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Is platinum now a better buy than gold?

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  • GoldminersGoldminers Posts: 4,328 ✭✭✭✭✭
    edited June 12, 2025 5:35AM

    @blitzdude said:
    Anyone wanna buy some Pt? To da moon! :sunglasses: THKS!!

    No need to buy, as I have at least one of every date and denomination of the US Mint platinum coins already. It is about time a few started going up in value instead of flat or down for a decade or so. LOL

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    It is about time a few started going up in value instead of flat or down for 5 years or so. LOL

    You can say that again! ;)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DisneyFanDisneyFan Posts: 2,458 ✭✭✭✭✭

    MONEX quotes the ten year high for platinum was $1,283.80 in February, 2021. Just broke through and is currently $1,285.00.

  • DoubleEagle59DoubleEagle59 Posts: 8,377 ✭✭✭✭✭

    I said this the other day......it's starting to 'rip' ....up $32 today.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • blitzdudeblitzdude Posts: 6,497 ✭✭✭✭✭
    edited June 12, 2025 3:07PM

    @RedneckHB Thanks again for the PPLT tip. I must confess it started out a bit slow and hairy but it's playing out quite well. RGDS!

  • taxmadtaxmad Posts: 1,019 ✭✭✭✭

    @RedneckHB said:
    Last chance.

    Why the sudden increase?

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭
    edited June 13, 2025 6:29AM

    Platinum down $53 today. Say what you will about the convenience of electronic trading or the wide buy-sell spread on physical metal, but playing in paper platinum may get you burned. Are the paper players panicking today?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭
    edited June 13, 2025 8:04AM

    Down $81 now. Doesn't change the fundamentals, however.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • GoldminersGoldminers Posts: 4,328 ✭✭✭✭✭

    @jmski52 said:
    Down $81 now. Doesn't change the fundamentals, however.

    The markets are not rational.

  • RedneckHBRedneckHB Posts: 19,658 ✭✭✭✭✭

    @jmski52 said:
    Platinum down $53 today. Say what you will about the convenience of electronic trading or the wide buy-sell spread on physical metal, but playing in paper platinum may get you burned. Are the paper players panicking today?

    Did not the sale price of both physical and paper decline by the same amount?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MWKMWK Posts: 80 ✭✭✭

    @jmski52 said:
    Platinum down $53 today. Say what you will about the convenience of electronic trading or the wide buy-sell spread on physical metal, but playing in paper platinum may get you burned. Are the paper players panicking today?

    I'm gnashing my teeth as I had finally dipped a toe into increasing my platinum holdings yesterday. :smile: I'm not panicking but I am well aware that the price of PPLT trades at a premium to the NAV of its assets.

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭
    edited June 13, 2025 11:30AM

    The difference between paper traders and holders of physical is that it is oh-so-easy to trade paper with the click of a mouse - i.e, it is much easier to hightail it and run as a paper trader who has no real conviction about what is bought (or sold).

    The price drop today wasn't caused by holders of physical metal.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RedneckHBRedneckHB Posts: 19,658 ✭✭✭✭✭

    @jmski52 said:

    The price drop today wasn't caused by holders of physical metal.

    Was the rally caused by physical buyers?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 6,497 ✭✭✭✭✭
    edited June 13, 2025 5:54PM

    @RedneckHB said:

    @jmski52 said:

    The price drop today wasn't caused by holders of physical metal.

    Was the rally caused by physical buyers?

    Nope Wally World was struggling to "give" the stuff away via Bullion Exchanges a few weeks ago. Very few out there buying physical anything. I got a good flip on the physical, still holding the paper. I bought that dumb 1oz gutter army coin today but flipped it for more than double and apparently I won't even see it for a month and a half. CRZY WRLD! RGDS!!

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    Was the rally caused by physical buyers?

    What do YOU think? Of course not. The fundamentals are still operative and will continue to be for years.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • tincuptincup Posts: 5,379 ✭✭✭✭✭

    I would suspect it was all a paper play. Push that price up and then dump.

    We have seen quite a few of that sort of games with silver. But fundamentals.... demand, etc., could be making it a little more difficult than before. Perhaps.... gave it a try in platinum? Being much scarcer than silver, would not take much to move that market on paper?

