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Platinum Today

MsMorrisineMsMorrisine Posts: 33,092 ✭✭✭✭✭
in Precious Metals

in less than 2 months it's lost over $100, and is back in the $800-ish area

Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Comments

  • ashelandasheland Posts: 23,190 ✭✭✭✭✭

    Everything seems weak lately. Silver can't even hold $15 lately. Good time to buy a little... >:)

    My YouTube Channel

  • LukeMarshallLukeMarshall Posts: 1,983 ✭✭✭✭✭

    PT dipping under $800 buck currently...

    It's all about what the people want...

  • coinpalicecoinpalice Posts: 2,453 ✭✭✭✭✭

    meanwhile gold is up 10 dollars :p

  • jmski52jmski52 Posts: 22,864 ✭✭✭✭✭

    There are those in the Coin Forum who think the internal combustion engine will soon be toast...…...really?

    @291fifth said:
    As more and more cars go electric look for platinum prices to continue downward. The NCLT platinum coins are just pretty pieces of bullion with a thin collector base so don't expect "numismatic premium" to be of much help for owners of the NCLT platinum coins.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 22,864 ✭✭✭✭✭

    It's quite possible that a bunch of assets are going to experience a price correction. Que' sera, sera.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    While I am aware that platinum is used in the catalytic converters, I did not think a projected demise in internal combustion engines would be significant enough to affect the PM market.... Cheers, RickO

  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭

    The gold-platinum spread just passed $500 - again!
    Gold $1292.
    Platinum $790.
    Even if platinum fades as an industrial metal, it should still maintain some value as a PM.

    My Adolph A. Weinman signature :)

  • MsMorrisineMsMorrisine Posts: 33,092 ✭✭✭✭✭

    I wish the bid-ask spread wasn't $50...

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 33,092 ✭✭✭✭✭

    I wish the bid-ask spread wasn't $50...

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭

    @Overdate said:
    The gold-platinum spread just passed $500 - again!
    Gold $1292.
    Platinum $790.
    Even if platinum fades as an industrial metal, it should still maintain some value as a PM.

    Why?

    The only true precious metals are the rare earth elements...

    keceph `anah
  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭

    @MsMorrisine said:
    I wish the bid-ask spread wasn't $50...

    Platinum ETFs likely have a closer spread.

    My Adolph A. Weinman signature :)

  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭

    @rawteam1 said:

    @Overdate said:
    The gold-platinum spread just passed $500 - again!
    Gold $1292.
    Platinum $790.
    Even if platinum fades as an industrial metal, it should still maintain some value as a PM.

    Why?

    The only true precious metals are the rare earth elements...

    Part of platinum's value as a precious metal derives from non-industrial uses such as jewelry and investment demand.
    https://platinuminvestment.com/supply-and-demand/platinum-quarterly

    My Adolph A. Weinman signature :)

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭

    So... part of platinum value is hype? Interesting...

    keceph `anah
  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭

    @rawteam1 said:
    So... part of platinum value is hype? Interesting...

    I don't see the hype. Jewelry and investment demand has been around for decades, and platinum doesn't get anywhere near the publicity that gold and silver does.

    My Adolph A. Weinman signature :)

  • ashelandasheland Posts: 23,190 ✭✭✭✭✭

    Platinum is used in a lot of other non automotive industries.

    My YouTube Channel

  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭

    While platinum is stuck at $790, gold is on a tear at $1305, just passed palladium ($1304).

    My Adolph A. Weinman signature :)

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