Platinum. Interesting find , big deposit of several metals

Jzyskowski1

Looky at are little guy. Over a thousand $ 😉 I posted further down towards the bottom of the list & no I really don’t know why😂

ricko

Looks as if we may be in for bit of a ride - UP!! Maybe... Cheers, RickO

Weiss

Still blows my mind that platinum is half the price of gold.

Jzyskowski1

Yes sir and just a short while back it was interesting to watch gold and palladium invert their prices. To see palladium at $3000, with gold at $2000 and with in 6 months gold at $1800 and palladium at $1750 Learning all the time.

Justacommeman

Platinum. The other white meat

m

jmski52

Still blows my mind that platinum is half the price of gold.

It's a good illustration of how important the auto industry demand is for the price of platinum. I think that the auto companies came to the conclusion that they could tolerate a higher price for palladium than being dependent on a questionable supply of platinum coming from South Africa and Russia.

Will things ever change? Of course, but we just don't know when.

Icollecteverything

Not sure how I made it thru the early 80's. In 1982 I was out of college and there were no jobs especially out in the country where I lived. I finally got a crappy job in NYC for the grand salary of $250 a week. Future wife and I both had student loans that were around 7-9% interest. Had a car loan that was 16.75%! It cost $25 a week to go across the bridge to get to work and I bet gas was higher then figuring for inflation. Add in car insurance and not much left for food! Before the future wife came down I lived in a flophouse that was $80 a week for a medium size closet with a bed. I used to walk around the hood at night cause there was nothing else to do but I noticed the cops were always in pairs. So one time I asked a cop if it was safe for me to be walking around alone and he hesitated to answer so I told him say no more.
Aaaah, those were the days!

blitzdude

@Icollecteverything said:
Not sure how I made it thru the early 80's. In 1982 I was out of college and there were no jobs especially out in the country where I lived. I finally got a crappy job in NYC for the grand salary of $250 a week. Future wife and I both had student loans that were around 7-9% interest. Had a car loan that was 16.75%! It cost $25 a week to go across the bridge to get to work and I bet gas was higher then figuring for inflation. Add in car insurance and not much left for food! Before the future wife came down I lived in a flophouse that was $80 a week for a medium size closet with a bed. I used to walk around the hood at night cause there was nothing else to do but I noticed the cops were always in pairs. So one time I asked a cop if it was safe for me to be walking around alone and he hesitated to answer so I told him say no more.
Aaaah, those were the days!

So, what exactly were you doing at night in the hood? Stealing catalytic converters for Pt? RGDS

RobM

I'm guessing @Icollecteverything was meaning to post in the "inflation is highest since 1981" thread. But I like any attention these unpopular PGM topics get.

blitzdude

@RobM said:
I'm guessing @Icollecteverything was meaning to post in the "inflation is highest since 1981" thread. But I like any attention these unpopular PGM topics get.

Crazy times. The whole worlds gone off it's rocker. LOL

TPGS

I'm bag holding 5 ounces of platinum American eagles.

cohodk

@TPGS said:
I'm bag holding 5 ounces of platinum American eagles.

I can free you of that burden.

metalmeister

Only have a few Pt ouncer's. Mainly as a curiosity. Main holding is in NILSY. World's largest Pt, PD and Ni producer.
GLTA

Icollecteverything

@RobM said:
I'm guessing @Icollecteverything was meaning to post in the "inflation is highest since 1981" thread. But I like any attention these unpopular PGM topics get.

That would be correct, I would like to plead temporary insanity due to a bad case of early cabin fever.

I can't add any wisdom to the platinum discussion, I think the only platinum I have is a sewing needle. I probably should have bought platinum in the 80's If I had any money. I also remember that palladium was like the unwanted stepchild of PM's I think it was around $40 back in those days.

Jzyskowski1

Figured I’d mug my own thread. This is something I saw today and thought it was cool . Our county has maybe the biggest molybdenum mine in the country. The dang thing goes from one end of the county 20 some odd miles (underground) to the other. It’s really amazing .🙀

Jzyskowski1

Platinum $1048. That’s fun to see

RobM

Speaking of platinum, anyone celebrating the jubbly?

Jzyskowski1