    ----- kj
  • RedneckHBRedneckHB Posts: 19,658 ✭✭✭✭✭
    edited June 14, 2025 10:09AM

    @jmski52 said:
    Platinum down $53 today. Say what you will about the convenience of electronic trading or the wide buy-sell spread on physical metal, but playing in paper platinum may get you burned. Are the paper players panicking today?

    So you focus on plat being down $70 yet ignore the $300 rally?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    So you focus on plat being down $70 yet ignore the $300 rally?

    I'm more focused on whether the paper traders cut bait and run on a litte drop of $70. I've built a position in platinum over 25 to 30 years, so I'm familiar with how the platinum market goes. It can definitely go both ways.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ashelandasheland Posts: 23,706 ✭✭✭✭✭

    Holding some physical, I’ve always liked the metal, it’s just a cool metal, but I’m buying it more as a collector for the coolness factor, the investment is secondary to me.

  • RedneckHBRedneckHB Posts: 19,658 ✭✭✭✭✭

    @jmski52 said:
    So you focus on plat being down $70 yet ignore the $300 rally?

    I'm more focused on whether the paper traders cut bait and run on a litte drop of $70. I've built a position in platinum over 25 to 30 years, so I'm familiar with how the platinum market goes. It can definitely go both ways.

    So your afraid the paper traders will back away and you'll be buried for another decade?

    If "the fundamentals have changed" then why would you concern yourself with whatever "paper traders" may or may not be doing?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • taxmadtaxmad Posts: 1,019 ✭✭✭✭

    @RedneckHB said:

    If "the fundamentals have changed" then why would you concern yourself with whatever "paper traders" may or may not be doing?

    What in the fundamentals changed to cause the current (since your first post) price increase?

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    I'm not at all concerned about my platinum position since I don't need to sell any of it at this time, and because when I do, I will (if necessary) use it to offset some rather nice gains in gold & silver.

    As you well know, paper is used by the bankers to manipulate the real metals to their advantage, but that is changing. They've already lost control of the gold market. The supply deficits in both silver and platinum are both strongly in favor of anyone (who has a smidgeon of patience) holding physical metals.

    The inevitable result of having an overextended, re-hypothecated Comex market in precious metals will be a failure to deliver, at which time those holding paper contracts will be paid in paper and will no longer be able to attain a position in the metals without paying a much larger premium to get back into a market that's on a fast ride upwards.

    That situation will probably bring down a few major banks at the same time (hopefully not yours).

    Got real metals?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 6,497 ✭✭✭✭✭

    YTD it is. Matter of fact nothing has outshined the Pt YTD. RGDS!

  • RedneckHBRedneckHB Posts: 19,658 ✭✭✭✭✭

    @taxmad said:

    @RedneckHB said:

    If "the fundamentals have changed" then why would you concern yourself with whatever "paper traders" may or may not be doing?

    What in the fundamentals changed to cause the current (since your first post) price increase?

    More buyers than sellers.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,555 ✭✭✭✭✭

    Picked up 2.35 oz Pt for $2900 today. Probably paid too much. Would not have paid 2400 for it a couple months ago. And about 2 grand in January.
    That, to me, was a quick shot up.

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    Picked up 2.35 oz Pt for $2900 today. Probably paid too much. Would not have paid 2400 for it a couple months ago. And about 2 grand in January.
    That, to me, was a quick shot up.

    Looks like you might've made a timely buy!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    Or, maybe not. :(

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 6,497 ✭✭✭✭✭

    Wild swings in the Pt lately. Good times to be playing the PPLT. RGDS!

  • SilverstackerSilverstacker Posts: 67 ✭✭✭

    Nothing better then gold. In my opinion.

  • @blitzdude said:

    YTD it is. Matter of fact nothing has outshined the Pt YTD. RGDS!

    Okay, according to the chart I should start buying soybean oil. Not sure how I'll keep it in our safe though. 😁

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    $1,385 Platinum. How long can this go on?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ms71ms71 Posts: 1,573 ✭✭✭✭✭

    $1,430.75 now.

    Successful BST transactions: EagleEye, Christos, Proofmorgan,
    Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins, justindan, doubleeagle07

    Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.

