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UPDATE: Platinum is now $802 less expensive than gold!
Overdate
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Is platinum still considered a precious metal? Its main uses are industrial, but it's also used for jewelry and bullion coins.
Why is platinum going down while gold is ramping up? It's also being outperformed by silver, another industrial/precious metal, and palladium left it in the dust quite some time ago.
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of course it's still a precious metal... prices move... supply and demand!!!
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
platinum is going lower.
why lower? and by how much? what is surprising is that spot price of 1oz Pt + 1oz Au < 1oz Pd. I don't think that has ever been the case before. something has to give wrt catalyst use and the price disparity at some point. surprisingly, Pd and Rh are going up in price as if they are the main ingredients in the latest vaccine.
gold 1646.70
platinum 927
Palladium is just starting to spike up....$2640....Cheers, RickO
Sad, but funny in a way.....
Someone who used to work where I did got spooked by the market drop, sold stock for less than he could have just a day prior (like $8/share worth) and bought platinum. The following day, saw platinum drop $240/oz from his buy price.
Dude just ain't having the luck
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
platinum isnt fit to line my trash cans with.
Garbage metal
Pretty soon we’ll start tracking the platinum to gold ratio.
I remember when most here, me included wanted to trade gold for platinum 1 to 1. Thank god I never found the trade.
That's trading metal for car mufflers for metal used as money .....everywhere.
Buy low, sell high. Isn't that how it goes?
I knew it would happen.
Gold $1668, platinum $866.
Ratio is now nearly 2 to 1.
Amazing!
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not here ,here is buy high pay to slab the dreck and then sell low
here is buy high pay to slab the dreck and then sell low
So it seems............at least for now.
Not to worry, my platinum investment skills are like the broken clock that's right, twice a day. Platinum's Day will come.;)
Oddly, even now, my overall position in platinum is positive. Unrealized, but positive.
I knew it would happen.
Platinum up $35 overnight. Gee - if that happens about 20 times in a row, we might have something to talk about.
I knew it would happen.
Several years ago I thought it would be a good idea to have a few oz of platinum in my collection. It is today worth less than half what I paid for it.
Yet somehow I feel like its got to go back up eventually.... like betting black on roullette when the last 10 rolls have all been red...
My Gold Type Set
Pt is the only PM out of 5 that I am not up on. But I have acquired more recently. Walked into coin store with 1oz Rh bar, 1 oz Pd maple leaf, walked out with 4 1oz Au eagles, 5 1oz Pt eagles and a little cash for the trade. .
I don't remember any day in recent history when palladium was down for the day while platinum was up, nicely. Interesting. There might be a reason?
But I digress. What did you get for the 1 oz. Rh bar?
I knew it would happen.
IIRC $9,200. A couple weeks ago, could have got $10,100 at same store at all time Rh high. Better price than i would be able to get on eBay with the selling fees, and not including S&H or possibly having to worry about being scammed.
And just after my response above, i see that Rh went absolutely nuts today. A Baird 1oz will fetch $10K once again.
The spread is now "only" $770. Man, I never thought I'd see this sort of thing. While I do understand the factors involved with the price of gold, the historical data and an eventual reversion to the mean tells me that platinum is a pretty good bet, going forward.
I can make the same observation regarding silver and the GSR.
With the markets being manipulated such as they are, it's all speculation anyway.
I knew it would happen.
After visit to shop, I just read that Amplats smelter exploded causing big supply interruption to Pt group metals, thus the Rh and Pt increases yesterday. Oh, well, traded off 1oz Rh and 1oz Pd for 4oz Au and 5.5oz Pt.
oh sure anything to talk yourself into buying garbage metals
. Fly up into the air in a helicopter and toss your money out the window if you hate having it laying around.
Be like Ben
If you're in a band and have a successful album, you go from gold to platinum. There's no such thing as a Palladium album or a Rhodium album!!
Actually there is!
https://www.ebay.com/itm/CARPENTERS-Live-At-The-Palladium-1984-UK-VINYL-LP-EXCELLENT-CONDITION-in-concert/362417709905?hash=item5461c76351
https://www.ebay.com/itm/RHODIUM-SCREAM-INTO-THE-VOID-Digipack/362933858339?hash=item54808b3023:g:uXwAAOSwxBNeX2qZ&LH_BIN=1
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That's because no one has sold enough albums. You can't go palladium until you sell 100 million copies or rhodium until 500 million. Maybe some day someone will.
party like it's at 1700 minutes after opening tonight
I calculate 809.50
~840