Platinum?

spanky0071

Anyone know what the deal is with the 1/10 oz. platinum? In the last week the price seems to have jumped roughly $40. I know the mintage is higher than expected, so I would guess that's not a factor. Is it because gold and silver is on the rise? I'm asking because I bought one a couple of weeks ago and wondering if you guys think this will keep rising or drop? Thanks for your post.
Spanky

asnooker

I think people are looking for a place to park their money until there is some sign of a recovery in the stock market... I don't think we will see a recovery until we have won the war or deceided not to have one. I expect metals & coins to contiue to rise for another year at the very least. just my opinion....

wayneme

i have read on this board that the us mint might be getting out of Platinum coins all together
not sure if that would be the reason for the run up or even if it's true
but i think that would run them up

MrKelso

It may be that Platinum was at $616.00 a few days back. It is now at a Bid of $602 with an Ask of $612
and i think the mint is going to keep producing the platinum series.

mbbiker

i don't know if your talking about US 1/10 oz. only but 3 weeks ago i sold an ausie 1/10oz. for $65 bucks