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 Replies: 14 / Views: 1,272 |
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Pillar of the Community
United States
931 Posts |
From what I understand platinum is harder to come by then gold. At a little more than $100 more than gold would it be a good time to pick up a little of the white metal? I know Japan is putting out fewer cars than it was before the tsunami, so could this hold it back?
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Pillar of the Community
United States
4989 Posts |
Very possible platinum is much rarer than Gold (10x?) and has far more industrial use
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Pillar of the Community
United States
667 Posts |
I don't know much about Platinum other than my car has some in it and it is more rare than gold.
However what I like about gold is this from history.
When Spain set sail to the new world they valued gold. When they made contact with a new culture they too valued gold. So you have two cultures separated by an ocean that never had contact with each other. They had one big thing in common - GOLD.
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Pillar of the Community
United States
619 Posts |
Actually, the Spanish discovered platinum in the New World. Small amounts of it kept showing up in gold and silver deposits, and they nicknamed it "platina", or little silver.
Edited by CPC24
08/03/2011 4:39 pm
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Pillar of the Community
United States
667 Posts |
Interesting I learn a little today.
For the Spanish Conquistadors of the 16th century, platinum was a nuisance. While panning for gold in New Granada they were puzzled by some white metal nuggets which were mixed with the nuggets of gold and which were difficult to separate. The Spanish called this metal Platina, a diminutive of Plata, the Spanish word for silver. Some thought that the platinum was a sort of unripe gold, so that for many years it had no value except as a means of counterfeiting.
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Pillar of the Community
 United States
931 Posts |
Platina. I like learning about these substances. I do a little gold panning but I wouldn't have known if I found platinum. I would think that it was silver.
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Pillar of the Community
United States
3670 Posts |
Not overlooked by me, I just gotta focus on gold an silver. As I have a hard time focusing on one thing, and no way I can afford to buy gold and plat right now both....
There is evidence of things grown only in South America like coffee that has been found in Egyptians tombs. I am afraid this mind set of not knowing what was on the other side of the sea is just a myth, as not everyone knew and was doing it, but a select few had the sea knowledge and tech to make it happen, before the era of the great explorers like Cook an Columbus....
Simple reed boats with a two pronged balance float, has been proven by modern day tribes people, can be sailed from South America to Africa and back again, along the right current. The Vikings were over here before the great explorers....
People have always been REAL SMART, they just have not always had the tools an tech we have today which can easily get them from point A to B. I have no doubt, that travel between the two sides took place way before the death of Christ....
They found a mummy with many pearls buried, and everything around him pointed out that he was of high stature, and he dates back to around 25 thousand B.C.. Again, the ability to trick game, make fire and shelter, this is when we changed from primitive ape like creatures to man....
Edited by Silverhawk74
08/03/2011 7:49 pm
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Pillar of the Community
United States
931 Posts |
I've been looking for mummies in my yard too. So far I've scored a big zero. Gotta' keep looking. I'll keep you posted.
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Pillar of the Community
United States
3670 Posts |
He he he, keep lookin! More gold would be nice and a mummy may bring a hefty price tag in an ebay auction.... |
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Pillar of the Community
United States
4008 Posts |
Quote:
I do a little gold panning but I wouldn't have known if I found platinum. I would think that it was silver. Maybe that is why platinum doesn't get the respect it deserves? |
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Rest in Peace
United States
4849 Posts |
From what I've heard, platinum is approximately 15x rarer than gold. The market and demand is much smaller overall than gold, which is why they are so close in price. I don't have any in my portfolio, but you know Jr, I agree that it may be a great time to add some! hmmm
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Pillar of the Community
United States
1285 Posts |
If your time horizon is greater than 5 years Pt and Pd should out perform Au. I started buying Pt and Pd in 2008 / 09. May sell some here and there to buy coins I really really want else I am going to let it ride for about 10 or more years. Best to buy low mintage Coins / Pamp / Credit Suisse 1 oz bars. Pt and Pd are not overlooked...just misunderstood.   |
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Pillar of the Community
United States
931 Posts |
Misunderstood is right. I learned more about platinum in this topic than I ever knew. Kind of like the other day I learned that most white gold jewelry is plated with palladium. If the piece is worn every day you probably need to get it replated every few years.
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Pillar of the Community
United States
4008 Posts |
Both Pt and Pd are used in industry, primarily as catalysts for various chemical reactions. They do this in auto catalytic converters as well. A bet on Pd should be made with the idea that it is also a bet on auto sales and the chemical industry. Pt is used in jewelry too so maybe that protects its price from some of the ups and downs of its industrial uses.
Price-wise, Pd is starting to look attractive. If it nears $700 per oz., I will definitely have to buy some.
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Rest in Peace
United States
9104 Posts |
Pd tends to be used in cadillacic reverters, but for diesel engines, popular everywhere but the US.
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Replies: 14 / Views: 1,272 |
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Posted 08/03/2011 4:05 pm
