Bought Some More Platinum Since Price Remains Low

There was a time when Pt had a higher price than any other precious noble metal.

I bought a 1 ounce reverse proof Pt Koala for US $375, in 1998. Still have it.
It is the only purely bullion coin in my collection.

The main reason I bought it, is that Pt was only precious coinage metal, that was not represented in my collection.
The Russian 3, 6 and 12 Roubles have always been too pricey for me to acquire.

Any reason not to choose the U.S. version?

Gorgeous Canadian ML!!

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.

Gold is money, platinum is not.
sel_69l, what has the appreciation been for gold since 1998, I'll bet far better than Pt.

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.

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.

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.