3 oz gold -or- 5 oz platinum

OverdateOverdate Posts: 6,336 ✭✭✭✭

Which do you think will be worth more in 5 years, 3 ounces of gold or 5 ounces of platinum?

Based on current economic conditions and declining use of platinum, I would choose the gold.

My Adolph A. Weinman signature :)

Comments

  • KkathylKkathyl Posts: 3,091 ✭✭✭✭✭

    Gold. Unless we have spaceships

  • Jinx86Jinx86 Posts: 3,238 ✭✭✭✭✭

    I have quite a few customers trading off gold to platinum at the moment.

    Id go 2 gold 2 plat.

  • Downtown1974Downtown1974 Posts: 4,521 ✭✭✭✭✭

    Gold for me.

  • jmski52jmski52 Posts: 19,642 ✭✭✭✭✭
    edited January 30, 2019 7:50PM

    At current pricing and based upon historical ratios between the two (platinum is traditionally higher than gold), I'd buck the current trend and say that 5 oz. of platinum will do better than 3 oz of gold, possibly a lot better. All platinum has to do is to fight it's way back to 2/3 of being on par with gold - which doesn't seem like much of a stretch.

    However, I also think that gold will do well 5 years out - and most likely much sooner than in 5 years.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Timbuk3Timbuk3 Posts: 10,590 ✭✭✭✭✭

    Gold !!! :)

    Timbuk3
  • MsMorrisineMsMorrisine Posts: 23,044 ✭✭✭✭✭

    platinum

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 23,044 ✭✭✭✭✭

    @Jinx86 said:
    I have quite a few customers trading off gold to platinum at the moment.

    Id go 2 gold 2 plat.

    but that platinum spread. even if it isn't rhodium's it still hurts

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Jinx86Jinx86 Posts: 3,238 ✭✭✭✭✭

    @MsMorrisine said:

    @Jinx86 said:
    I have quite a few customers trading off gold to platinum at the moment.

    Id go 2 gold 2 plat.

    but that platinum spread. even if it isn't rhodium's it still hurts

    We ran a promo at the coin show over the weekend and had to make a run back to shop for another 20 because we had sold out. PT is hot.

  • OverdateOverdate Posts: 6,336 ✭✭✭✭

    @MsMorrisine said:

    @Jinx86 said:
    I have quite a few customers trading off gold to platinum at the moment.

    Id go 2 gold 2 plat.

    but that platinum spread. even if it isn't rhodium's it still hurts

    If I were buying platinum, I would do it through an exchange traded fund to avoid the wide spread.

    My Adolph A. Weinman signature :)

  • TwoSides2aCoinTwoSides2aCoin Posts: 40,604 ✭✭✭✭✭

    I'll take both if that's okay. Divestiture is fun, like coins.

  • PerryHallPerryHall Posts: 36,771 ✭✭✭✭✭

    @TwoSides2aCoin said:
    I'll take both if that's okay. Divestiture is fun, like coins.

    Did you mean diversification?

  • johnny9434johnny9434 Posts: 19,571 ✭✭✭✭✭

    both. it wont hurt anything and if we do go to space ships its all cool

  • ashelandasheland Posts: 13,671 ✭✭✭✭✭
    edited January 31, 2019 9:44AM

    Usually I'd say gold, but 5oz vs 3 in gold, I'd do the platinum this time...

  • TwoSides2aCoinTwoSides2aCoin Posts: 40,604 ✭✭✭✭✭
    edited January 31, 2019 10:16AM

    @PerryHall said:

    @TwoSides2aCoin said:
    I'll take both if that's okay. Divestiture is fun, like coins.

    Did you mean diversification?

    I mean "selling off some ____, to buy other ____. "

  • 1630Boston1630Boston Posts: 5,841 ✭✭✭✭✭

    Gold :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978

    Bad transactions with : nobody to date

  • StuartStuart Posts: 9,692 ✭✭✭✭✭

    5 Ounces of Platinum.👍😁


    Stuart

    Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

    "Luck is what happens when Preparation meets Opportunity"
  • mkman123mkman123 Posts: 6,713 ✭✭✭✭

    Most of the people in Asia go with gold such as india, china, thailand, vietnam, etc so I'll stick with gold!

    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • OverdateOverdate Posts: 6,336 ✭✭✭✭
    edited February 11, 2019 7:38PM

    Gold $1308
    Platinum $786

    Difference $522

    This is unprecedented, at least in modern times. You would think that platinum would retain some value as a PM even if all the industrial uses disappear. How low can it go?

    My Adolph A. Weinman signature :)

  • BochimanBochiman Posts: 24,687 ✭✭✭✭✭

    Well, a lot can happen in 5 years. Exploration, technological uses, political issues/policies, etc.

    That said, if you have the crystal ball out, can you also let me know if either one will be MORE than the purchase price of today? (Ie.....will I lose not only the opportunity of the cash I would spend for them but also lose out on the actual purchase price?) To me, the latter is pretty relevant as well.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • bronco2078bronco2078 Posts: 7,282 ✭✭✭✭✭

    If you are dying to buy platinum buy it in the forum yearly investment contest, that way you won't have to deal with finding a buyer for it.

    Another example of when stacking should be relatively simple stackers contort themselves into buying the thing no one wants or has has ever wanted for reasons unknown.

    @Jinx86 said:
    I have quite a few customers finally bailing us out of this wretched platinum that is making everyone at the shop violently ill whenever we look at it

    :D

  • jmski52jmski52 Posts: 19,642 ✭✭✭✭✭

    2019-W Proof Plat in PR-70 FS a mere $1,725 at MCM. Don't everyone get in all at once.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bronco2078bronco2078 Posts: 7,282 ✭✭✭✭✭

    @jmski52 said:
    2019-W Proof Plat in PR-70 FS a mere $1,725 at MCM. Don't everyone get in all at once.

    we won't , we know better than to buy from MCM , you need to abandon your email address after ever purchase

  • I’ve thought about this as well but for some reason I can’t bring my self to trade gold for platinum. I’ve even thought about actually trading some of my High End Numismatic Gold coins for platinum bullion but I don’t know

  • @mkman123 said:
    Most of the people in Asia go with gold such as india, china, thailand, vietnam, etc so I'll stick with gold!

    That’s a Great Poi t!

  • ashelandasheland Posts: 13,671 ✭✭✭✭✭

    @bronco2078 said:

    @jmski52 said:
    2019-W Proof Plat in PR-70 FS a mere $1,725 at MCM. Don't everyone get in all at once.

    we won't , we know better than to buy from MCM , you need to abandon your email address after ever purchase

    I agree, it's ridiculous how much spam those places send out. :#

  • rickoricko Posts: 67,882 ✭✭✭✭✭

    I will stick with gold.... it is the most trusted metal and always liquid...Cheers, RickO

  • bronco2078bronco2078 Posts: 7,282 ✭✭✭✭✭

    @asheland said:

    @bronco2078 said:

    @jmski52 said:
    2019-W Proof Plat in PR-70 FS a mere $1,725 at MCM. Don't everyone get in all at once.

    we won't , we know better than to buy from MCM , you need to abandon your email address after ever purchase

    I agree, it's ridiculous how much spam those places send out. :#

    I wouldn't even mind if it was emails about stuff I'd buy.But I don't need first strike darth vader reverse proofs from Niue. Its all high margin crap 80 bucks for an ounce of silver

Sign In or Register to comment.