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 Replies: 16 / Views: 2,458 |
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Pillar of the Community
United States
1151 Posts |
Ok speculators, with only a $40 an ounce difference between these two metals right now, which would you buy? Which one will increase in value the soonest and with a higher price?
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Pillar of the Community
United States
5318 Posts |
Speaking with a dealer on this a few days ago, I've heard it's near impossible to get physical Pt now at spot price.  I just noticed a broker selling Pt Maple Leafs for $807. That's not bad--if they're actually available. |
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Pillar of the Community
United States
1415 Posts |
Operative word Quote:
speculators  |
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Pillar of the Community
United States
2540 Posts |
go for the Pt.
Much better buy, and at least there is a ligit use for it.
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Valued Member
United States
300 Posts |
Well, I'd go with the GOLD!!
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Pillar of the Community
United States
2269 Posts |
I would normally go for the Platinum, but under the current financial situation we are facing, it might be a wise decision to stick with gold. There is much more gold in this world than platinum and in a healthy market where people are buying cars, Platinum is a much more valuable metal because of its use in catalytic converters, but since the auto industry is hurting, platinum isn't as highly prized.
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Pillar of the Community
United States
812 Posts |
I'd guess that gold will go up sooner but platinum will (eventually) go up higher.
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Pillar of the Community
United States
3098 Posts |
If you want to buy, buy Pt, but don't expect it to go up a lot within the few years because it's an industrial metal. Once the economy goes back on track, it will be about 2000 again.
As for gold, it's mainly used, or considered to be, a value storage.
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Pillar of the Community
Canada
598 Posts |
If investing for hard times, gold has been a form of currency for thousands of years. Stick with gold. And when you retrieve the sack of rice, crop seeds, ammunition(lead & brass investment) and water filtration straws from your underground shelter, you can go into town with your gold coins and buy supplies. The cashier will take gold and silver. Especially coins that have the purity and weight marked rite on them. If your a buy and dump speculator,platinum seems a good buy rite now. But as mentioned earlier, it may be a while before you see some significant gains. All precious metals seem to be in short supply rite now(that is from the typical major marketers). The physical stuff is commanding the highest premium I've ever seen over paper. I'm not Mr. Gloomanddoom, but the vast amount of gold being hoarded by individuals as worst case scenario investments has got the demand side pulling up the supply premium...I would not say this for platinum...today anyway. |
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Bedrock of the Community
United States
20753 Posts |
I would have said go with the Pt since there are so many razor blades being used. Then today I was in an auto parts store and noticed on the wall they had Gold Plated Battery Terminal Lugs. With this in mine, I'd go with the Platinum. As long as there are batteries in cars, there may well be a massive use for Platinum.  |
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Valued Member
United States
115 Posts |
I don't feel there is an advantage to buying one over the other. If you can, buy some of each. Buy some silver while you're at it too. I think at spot right now the market is where it should be. This is all just my opinion of course. Kitco.com is a great site to visit to learn more.
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Rest in Peace
United States
9104 Posts |
If pt is lower than Au, buy 100 ounces and sell 100 oz of gold. Reverse when they change.
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Pillar of the Community
Australia
3831 Posts |
It depends - about 50% of platinum goes straight to automobile catalysts because this is mandated by various government worldwide. If this wasn't enacted back in the 70s, this is no way platinum would have been this high for ages no matter how rare it is; supposedly 6 times rarer than gold.
Supposedly if there is a key technology that reduces or completely avoids the usage of platinum in automobile - you are going to hold onto a really cheap metal like aluminum back in the 1800s.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Moderator
 Australia
16808 Posts |
There are two unique features in the platinum market that make predicting it's future movements tricky.
Most of the world's major platinum mines are in regions which are, historically, politically unstable: Besides some small operations in the US, Canada and Zimbabwe, most of the world's platinum comes from Russia and South Africa.
When political or industrial turmoil stops production in either of these places, the price goes up, even if demand stays constant. Because supplies are so limited, there is basically no world "stockpile" to act as a price buffer - certainly not to the same extent as gold. Except for the small amounts sold as coins and jewellery, the stuff is used by industry almost as soon as it's mined.
The other thing about platinum is that you don't have to rely solely on mining production as a source - platinum is virtually 100% recyclable. So the millions of cars on the roads of the Western economies are the world's platinum stockpile. If something happens to reduce the total number of cars on the road (like, say, a major economic collapse, or everyone suddenly becomes an enviromaniac and decides to walk to work instead) then a flood of platinum will be removed from the "car stockpile" and dumped onto the market.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
3831 Posts |
Well said Sap. That's the kind of stuff people SHOULD be talking about, weighing in potential upwards / downwards movement of both supply and demand, not just random gambling speculation. Might as well take your bets to a casino table.
South Africa supplies nearly 80% of the world's platinum, with Russia supplying about 15% and the rest supplied by Canada, US and Zimbabwe.
However, there is an extremely large amount reserves found in Zimbabwe, with the potential of increasing the current world platinum supply by up to 15%. But with the current government, that's not going to happen any time soon.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Moderator
United States
23481 Posts |
Much of the gold mined for coins now comes from Australia.
I have been searching for the article I recently saw with out luck, but I believe th US Mint is now purchasing gold from Australia for its coins
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Replies: 16 / Views: 2,458 |
Posted 11/20/2008 12:50 pm
