify your overall bullion investment. Report this Post to the Staff
DavidUK Pillar of the Community United Kingdom 2624 Posts	Posted 08/17/2012 8:19 pm I saw footage of the police machine gunning down all the miners on the news... quite shocking to say the least. I have another question regarding platinum... it is quite a dull metal really and certainly in the jewellery trade most platinum items are rhodium plated to give them a strong shine. Is that the case with coins? I know more recently they have been impregnating the platinum mix with rhodium so as to avoid the need for plating...again is the the case for coins too? Report this Post to the Staff
samsnate Pillar of the Community Canada 1723 Posts	Posted 08/18/2012 12:18 am Good questions, I've been curious about pt as well. Imho, its during times like these when you want to get some. Wish I knew where to get half oz, maple preferably, if it exists. But like previously stated, its something to hold onto for better times to see a price appreciation back up to those $2200/oz levels. Buying now with potential 30+% return per oz is definitely a nice thought. Edited by samsnate 08/18/2012 12:23 am Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/18/2012 5:44 pm @Sam... you should be able to find 1/2 oz. Pt Maples at both Provident Metals and at APMEX. Both sell them but they are sometimes out of stock. They almost always have the 1-oz. Maples, though. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 08/22/2012 6:53 pm David, I've not heard of any rhodium plated platinum coins. That seems to be a strictly jewellery-world practice to increase durability and finish. As you may know, it's used to plate master models - again, for durability. Edited by Libertad 08/22/2012 8:07 pm Report this Post to the Staff
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