    My mind reader refuses to charge me. . . . . . .
  • blitzdudeblitzdude Posts: 6,497 ✭✭✭✭✭

    God bless the overpriced gutter metal. @Carr sold the paper PPLT today. Nothing like a 40%+ run in a few short months. @RedneckHB thanks again for the Abrdn tip. BOOMIN!™ :sunglasses: RGDS!

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    $1,389 now.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    $1,357!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    $1,332...............like a bucking broncho...............what a wild ride.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 6,497 ✭✭✭✭✭

    @jmski52 said:
    $1,332...............like a bucking broncho...............what a wild ride.

    It was a button click for me. Most were still trying to pull it out of the bunker. LOL. You can't make this stuff up. SMH!

  • pcgsregistrycollectorpcgsregistrycollector Posts: 1,378 ✭✭✭✭✭

    platinum is tanking

    God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️

  • DisneyFanDisneyFan Posts: 2,458 ✭✭✭✭✭

    I found this interesting reading on the yahoo.finance community

    "It's extremely labor intensive mining platinum vs gold, as it requires up to 12 tons of ore & 6 months of labor to extract just one troy ounce, & it's usually found deep underground only, whereas gold is found at all depth both shallow & deep, is far more plentiful, & far easier to extract than platinum is.

    This is why for every ounce of platinum that's mined, at least twice as much gold is found in the process, which means in order to get more platinum you will get at a minimum at least twice that amount of gold in the process.

    Platinum's native chemical elementary makeup is so superior to gold it's completely on a whole other level. For instance, it's melting point of 3215 degrees F vs gold's 1948F melting point, which makes it one of the only reliable choices for consistent long term performance of High-Temperature Electrical Conductive Applications, which is increasingly becoming more common now in R&D, manufacturing, laser technologies, etc, as human technologies advance."

  • UpGrayeddUpGrayedd Posts: 714 ✭✭✭✭✭

    @DisneyFan said:
    I found this interesting reading on the yahoo.finance community

    "It's extremely labor intensive mining platinum vs gold, as it requires up to 12 tons of ore & 6 months of labor to extract just one troy ounce, & it's usually found deep underground only, whereas gold is found at all depth both shallow & deep, is far more plentiful, & far easier to extract than platinum is.

    This is why for every ounce of platinum that's mined, at least twice as much gold is found in the process, which means in order to get more platinum you will get at a minimum at least twice that amount of gold in the process.

    Platinum's native chemical elementary makeup is so superior to gold it's completely on a whole other level. For instance, it's melting point of 3215 degrees F vs gold's 1948F melting point, which makes it one of the only reliable choices for consistent long term performance of High-Temperature Electrical Conductive Applications, which is increasingly becoming more common now in R&D, manufacturing, laser technologies, etc, as human technologies advance."

    I am not disputing what you posted, because I know absolutely nothing about platinum mining, but can someone explain how it takes six months to produce just one ounce of platinum? I can't wrap my head around how that could possibly work as a business model.

    Philippians 4:4-7

  • DisneyFanDisneyFan Posts: 2,458 ✭✭✭✭✭

    @UpGrayedd said:

    @DisneyFan said:
    I found this interesting reading on the yahoo.finance community

    "It's extremely labor intensive mining platinum vs gold, as it requires up to 12 tons of ore & 6 months of labor to extract just one troy ounce, & it's usually found deep underground only, whereas gold is found at all depth both shallow & deep, is far more plentiful, & far easier to extract than platinum is.

    This is why for every ounce of platinum that's mined, at least twice as much gold is found in the process, which means in order to get more platinum you will get at a minimum at least twice that amount of gold in the process.

    Platinum's native chemical elementary makeup is so superior to gold it's completely on a whole other level. For instance, it's melting point of 3215 degrees F vs gold's 1948F melting point, which makes it one of the only reliable choices for consistent long term performance of High-Temperature Electrical Conductive Applications, which is increasingly becoming more common now in R&D, manufacturing, laser technologies, etc, as human technologies advance."

    I am not disputing what you posted, because I know absolutely nothing about platinum mining, but can someone explain how it takes six months to produce just one ounce of platinum? I can't wrap my head around how that could possibly work as a business model.

    It's a quote and it's "up to" referring to mining platinum as a by product of mining gold as opposed to having an actual platinum mine.

  • GoldminersGoldminers Posts: 4,328 ✭✭✭✭✭

    The post referencing for every ounce of platinum, "twice the amount of gold in the process" is misleading, at best.

    Most platinum (around 70+%) is from mines in South Africa, and they contain palladium and rhodium in smaller quantities, but very little gold. Russia's large nickel mine also has a significant amount of platinum. As far as rarity, in the earth's crust, platinum is 30 times rarer than gold.

    As far as annual actual mining, about 6 million ounces of platinum are mined every year vs. 108 million ounces of gold.

  • tincuptincup Posts: 5,379 ✭✭✭✭✭

    @Goldminers said:
    The post referencing for every ounce of platinum, "twice the amount of gold in the process" is misleading, at best.

    Most platinum (around 70+%) is from mines in South Africa, and they contain palladium and rhodium in smaller quantities, but very little gold. Russia's large nickel mine also has a significant amount of platinum. As far as rarity, in the earth's crust, platinum is 30 times rarer than gold.

    As far as annual actual mining, about 6 million ounces of platinum are mined every year vs. 108 million ounces of gold.

    Considering the relative rarity of platinum... would seem that price is still undervalued compared to gold. But then again, maybe gold is overvalued? The one thing gold does have going for it is that it is such a beautiful metal, and the history behind it.

    ----- kj
  • coinpalicecoinpalice Posts: 2,463 ✭✭✭✭✭

    the other white metal, silver is the thing to buy now, no resistance until 50/ounce

  • DoubleEagle59DoubleEagle59 Posts: 8,377 ✭✭✭✭✭

    @blitzdude said:

    I love playing the ratios.

    Maybe I should swap my platinum for oranges..........NOT!!!

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • blitzdudeblitzdude Posts: 6,497 ✭✭✭✭✭

    @DoubleEagle59 said:

    @blitzdude said:

    I love playing the ratios.

    Maybe I should swap my platinum for oranges..........NOT!!!

    PPLT for the USD was a good move earlier last week. RGDS!

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    PPLT for the USD was a good move earlier last week. RGDS!

    You never quite revealed your entry price or exit price. Are you still in PPLT?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DisneyFanDisneyFan Posts: 2,458 ✭✭✭✭✭

    @tincup said:

    Considering the relative rarity of platinum... would seem that price is still undervalued compared to gold. But then again, maybe gold is overvalued? The one thing gold does have going for it is that it is such a beautiful metal, and the history behind it.

    While platinum is a valuable commodity and investment metal, the big disadvantage is it is not currently recognized by the international banking system or central banking community as a monetary reserve asset.

    Official reserve assets, as defined by the International Monetary Fund (IMF) and used by central banks, typically include foreign currencies, gold, special drawing rights (SDRs), and reserves held at the IMF.

    Some governments do hold inventories of platinum, but these are typically not considered part of their official reserve assets.
    .

  • DisneyFanDisneyFan Posts: 2,458 ✭✭✭✭✭
    edited July 2, 2025 9:24PM

    @DoubleEagle59 said

    Maybe I should swap my platinum for oranges..........NOT!!!

    Have you noticed the size of your orange juice bottles/containers has gotten smaller?

  • jmski52jmski52 Posts: 23,224 ✭✭✭✭✭

    While platinum is a valuable commodity and investment metal, the big disadvantage is it is not currently recognized by the international banking system or central banking community as a monetary reserve asset.

    Official reserve assets, as defined by the International Monetary Fund (IMF) and used by central banks, typically include foreign currencies, gold, special drawing rights (SDRs), and reserves held at the IMF.

    Some governments do hold inventories of platinum, but these are typically not considered part of their official reserve assets.

    These are good observations, especially when compared to gold which is mostly being driven by central bank buying at this time.

    Platinum is driven by industrial demand and questionable supply, which makes it much more volatile with bigger buy/sell spreads. Current market wisdom seems to indicate that platinum has lots of room to run, but it's not for the weak of heart or paper day traders.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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